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What's next after crypto's largest long liquidation event since February?
What's next after crypto's largest long liquidation event since February?

Quick Take Some $285 million in BTC longs were liquidated in Monday’s sell-off, with $1.6 billion erased across the crypto market — the largest daily wipeout since February, according to K33. History suggests bitcoin tends to underperform in the 30 days following peak liquidation spikes, with median returns turning negative, Head of Research Vetle Lunde said.

The Block·2025/09/23 16:00
Ethereum reclaims USDT lead with $80 billion supply, surpassing Tron
Ethereum reclaims USDT lead with $80 billion supply, surpassing Tron

Quick Take The redistribution of USDT supply reflects evolving user preferences for blockchain infrastructure, particularly as traditional finance increasingly adopts stablecoin rails. The following is excerpted from The Block’s Data and Insights newsletter.

The Block·2025/09/23 16:00
Ethereum Just Turned Bullish, Here’s What’s Next
Ethereum Just Turned Bullish, Here’s What’s Next

Ethereum (ETH) breaks above $4,100 resistance and retests support as exchange reserves hit yearly lows, signaling a potential trend shift.

Cryptopotato·2025/09/23 16:00
Flash
15:17
Ionic Digital did not sell any BTC in May, with total Bitcoin holdings increasing to 2,861.
According to ChainCatcher and as reported by Globenewswire, cryptocurrency mining company Ionic Digital has released its May 2026 mining and operations update, disclosing a mining output of 24.77 BTC, a month-on-month increase of 21.1%. During the same period, no Bitcoin was sold, and the company maintained a zero-debt status, bringing its total holdings to 2,861 BTC. The company also revealed that its current average daily hash rate is 1.74 EH/s, an increase of 15.3% compared to last month.
15:00
10x Research analysis believes BITA has a flaw in its strategy design and may underperform spot bitcoin in the long term
10x Research analysis pointed out that BlackRock's Bitcoin Enhanced Income Exchange-Traded Fund (BITA) has a strategy design flaw. By generating returns through selling call options, the fund has led investors to underperform spot Bitcoin in most market conditions, making it difficult to achieve the desired absolute returns.
14:58
The U.S. Energy Secretary predicts that oil prices will decline further and states that oil transportation through the Strait of Hormuz has returned to "normal levels."
Wright said on an ABC News program: "I no longer try to predict the trend of crude oil or gasoline prices, but oil prices will continue to decline. The volume of oil and natural gas transported through the strait has now returned to normal. Regardless of how U.S.-Iran negotiations progress, transportation will remain stable. U.S. crude oil production continues to rise, production in Venezuela has increased substantially, and we are cooperating with other energy-producing countries around the world. Therefore, I believe the American public can expect energy prices to continue to fall." On the program, Wright told co-host Jonathan Karl that Sunday's candid conversation would clarify Iran's demands and what concessions the Iranian side believes it may need to make. Speaking about Iran, Wright said: "They no longer have the leverage in this negotiation that they have traditionally enjoyed in previous talks."
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