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In Brief Crypto market sees abrupt sell-off, with altcoins severely affected. Bitcoin shows relative strength, boosting its market share. Investors adopt cautious strategies, watching key indicators closely.
In Brief Hyperliquid's HIP-3 upgrade enables developers to launch perpetual futures markets. HYPE token's value has surged, enhancing its market impact and interest. Recent substantial liquidations underline the volatile crypto environment and potential challenges.
In Brief SNX coin surged over 120%, reaching above $2.20, in a significant market rally. The rally stems from upcoming Ethereum mainnet launches and trading competitions. "Dino coins" like SNX could regain prominence in upcoming financial cycles.
Crypto crime unit SEAL unveiled the Verifiable Phishing Reporter using TLS attestations to identify cloaked phishing sites, improve reporting accuracy, and strengthen the crypto sector’s defense against rapidly evolving online fraud and financial losses.
Tether will launch its fully open-source Wallet Development Kit (WDK) this week, featuring starter wallets for iOS and Android.
The analyst expects high volatility for Bitcoin, which can, consequently, impact the broader market, as new Bitcoin whales see the red zone.
Quick Take U.S. government bitcoin reserves surged to around 325,000 BTC ($36 billion) after announcing it had seized 127,271 BTC ($14 billion) — the largest forfeiture in Department of Justice history. U.S. spot Bitcoin and Ethereum ETFs saw $755 million in combined outflows Monday as investors turned defensive after the weekend’s historic crypto wipeout.