Track market-moving stories before they get noisy

ANIME Fights Market Vows With 23% Rise | Meme Coins To Watch Today

$6 Billion Erased in 24 Hours, ANIME Suffers The Most | Meme Coins To Watch Today

PANews reported on August 13 that Nasdaq-listed media and entertainment company GameSquare (stock code GAME) announced a strategic cooperation agreement with the Animecoin Foundation, which will purchase $2.5 million worth of Animecoin ($ANIME) within one year and become the designated agent of Animecoin.

This partnership aims to expand GameSquare's Web3 footprint, add high-potential digital assets to its crypto treasury, and boost Animecoin's influence in the global gaming and anime markets. GameSquare will also collaborate with Azuki on physical and digital products and showcase the Animecoin brand through FaZe Esports.

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

4 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

4 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

4 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

4 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

4 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

4 hours ago

Top Whale Watch: "BTC OG Insider Whale" Sees $27M Paper Profit, "Strategy Bear Whale" Adds $18M to ETH Short Position 2026.01.07 10:54:39

**January 7th Update** Per the Coinbob Popular Address Monitor, market recovery has boosted the "BTC OG Insider Whale’s" unrealized profits to $27 million. Meanwhile, the "Strategy Counterparty" has expanded its ETH short position to $79.5 million. Most whales held positions steady or made minor adjustments; key details below: ### BTC OG Insider Whale Total unrealized profits hit $27.06 million. Its core holding is an ETH long position (16% profit) worth ~$660 million at an average entry of $3,147 (unrealized gain: $21.33 million). It also holds profitable BTC and SOL long positions. Total account holdings sit at ~$825 million, making it the top ETH, BTC, and SOL long holder on Hyperliquid. ### CZ Counterparty Current ETH long position has $3.5 million in unrealized profits (~$185 million holding, avg $3,190). It also holds an XRP long position (~$87.95 million) with $1.05 million in unrealized losses. It’s the largest XRP long holder and second-largest ETH long holder on Hyperliquid; weekly profits hit $30.61 million, with no recent position changes. ### ZEC Largest Short Closed ~$1.6 million in MON short positions overnight/this morning; current MON short holding sits at ~$8.07 million (avg $0.028, $20k unrealized loss). Its ETH short position has flipped from profit to loss (~$149 million holding, avg $3,239). Total short holdings: ~$182 million, with $13.85 million in weekly losses. It’s the top short holder for ETH, ZEC, and MON on the platform. ### Shanzhai Air Force Leader Opened a ~$340k BTC short position. Recently added to holdings of PUMP/MET, plus short positions on Solana-chain meme coins PEPE and Fartcoin—total related short size now ~$6 million. It remains the largest LIT short holder on Hyperliquid (~$14.17 million, avg $2.7, $1.65 million unrealized loss). ### pension-usdt.eth Launched a 3x-leveraged ETH short position with $2.31 million in unrealized losses. Current holding: ~$65 million (avg $3,136, liquidation price: $4,547). ### Strategy Opponent Position Added ~$18 million to its ETH short position yesterday through today, bringing total holding to ~$79.5 million (avg $3,145, $2.55 million unrealized loss). It’s also the largest BTC short whale on Hyperliquid (~$139 million, avg $91,300).

Relevant content

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

4 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

4 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

4 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

4 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

4 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

4 hours ago

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Crypto sells off amidst Trump Tariff Turmoil! $Trove falls 90% in awful TGE! Pump Fund announced!

Crypto majors are red following Trump’s tariff turmoil; BTC -2% at $91,100; ETH -4% at $3,105, SOL -3% at $129; XRP -2% to $1.93. CC (+12%), MYX (+5%) and SYRUP (+4%) led top movers. The NYSE began preparations for 24/7 tokenized stock and ETF trading. Steak ’n Shake revealed roughly $10M in Bitcoin exposure alongside the creation of a corporate BTC strategic reserve. Vitalik Buterin called for more sophisticated DAO governance models to improve accountability, coordination, and long-term sustainability. Bermuda outlined plans for a fully onchain national economy, working with Coinbase and Circle on payments, identity, and tokenized financial infrastructure. In Corporate Treasuries / ETFs. The BTC ETFs saw $394M in net outflows on Friday breaking a 4-day inflow streak; ETH ETFs stayed green with $4.7M in inflows. In Memes / Onchain Movers. Meme majors were red along with majors; Doge -1%, Shiba -1%, PEPE -2%, TRUMP -1%, Bonk -1%, Pengu -4%, SPX -12%, WIF -1% and Fartcoin -8%. USOR (+70%), GSD (+50%), and Eliza Town (+800%) led onchain movers.

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

4 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

4 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

4 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

4 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

4 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

4 hours ago

Bitcoin Price News Points to Possible Rebound in 2026, but Investors Seeking 100X-300X ROI Pivot to DeepSnitch AI

PANews reported on April 8th that, according to SoSoValue data, the cryptocurrency market has generally rebounded following the two-week ceasefire between the US and Iran. The AI ​​sector performed strongly, rising 6.61% in the last 24 hours. Among them, Fartcoin (FARTCOIN) surged 18.88%, while Bittensor (TAO), Worldcoin (WLD), and Render (RENDER) rose 8.56%, 8.94%, and 10.14% respectively. Furthermore, Bitcoin (BTC) rose 4.30%, breaking through $71,000; Ethereum (ETH) rose 6.23%, breaking through $2,200.

In other sectors, the DeFi sector rose 4.41% in the last 24 hours, with EdgeX (EDGE) up 14.90%; the Layer 2 sector rose 4.32%, with Optimism (OP) up 9.51%; the Layer 1 sector rose 3.95%, with Zcash (ZEC) up 25.73%; the PayFi sector rose 3.86%, with Dash (DASH) up 8.77%; the Meme sector rose 3.56%, with SPX6900 (SPX) up 11.86%; and the CeFi sector rose 2.64%, with OKB up 3.92%.

But analysts say the $3M loss on Hyperliquid likely masked a larger net gain through hedged positions placed on other platforms.

A coordinated attempt to manipulate the price of Fartcoin (FART) on Hyperliquid ended in a $3 million liquidation loss after the scheme triggered an automatic safety mechanism that forced the platform’s own liquidity pool to absorb the fallout.

However, blockchain analysts tracking the incident say the attacker likely walked away with a net profit through hedged positions they had placed elsewhere, leaving Hyperliquid’s liquidity providers holding the bag.

How the Attack Unfolded According to Peckshield and Lookonchain, a single entity spread about $15 million worth of FART long positions across four wallets, accumulating over 145 million tokens. Their data shows the wallets were funded from Binance and Bybit, with three of them traced by on-chain researcher mlmabc to the same entity that had previously squeezed the XPL token.

The alleged manipulator deliberately chose a low-liquidity environment, which made it easier for them to move the price, with Fartcoin going up by about 20% around the time the positions were being built. Hyperdash, a trading terminal built for Hyperliquid, reported that at their peak, the coordinated longs had generated a combined unrealized gain of $1.3 million. Even price data from CoinGecko confirmed the move, showing FART going from near $0.20 to a high of $0.2476 between 20:05 and 23:55 GMT on April 8.

After that, the trap was sprung. Instead of exiting, as would have been expected, given that prices were flying, the schemer deliberately let the positions get liquidated, a tactic Peckshield called “suicide” liquidation. According to them, the intention was to trigger the platform‘s Auto-Deleveraging (ADL) mechanism, which forcibly closes the opposing side of a trade in extreme situations to cover losses.

In this instance, ADL meant that short traders were closed out against their will, and Hyperliquid’s own liquidity pool, known as HLP, was left holding a $13 million long position in a collapsing market. One wallet, 0x06ce, exited with a $512,000 profit before the liquidation cascade, according to Hyperdash.

Peckshield’s and Lookonchain’s assessments were that the manipulator went underwater for $3 million following the liquidation, with the former suggesting they may have profited elsewhere.

You may also like: Why Capital Is Flowing Into XRP, SOL, and HYPE Instead of BTC and ETH HYPE Price Explodes as ETF Inflows and SpaceX Perps Boost Hyperliquid Financial Advisors Managing $175 Trillion Are Eyeing These Crypto Sectors Instead of Bitcoin “A $3M loss on paper, but likely a massive net profit via cross-revenue hedging,” wrote Peckshield.

Fartcoin Down 10% HLP is said to have lost about $1.5 million in the last 24 hours, and Fartcoin is down 10% over the same time period after its price fell from the $0.24 it reached during the manipulation episode.

Meanwhile, Hyperliquid’s HYPE token, which dipped by 23% following a similar liquidation incident last year involving the JELLY token, seems to have fared better this time. At the time of writing, it had only shed a mere 0.4% off its level from 24 hours ago and was up more than 10% in the last 7 days.

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In brief Fartcoin plunged 28% from its weekly high, liquidating $51M in 24 hours. The meme coin’s crash came after it surged 45% in two days to its peak Wednesday. Hyperliquid recorded $84M in liquidations, topping centralized exchanges Binance and Bybit. While Bitcoin hovers above $71,000, attempting to find a stable foothold, a subset of altcoins has tanked sharply, with Fartcoin leading the drop.

The meme coin is down 28% from its Thursday morning peak to around $0.178, according to CoinGecko data. A closer look at the week's price action shows that Fartcoin surged from $0.166 on Tuesday to $0.247 yesterday, securing a 48% gain in under two days.

That sudden spike in buying pressure was followed by a V-reversal, liquidating $48 million in long positions and $3.7 million in shorts in the past 24 hours, according to CoinGlass. The liquidation event was the highest the meme coin witnessed since November 2025, underscoring the volatility. The 24-hour rolling window shows liquidation numbers hit $51 million, ranking third behind Bitcoin and Ethereum.

Enjin Coin experienced similar price action.

It rose abruptly from $0.020 on Wednesday to $0.0383, clocking an 86% gain. As a result, $3.8 million worth of positions were wiped out over 48 hours—the largest liquidation for the token since April 2025.

Most of these liquidations occurred on decentralized exchange Hyperliquid, which recorded $85 million in 24-hour liquidations, surpassing centralized exchanges like Binance, Bybit, and Gate.

“The recent intense volatility in altcoins is essentially the result of a combination of declining macro risk appetite and tightening on-chain liquidity,” Tim Sun, senior researcher at HashKey Group, told Decrypt.

Sun also noted that altcoins typically have shallow market depth and high concentration of holdings. During periods of liquidity contraction, market makers and short-term speculative capital are more inclined to profit by pumping prices and then distributing, which reinforces the pattern of sharp rises and falls.

Algorand, Bittensor, and World Liberty Financial, which were up big last week, are down between 5% and 9% over the past 24 hours, reflecting a narrative-driven capital rotation.

Looking aheadAll eyes are now on Bitcoin, which could make or break the current outlook.

The ceasefire between the U.S. and Iran remains fragile, with experts noting a lack of clarity on the Lebanon front as a contributing factor.

In a TruthSocial post Wednesday, U.S. President Donald Trump stated that, "All US ships, aircraft, and military personnel and anything else that is appropriate and necessary for the lethal prosecution and destruction of Iran, will remain in place in, and around, Iran, until such time as the real agreement is reached and fully complied with.”

"If for any reason it is not, which is highly unlikely, then the 'Shootin' Starts,' bigger, and better, and stronger than anyone has ever seen before," he added.

The breakdown has shifted sentiment on prediction market Myriad, owned by Decrypt's parent company Dastan. Users now see a 66% chance that crude oil's next move will be a pump to $120—down from 89% on Tuesday, when the ceasefire was announced.

Despite the uncertainty, Bitcoin has managed to hold above $70,000. It is trading around $71,100, down 0.5% over the past 24 hours according to CoinGecko data.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

A trader lost about $3 million after building a large leveraged Fartcoin position on Hyperliquid that unraveled in thin liquidity, triggering the platform’s auto-deleveraging (ADL) mechanism.

Lookonchain said, citing Hyperliquid data, that the trader accumulated about 145 million tokens across multiple wallets before being liquidated. The liquidation redistributed gains to opposing traders, with at least two wallets seeing around $849,000 through ADL.

PeckShield said the unwind produced about $3 million in accounting losses and left Hyperliquid’s HLP vault down roughly $1.5 million over 24 hours, though Hyperliquid had not publicly confirmed those figures by publication.

The episode highlighted how ADL can crystallize gains for traders on the other side of a collapsing position, while raising fresh questions about how Hyperliquid’s liquidation and vault structure behave in low-liquidity markets.

One of the wallets that profited from the redistribution. Source: Hyperdash

PeckShield said the activity appeared structured to trigger liquidations in low-liquidity conditions, potentially pushing losses onto Hyperliquid’s liquidity pool while being offset by positions elsewhere.

Cointelegraph reached out to Hyperliquid for comments, but had not received a response before publication.

Source: PeckShieldAlert

Past trades exposed similar pressure on Hyperliquid’s liquidity systemThis is not the first time Hyperliquid’s liquidity system has come under pressure from large, concentrated positions.

On March 13, 2025, the platform’s Hyperliquidity Provider (HLP) vault took a roughly $4 million hit after an oversized Ether (ETH) position was unwound, triggering liquidations under thin market conditions. After the incident, the team said that losses stemmed from market dynamics rather than a protocol exploit.

A similar episode occurred later that month involving the JELLY memecoin. On March 27, 2025, a trader used multiple leveraged positions to exploit the platform’s liquidation system.

However, the final outcome remained unclear, with Arkham saying the trader withdrew about $6.26 million but may still have ended up down nearly $1 million.

On Nov. 13, 2025, a similar pattern occurred when a trader built large leveraged positions in the POPCAT market, triggering cascading liquidations that left a $5 million hole in the HLP vault. Community members said the strategy appeared designed to create and then remove liquidity to force the vault to absorb the impact.

Magazine: Solana exec trolls crypto gamers, Pixel tackles play-to-earn issues: Web3 Gamer

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

In brief Fartcoin plunged 28% from its weekly high, liquidating $51M in 24 hours. The meme coin’s crash came after it surged 45% in two days to its peak Wednesday. Hyperliquid recorded $84M in liquidations, topping centralized exchanges Binance and Bybit. While Bitcoin hovers above $71,000, attempting to find a stable foothold, a subset of altcoins has tanked sharply, with Fartcoin leading the drop.

The meme coin is down 28% from its Thursday morning peak to around $0.178, according to CoinGecko data. A closer look at the week's price action shows that Fartcoin surged from $0.166 on Tuesday to $0.247 yesterday, securing a 48% gain in under two days.

That sudden spike in buying pressure was followed by a V-reversal, liquidating $48 million in long positions and $3.7 million in shorts in the past 24 hours, according to CoinGlass. The liquidation event was the highest the meme coin witnessed since November 2025, underscoring the volatility. The 24-hour rolling window shows liquidation numbers hit $51 million, ranking third behind Bitcoin and Ethereum.

Enjin Coin experienced similar price action.

It rose abruptly from $0.020 on Wednesday to $0.0383, clocking an 86% gain. As a result, $3.8 million worth of positions were wiped out over 48 hours—the largest liquidation for the token since April 2025.

Most of these liquidations occurred on decentralized exchange Hyperliquid, which recorded $85 million in 24-hour liquidations, surpassing centralized exchanges like Binance, Bybit, and Gate.

“The recent intense volatility in altcoins is essentially the result of a combination of declining macro risk appetite and tightening on-chain liquidity,” Tim Sun, senior researcher at HashKey Group, told Decrypt.

Sun also noted that altcoins typically have shallow market depth and high concentration of holdings. During periods of liquidity contraction, market makers and short-term speculative capital are more inclined to profit by pumping prices and then distributing, which reinforces the pattern of sharp rises and falls.

Algorand, Bittensor, and World Liberty Financial, which were up big last week, are down between 5% and 9% over the past 24 hours, reflecting a narrative-driven capital rotation.

Looking aheadAll eyes are now on Bitcoin, which could make or break the current outlook.

The ceasefire between the U.S. and Iran remains fragile, with experts noting a lack of clarity on the Lebanon front as a contributing factor.

In a TruthSocial post Wednesday, U.S. President Donald Trump stated that, "All US ships, aircraft, and military personnel and anything else that is appropriate and necessary for the lethal prosecution and destruction of Iran, will remain in place in, and around, Iran, until such time as the real agreement is reached and fully complied with.”

"If for any reason it is not, which is highly unlikely, then the 'Shootin' Starts,' bigger, and better, and stronger than anyone has ever seen before," he added.

The breakdown has shifted sentiment on prediction market Myriad, owned by Decrypt's parent company Dastan. Users now see a 66% chance that crude oil's next move will be a pump to $120—down from 89% on Tuesday, when the ceasefire was announced.

Despite the uncertainty, Bitcoin has managed to hold above $70,000. It is trading around $71,100, down 0.5% over the past 24 hours according to CoinGecko data.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

What Happened in the Fartcoin Liquidation Event? A trader lost about $3 million after building a large leveraged position in Fartcoin on Hyperliquid, which unraveled under thin liquidity conditions and triggered the platform’s auto-deleveraging (ADL) mechanism.

Blockchain data flagged by Lookonchain shows the trader accumulated roughly 145 million tokens across multiple wallets before being liquidated. As the position collapsed, gains were redistributed to traders on the other side of the market, with at least two wallets receiving around $849,000 through ADL.

PeckShield said the unwind resulted in approximately $3 million in accounting losses and left Hyperliquid’s Hyperliquidity Provider (HLP) vault down about $1.5 million over a 24-hour period, although the platform had not confirmed these figures at the time of publication.

How Does ADL Amplify Gains and Losses? Hyperliquid’s ADL system is designed to manage risk during forced liquidations by automatically reducing opposing positions when liquidity is insufficient. In practice, this can transfer value from one side of the market to another when large positions unwind rapidly.

In this case, the liquidation did not only close the trader’s position but also redistributed profits to counterparties positioned against it. The structure effectively turned a single collapse into a profit event for a small number of traders able to absorb the flow.

PeckShield noted that the activity appeared structured to trigger liquidations in low-liquidity conditions, potentially pushing losses onto Hyperliquid’s liquidity pool while being offset by positions elsewhere.

Investor Takeaway Auto-deleveraging systems can transfer losses across participants rather than eliminate them. In thin markets, large leveraged positions can turn liquidation into a redistribution event that benefits counterparties while stressing liquidity pools.

What Does This Reveal About Hyperliquid’s Liquidity Structure? The incident has raised fresh questions about how Hyperliquid’s liquidation and vault systems behave under stress. The HLP vault, which acts as a backstop for liquidity and absorbs imbalances, recorded losses during the event, highlighting its exposure to extreme market conditions.

While the platform has previously attributed similar losses to market dynamics rather than protocol flaws, repeated events suggest that structural vulnerabilities may persist when liquidity is fragmented or shallow.

Investor Takeaway Liquidity backstops like HLP vaults can absorb shocks but also accumulate losses during extreme events. Their performance depends heavily on market depth and the distribution of leveraged positions.

Is This Part of a Broader Pattern? This is not the first time Hyperliquid’s liquidity system has come under pressure from large, concentrated trades. On March 13, 2025, the HLP vault took a roughly $4 million hit after an oversized Ether position was unwound under similar thin liquidity conditions.

Later that month, a trader used multiple leveraged positions in the JELLY memecoin market in what appeared to exploit the platform’s liquidation mechanics. The final outcome remained unclear, with Arkham reporting that the trader withdrew about $6.26 million but may still have ended up with net losses.

On Nov. 13, 2025, another event involving the POPCAT market triggered cascading liquidations, leaving an estimated $5 million deficit in the HLP vault. Community analysis suggested the strategy involved creating and then removing liquidity to force the vault to absorb losses.

These repeated incidents point to a recurring dynamic where large, coordinated positions interact with thin liquidity to produce outsized effects on both traders and protocol-level liquidity reserves.

About the Author: Abdelaziz Fathi

Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets. With a B.A. in Finance and hands-on industry exposure, Aziz blends analytical rigor with clear storytelling to make complex market structure understandable for traders, brokers, and fintech professionals.

Trump-backed World Liberty Financial funded a $250,000 Performance of the Night bonus pool at UFC Freedom 250, distributing the awards in its USD1 stablecoin on the White House South Lawn.

World Liberty Financial, the Trump family-backed crypto venture, funded a $250,000 fighter bonus pool at UFC Freedom 250 on Sunday, distributing the awards in its USD1 stablecoin on the South Lawn of the White House.

The Ultimate Fighting Championship (UFC) announced the arrangement on June 13: WLFI signed on as an official partner of the event and serves as presenting sponsor of the Performance of the Night bonuses. The awards are paid in USD1, World Liberty Financial's U.S. dollar-backed stablecoin, and are separate from a $1 million CRO bonus pool funded by Crypto.com for Fight of the Night winners. World Liberty Financial announced the sponsorship on June 10 via its official X account.

The Bonus StructureUFC Freedom 250, an outdoor mixed martial arts event held on the South Lawn of the White House in Washington, D.C., featured two parallel bonus pools. Crypto.com sponsored a $1 million CRO pool for the Fight of the Night award, described by UFC CEO Dana White as the biggest bonus in the promotion's history. World Liberty Financial contributed a separate $250,000 for Performance of the Night, distributed in USD1 rather than cash. According to post-event reports, Performance of the Night payouts reached $425,000 per fighter.

Zach Witkoff, co-founder of World Liberty Financial, framed the arrangement in settlement terms. "A victory in Washington should mean money in your pocket immediately, not when the bank opens," he said. "USD1 makes U.S. dollars more accessible and faster than ever before."

WLFI branding appeared inside the Octagon and across the event broadcast. The card streamed on Paramount+ to a global audience.

USD1 ContextUSD1 is a U.S. dollar-pegged stablecoin issued by World Liberty Financial and backed by U.S. Treasuries and cash equivalents, with custody handled by BitGo. It carries a circulating supply of roughly 4.4 billion tokens and a market cap of approximately $4.4 billion, per CoinGecko. The stablecoin trades on Ethereum, Solana, BNB Chain, Aptos, and Mantle.

World Liberty Financial was co-founded in 2024 by Donald Trump and his sons alongside Steve and Zach Witkoff. Trump holds the title of "Chief Crypto Advocate." The Defiant has previously covered WLFI's legal disputes with Justin Sun, including a defamation lawsuit and Sun's counter-suit over frozen WLFI tokens.

Political BackdropUFC Freedom 250 was staged to mark President Trump's 80th birthday and the United States' 250th anniversary. Hosting a UFC event on White House grounds is unprecedented for the promotion.

Crypto.com served as the primary event presenter alongside RAM Trucks. UFC CEO Dana White announced the expanded bonus structure at a press conference at the Lincoln Memorial ahead of the event, describing the Performance of the Night pool as an additional incentive stacked on top of the Crypto.com Fight of the Night award.

The UFC has taken on an increasing number of cryptocurrency sponsors in the past two years. UFC Freedom 250 adds a presidential-family stablecoin to that roster, deployed on live television on White House grounds.

Trump Paid UFC Fighters in His Stablecoin Despite Probe Over UAE Ties

Updated Jun 15, 2026, 9:08 a.m. Published Jun 15, 2026, 8:09 a.m.

2 min read

Eric Trump (Keith Tanner/CoinDesk)Summary

World Liberty Financial’s USD1 stablecoin, backed by the family of President Donald Trump, was used to pay $250,000 in fighter performance bonuses at UFC Freedom 250 on the White House lawn.The promotion comes months after World Liberty Financial borrowed $75 million from a DeFi protocol, which temporarily locked out retail USD1 depositors, and amid litigation with crypto entrepreneur Justin Sun.USD1’s circulating supply has grown to about $4.6 billion as World Liberty Financial seeks a federal banking license.USD1, the stablecoin issued by the Trump family's crypto venture World Liberty Financial, has gone from locking retail depositors out of a DeFi lending pool to being used to pay fighters on the White House lawn.

The UFC said Friday that World Liberty Financial would serve as the presenting partner of a $250,000 performance bonus pool at UFC Freedom 250, a mixed martial arts contest held on the south lawn of the presidential residence on Sunday, June 14, President Donald Trump's 80th birthday. The bonuses were paid out in USD1 to fighters across seven matches.

The awards are among the most prominent commercial deployments of USD1 to date.

The visibility push comes months after CoinDesk reported on a borrowing controversy that briefly hit prices of WLFI, World Liberty Financial's token, and rattled the project's sentiment in social circles.

The company had borrowed more than $75 million in stablecoins from Dolomite, a DeFi lending protocol whose co-founder Corey Caplan advises WLFI, using 3 billion of its own WLFI governance tokens as collateral and depositing its own USD1 as part of the arrangement.

The borrowing pushed the USD1 pool to 93% utilization, meaning retail depositors who had lent USD1 to the pool expecting to withdraw at will could not do so until the loans were repaid. WLFI repaid $25 million of the position, then minted $25 million in fresh USD1 days later, actively managing the token's supply through April. World Liberty Financial did not respond to a request for comment on the report.

World Liberty is also in litigation with Justin Sun, the crypto tycoon and early buyer of WLFI governance tokens, who sued the company, alleging it improperly froze his holdings. WLFI countersued for defamation.

Some observers said the commercial impact of Sunday's event is straightforward.

"Paying the fighters in the USD1 stablecoin would have the same economic function as writing them a check," Todd Phillips, a crypto expert at the Klaros Group, told The Guardian. "Announcing to the world they are doing it in USD1 sounds like they are advertising to the world that USD1 is out there and that it is connected to the UFC and the White House."

USD1's circulating supply has grown to around $4.6 billion from $3.3 billion on Jan. 1.

The company has also applied for a banking license from the Office of the Comptroller of the Currency.

Trump's financial disclosure lists his stake in World Liberty Financial at over $50 million. The administration maintains that there is no conflict of interest and that Trump's assets are managed by a trust run by his children.

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World Liberty Financial provided a $250,000 performance pool and the Performance of the Night bonuses in terms of USD1 stablecoin. USD1 experienced one of the largest real-life applications of the crypto currency when the UFC Freedom 250 fight was organized by the White House. UFC Freedom 250 gained a lot of media coverage as the event took place at the South Lawn of the White House premises. Several high-profile fights were scheduled at UFC Freedom 250, which garnered attention from sports enthusiasts as well as from cryptocurrency investors. While fights were taking place in the octagon, Trump-affiliated World Liberty Financial (WLFI) was sponsoring the USD1 stable coin at UFC Freedom 250.

WLFI, which is a Trump-backed financial company, was an official partner of UFC Freedom 250 and had sponsored the show as well. This organization gave out $250,000 to establish a Performance of the Night bonus pool for the fighters in the event. These bonuses were distributed in USD1 stable coin that was created by Trump-affiliated company WLFI. In consequence, USD1 received maximum exposure at a very popular sports event.

Before the event, the CEO of UFC, Dana White, shared details on the additional bonuses that would be given to the competitors. As stated by organizers of the event, the Performance of the Night awards were given to two athletes in the sum of $425,000 each. WLFI, backed by Trump, offered such bonuses based on the excellent performance of athletes during the event. This was part of the wider strategy aimed at expanding USD1 usage in other industries.

The event attracted significant attention from the sports world and the digital assets sphere. As noted by experts, WLFI, with support from Trump, showed how the stablecoin could be applied in the real world. Besides, the sponsorship gave opportunities for brand recognition on the worldwide stage due to the wide international presence of UFC. The analysts mentioned that the event was another example of the integration of cryptocurrencies into sports.

However, other crypto sponsors became involved in organizing those bonuses. Therefore, Crypto.com provided an additional bonus pool totaling $1 million thanks to its CRO cryptocurrency platform. Consequently, the contribution of crypto sponsors improved the total amount of digital assets given as bonuses during the match. UFC officials stated that the bonuses provide additional income and do not form part of the fighters’ standard compensation packages.

Experts in the industry are constantly monitoring the process of blockchain-based solutions utilization within sponsorship initiatives and transactions. The popularity of stablecoins is growing due to their constant value in comparison with fiat currency. This type of cryptocurrency is considered to be a good payment instrument. In addition, enterprises try to use major sporting events to promote crypto platforms and related services.

The White House event was very effective in promoting the use of USD1 and explaining its functions. This implies that the analysis of possible application scenarios of stablecoin technology in sports, entertainment, and finance deserves attention.

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BitGo Holdings, Inc. (NYSE: BTGO) has been named to the 2026 Fortune 500, becoming the first true digital asset infrastructure company to reach the list. The debut comes just five months after the company went public on the New York Stock Exchange in January 2026, with reported revenue of approximately $16.2 billion for 2025.

The 2026 Fortune 500 edition, which features President Donald Trump on the cover and is on sale now, includes BitGo at No. 273. BitGo also appears in related coverage, while CEO Mike Belshe is slated for prominent placement in the upcoming Fortune Crypto 100 list in August, including feature coverage and limited cover variants. 

While miners, major exchanges, and treasury-focused companies have gone public in recent years, BitGo stands out as the first dedicated infrastructure provider — focused on custody, wallets, settlement, and related services — to achieve Fortune 500 status so quickly after its public listing.

Background and Evolution

BitGo was founded in 2011 by Mike Belshe, its current CEO, alongside Bill Lee, Ben Davenport and Will O’Brien. It began as a provider of secure Bitcoin wallets and institutional-grade custody solutions, emphasizing multi-signature technology and enterprise security at a time when few reputable options existed for large holdings.

Over more than a decade, the company grew into one of the most recognized names in digital asset infrastructure, powering wallets, custody, trading, and operations for many prominent platforms, funds, and institutions in the Bitcoin and broader crypto industry.

Current Operations and Regulatory Standing

Today, BitGo functions as a full-stack infrastructure provider. It operates as BitGo Bank & Trust, National Association, a federally chartered national trust bank under the Office of the Comptroller of the Currency (OCC). This designation, approved in December 2025, imposes stringent federal requirements — including enhanced capital standards, regular audits, comprehensive risk management, and fiduciary oversight — while delivering significant strategic advantages.

The OCC charter provides uniform federal supervision and regulatory clarity, replacing fragmented state-by-state licensing in many cases and offering institutions the certainty they expect from a federally regulated fiduciary. It enables nationwide service capabilities with federal preemption of certain duplicative state requirements. 

Nick Payton, VP of Marketing at BitGo, told Bitcoin Magazine that the OCC federal charter, combined with being a public company, unlocks regulatory clarity sought out by institutional clients. “We spent the money and made sure to take that burden off of our clients.” Payton also described the OCC federal charter as a moat that software alone can not easily unlock, even with the power of artificial intelligence.

Finally, the OCC federal charter also strengthened the company’s ability to expand services such as stablecoin infrastructure, staking from cold custody, Prime trading and derivatives, and tokenization activities under a clear federal framework, positioning BitGo as a key bridge between traditional banking rails and digital assets.

Its client base is primarily institutional, including exchanges, funds, and Bitcoin ETF issuers. Notable examples include 21Shares (custody for Bitcoin ETFs), Fold (which relies on BitGo infrastructure for core operations), World Liberty Financial (custody and infrastructure for its USD1 stablecoin), and SoFi (infrastructure and distribution support for SoFiUSD, positioned as the first U.S. national bank-issued stablecoin on a public blockchain).

High-net-worth individuals also use the platform for qualified custody, staking from cold storage, and Prime services. While some retail-facing tooling exists through the broader platform, BitGo has maintained a deliberate focus on institutional and sophisticated clients rather than becoming a mass-market retail platform.

Prime Services and Global Footprint

BitGo has expanded its Prime desk to include OTC trading, electronic trading, and derivatives, which recently came online. This allows clients to access liquidity, execute strategies, and manage collateral directly from qualified custody. The service supports operational needs such as loans against Bitcoin holdings or yield generation without moving assets off-platform.

The company operates globally across more than 100 countries. It maintains regulated licenses and entities in key regions, including a VARA license in Dubai, an office in London, a Latin America headquarters in Mexico City, and an APAC base in Singapore, according to Payton.

Revenue Drivers

Payton also outlined the company’s primary revenue contributors today, which are primarily made up of custody fees, the company’s bread and butter, alongside other growing revenue sources like BitGo Prime, encompassing OTC, e-trading, and the newer derivatives offering.

Staking of crypto assets also made the short list of top revenue drivers for the company, enabling clients to earn yield on assets such as Ethereum and Solana while keeping them in cold custody.  Finally, Stablecoins have become a rapidly expanding segment of company revenue via their Stablecoin-as-a-Service platform, which handles minting, burning, and custody. Recent examples include support for World Liberty Financial’s USD1, which Payton described as one of the fastest-growing stablecoins, approaching significant circulation, and SoFi’s SoFiUSD with an initial mint of $150 million and plans to scale.

Payton also shared that “Bitcoin has always driven significant volume at BitGo. But Ethereum, Solana, and stablecoins are also prominent.” He added: “One major point we’ve never discussed publicly is that we’re among the top 10 largest entities holding Bitcoin globally, with over 470k BTC in custody,” making Bitgo one of the largest Bitcoin custodians in the world. For its own corporate treasury, BitGo Holdings, holds approximately 2,449 BTC as of the most recent public disclosures, this ranks BitGo as having the 32nd largest corporate treasury holdings in the world. 

Outlook on Tokenization

As for current areas of focus, Payton expressed clear enthusiasm for “tokenization,” a commonly heard though somewhat elusive term in the industry. He framed it as the cryptographic representation of traditional assets — particularly public and private equities — on blockchain infrastructure. 

“We are excited about the future of tokenization. We think it’s going to bring broader access to a wider range of people in public markets. We’re also looking into tokenizing private companies as well, traditional equity, not just public.” Payton said, cautioning that “It has to be done carefully. And safely. We don’t want it to turn into a bubble. It has to be done responsibly.”

PANews reported on June 17th that, according to The Block citing NOTUS, World Liberty Financial, a Trump-backed crypto project, is expected to soon receive approval from the Office of the Comptroller of the Currency (OCC) to become a Federal Trust Bank. OCC Commissioner Jonathan Gould is expected to announce the decision soon, and two former OCC employees stated that approval is "almost a done deal." World Liberty submitted its application in January of this year. A Federal Trust Bank license would allow it to issue and redeem the USD1 stablecoin, manage reserves, and provide digital asset custody, conversion, and settlement services without relying on third-party intermediaries.

Donald Trump-backed World Liberty Financial (@worldlibertyfi) $WLFI is reportedly close to securing a federal trust charter from the Office of the Comptroller of the Currency (OCC), according to sources cited by NOTUS who described approval as highly likely.

What the Charter Would Mean for USD1The federal trust bank charter would allow World Liberty to issue and redeem its USD1 stablecoin, manage reserves, provide digital asset custody, and offer conversion and settlement services under a single federal regulator. This would also preempt many state regulations, enhance credibility with US institutions, and allow direct issuance without relying on third-party intermediaries. BitGo currently serves as its intermediary.

World Liberty Financial said WLTC Holdings LLC filed a de novo application with the OCC to establish World Liberty Trust Company National Association, a proposed national trust bank focused on stablecoin operations. WLTC plans to serve institutional customers, including cryptocurrency exchanges, market makers, and investment firms, and offer digital asset custody and conversion services that will enable holders of other stablecoins to shift to USD1.

USD1's Growing FootprintUSD1 has reached more than $3.3 billion in circulation within its first year, with usage concentrated among institutional customers for cross-border payments, settlement, and treasury. The stablecoin is fully backed by US dollars held at regulated depository institutions and funds invested in short-duration US Treasury obligations. The stablecoin operates across ten blockchain networks, including Ethereum, Solana, BNB Smart Chain, TRON, Aptos, and AB Core.

Stablecoins in the US are now generally governed under the GENIUS Act, signed into law by Trump, though the specific regulatory provisions are still being sorted out by federal agencies including the US Treasury Department.

The OCC approval, however, will likely fuel further political backlash over the current US president's potential conflicts of interest. The application has intensified concerns that the OCC's chartering framework is enabling politically connected crypto firms to obtain federal banking privileges, concerns magnified by the Trump family's direct financial stake in World Liberty Financial.

Sources:
The Block: World Liberty Financial nears OCC approval for federal trust charter
CoinDesk: Trump-linked World Liberty Financial applies for federal bank charter
Crypto Briefing: World Liberty Financial files OCC trust charter to launch USD1 stablecoin bank

PANews, June 22 – According to an official announcement, Binance will list the XLM/U and XLM/USD1 spot trading pairs on June 23, 2026, at 16:00 (UTC+8), and will simultaneously enable spot algorithmic order services. Additionally, Binance will launch a zero maker fee promotion for eligible users on the XLM/U spot and margin trading pairs, effective from June 23, 2026, at 16:00 (UTC+8) until further notice.

Binance Margin to Add XLM/U and XLM/USD1 Cross Margin Trading Pairs Today

PANews, June 23 – According to an official announcement, Binance Margin will add the XLM/U and XLM/USD1 cross margin trading pairs on June 23, 2026, at 16:00 (UTC+8).

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US Three Major Indexes Mixed, HOOD Down Over 6.11%

PANews Newsflash1 hour ago

Fri 12 Dec 2025 ▪ 4 min read ▪ by Eddy S.

Summarize this article with:

YouTube takes a new step in the evolution of digital payments by integrating PayPal’s stablecoin, PYUSD, to pay its American creators. This decision, announced in December 2025, marks a turning point for the content industry and cryptos. Analysis of an innovation that could well redefine online monetization standards.

In brief YouTube now allows American creators to receive their revenues in PYUSD, the stablecoin issued by PayPal. Stablecoins are gaining ground among technology giants, with players like Facebook also exploring this solution to pay creators. The collaboration between YouTube and PayPal could accelerate the adoption of PYUSD and transform online payments, despite regulatory and competitive challenges. Stablecoin: YouTube authorizes payments in PYUSD for American creators YouTube has just formalized the use of PYUSD, PayPal’s stablecoin, to compensate its creators based in the United States. This initiative currently concerns only revenues from advertising monetization, subscriptions, and super chats. Payments are made via PayPal or compatible crypto wallets, offering an alternative to traditional bank transfers.

Creators will benefit from nearly instant transactions, compared to several days with traditional methods. Reduced fees and the option to keep revenues in PYUSD or convert them to dollars add appreciated flexibility. However, this option remains limited to the United States, excluding international creators for now.

However, YouTube’s adoption of the PYUSD stablecoin raises questions about regulation and compliance, notably in terms of anti-money laundering. Despite these challenges, YouTube bets on this innovation to attract and retain talent while simplifying financial management for an increasingly digital-oriented community.

Stablecoins, new payment tools for tech giants Stablecoins are gradually establishing themselves as a preferred payment solution for tech companies. Beyond YouTube, Facebook (Meta) is also exploring this path to pay its creators, thus accelerating the transition to decentralized financial systems. These digital assets, backed by stable currencies like the dollar, offer speed and security.

For creators, this means revenues accessible faster and at lower costs, a major advantage in a competitive sector. However, if each tech giant develops its own solution, the risk of market fragmentation becomes real, complicating user experience.

Crypto: Could the PayPal – YouTube collaboration boost PYUSD? PYUSD, launched by PayPal in 2023, is a regulated stablecoin designed to facilitate digital transactions. Its integration by YouTube could make it a key player in the sector, thanks to the platform’s huge user base. Massive adoption could strengthen its credibility and liquidity, attracting other strategic partnerships. Yet, PYUSD’s success will depend on its ability to differentiate from established competitors like USDC or USDT.

Furthermore, American regulators, attentive to systemic risks, could also influence its development. However, if YouTube manages to convince its creators, PYUSD could become a standard for online payments. A collaboration that could inspire other platforms to adopt similar solutions, thus accelerating crypto adoption in the digital economy.

YouTube and PayPal’s PYUSD stablecoin therefore enter a new era of digital compensation. One day, undoubtedly, cryptos will definitively replace the traditional banking system. But for now, the content industry has just crossed a decisive milestone… And you, would you be ready to adopt stablecoins for your daily transactions?

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

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TL;DRXRP/BTC rebound: After a nerve-wracking dip toward 0.000018, XRP reclaimed the 0.00002088 level versus Bitcoin, effectively dodging a catastrophic breakdown as the month of February expires.Buterin’s philanthropy: Ethereum’s founder follows his plan to donate 7,386 ETH ($15.51M) to open-source and biotech projects with new selling on-chain.SHIB versus PYUSD: A $400 million valuation gap is all that stands between Shiba Inu and PayPal USD, and historical March volatility suggests a ranking reshuffle is back on the menu.XRP news: XRP escapes breakdown versus Bitcoin in FebruaryAs the final full week of February 2026 begins, the digital asset market is revealing that the XRP/BTC pair displayed by TradingView is providing a masterclass in "clinging to the edge." For much of the month, the chart resembled a slow-motion crash, with XRP teetering on the brink of a new multi-year low against the largest cryptocurrency.

However, the monthly close tells a different story, one of stubborn resilience. Closing near 0.00002088 on Binance, XRP managed to avoid a definitive settlement below 0.00002 BTC — a price point where the foundational middle Bollinger Band is stretched on the monthly XRP/BTC chart by TradingView — which would have signaled a "lights out" scenario for bulls.

XRP/BTC Monthly Chart by TradingViewExamining the chart reveals a substantial upper wick from earlier in the year near 0.000030 — a faint memory of a rally that failed to endure — yet the underlying structure remains curiously unbroken. While the lower Bollinger Band is creeping up toward 0.00000813, suggesting that the long-term floor is rising, the immediate concern is the mid-band rejection. However, the higher-low sequence established in late 2024 remains the dominant narrative.

HOT Stories

As long as the 0.000018 panic wick from earlier this month is not breached on a closing basis, the "breakdown" will remain a "shakeout."

On the daily chart, the technical tug-of-war is even tighter. XRP is currently sandwiched between its short-term moving averages at 0.00002083 and 0.00001969 per BTC. With Bitcoin maintaining a dominant posture in Q1, XRP is not looking to lead the market.

However, its refusal to collapse suggests that liquidity is rotating back into the "old guard" just as the bears were getting comfortable. If XRP can punch through 0.0000219 next week, the conversation will shift from survival to a potential recovery to 0.000024 per BTC.

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Ethereum news: Vitalik Buterin keeps selling ETH for charityWhile technical traders scrutinize XRP’s candles, Vitalik Buterin reminds the market that Ethereum is, at its core, a social utility tool. The Ethereum co-founder has been systematically selling portions of his holdings, but the on-chain data offers a much more sophisticated picture than the "dump" narrative suggests.

Since Feb. 2, Buterin has moved 7,386 ETH, netting approximately $15.51 million at an average realized price of $2,100. The donations continued this weekend.

Vitalik Buterin's Latest On-Chain Activity by ArkhamThe latest move, originating from the now-famous "0xfEB0...03B2" address, saw 428.57 ETH converted into about $850,178 worth of GHO. These funds are earmarked for high-impact sectors, such as biomedical research (like the Kanro Foundation) and open-source software development.

What’s interesting here is the "how." Buterin is not selling on the market on Coinbase and driving down the price for everyone else. Instead, he is using CoW Swap and Aave, leveraging batch auctions and decentralized liquidity protocols to ensure his transactions have the least possible impact on the order books.

Even after these million-dollar distributions, Buterin remains the heavyweight champion among individual ETH holders, with over 240,000 ETH (equal to around $467 million).

SHIB news: Shiba Inu's (SHIB) path to dethroning PayPal USDFinally, in this morning's crypto update, the market is witnessing a showdown between the largest meme coin on Ethereum and a stablecoin backed by a global payments giant as Shiba Inu (SHIB) inches closer to overtaking PayPal USD (PYUSD) in the CoinMarketCap ranking. With SHIB's market cap at around $3.67 billion and PYUSD at $4.07 billion, the difference is only $400 million. In a market as volatile as we have seen this February, that is essentially a rounding error.

SHIB is currently trading at $0.000006239, and while its monthly performance has been lackluster — down about 8.31% in February — history suggests that "SHIB Season" is approaching. Looking back at February 2024, it was a modest precursor to a massive 145% explosion in March. If history repeats itself, the current 24-hour trading volume of $96 million could be the calm before the storm.

CoinMarketCap Ranking with PayPal USD and Shiba Inu (SHIB)The "dethroning" of PayPal USD would be a substantial symbolic victory. PYUSD is designed to stay pinned to $1.00, and its market cap only grows when new institutional money enters the PayPal ecosystem. SHIB, on the other hand, grows through retail enthusiasm and ecosystem expansion. If SHIB can reclaim the $4 billion valuation threshold, it will not just surpass a stablecoin but also signal a shift in market psychology from "defensive stability" to "speculative appetite."

To achieve this in March, SHIB must clear the $0.0000069 resistance level. If it fails, the likely path is a slide back to $3.3 billion, but with the "March effect" looming, the big players are probably keeping a close eye on that $400 million gap.

XRP, ETH, SHIB: Key levels to watch last week of FebruaryAs we transition into the final days of February and look toward a fresh March monthly open, the road map for these three assets is clearly defined by structural floors rather than speculative ceilings.

XRP and Bitcoin (BTC): The line in the sand is 0.0000205. If we close a daily candle below this, the "escape" was a fake-out, and we go back to testing the 0.000018 abyss. On the flip side, a move above 0.0000219 validates the monthly recovery.Ethereum (ETH): The $1,900-$2,100 pocket is the battlefield. We need to see ETH hold this level despite the ongoing $15M+ distribution from Buterin. If it holds, the next stop is to reclaim $2,250.Shiba Inu (SHIB): Forget the price for a second and watch the $4.0 billion market cap. This is the psychological trigger point. If SHIB’s valuation crosses this line, expect a surge in "flippening" narratives that could carry it toward the $0.0000075 price target.The market is not screaming for a moonshot yet, but it looks like it is done falling. We are in the "digestion phase," where smart distributions and defenses set the stage for the next major leg.

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