Prominent cryptocurrency trader AguilaTrades has suffered a complete liquidation on the Hyperliquid platform, wiping out nearly all of his capital. His losses are now approaching $40 million. The liquidation marks a dramatic collapse for the trader, whose long Bitcoin (BTC) position succumbed to a recent market pullback triggered by escalating tariff tensions and the absence…
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. DeFi TVL hits pre-Terra levels while IMF formally recognizes crypto in national accounts. Visa expands stablecoin support across multiple blockchains as institutional adoption accelerates amid growing regulatory clarity…
On Ethereum’s 10th anniversary, developer Justin Drake discussed quantum computing and how it could threaten ETH. He called for “lean Ethereum” to efficiently marshal tremendous resources to counter the threat. Specifically, Drake believes that hash-based cryptography should take over the entire L1, from signatures to zkVMs and more. A lot of his discussion was highly technical,…
Ethereum has seen a period of sideways movement over the last ten days, despite the broader cryptocurrency market experiencing significant price drops. It has managed to hold steady, a sign of resilience, but ETH still hasn’t reached its absolute reversal point. This point is critical for triggering a broader price shift. Ethereum Has A Long…
PENGU, the native token tied to the top NFT project Pudgy Penguins, has climbed by 6% in the past 24 hours amid a noticeable uptick in trading volume. As investor interest climbs, on-chain data flashes signs of potential continuation in PENGU’s upward momentum. PENGU Gears Up for Another Leg Higher Two key on-chain metrics suggest…
Stellar’s (XLM) recent price action has faced downward pressure, causing concerns among investors. After a 97% price surge earlier this month, the cryptocurrency is now on the brink of erasing those gains. The next few days will depend largely on broader market movements, which will play a pivotal role in determining the recovery of the…
Hong Kong officially enforces its comprehensive Stablecoin Ordinance today, August 1, 2025. This regulatory milestone transitions stablecoins from speculative crypto narratives into programmable financial infrastructure. The framework positions Hong Kong as a strategic hub for compliant digital finance. Regulatory Transformation and Market Dynamics Why Important: The passage of the GENIUS Act legitimizes dollar-backed stablecoins in…
Hedera (HBAR) just closed July with 85% gains, marking its strongest monthly performance of the year. However, August has not historically been kind to HBAR. Over the past five years, the token’s average August return is -3.26%, with a median of just 0.31%, making it one of the weaker months for the asset. The question…
A new analysis claims that 75% of investors who bought IBIT, BlackRock’s Bitcoin ETF, had never purchased any of the company’s products beforehand. Additionally, more than one-quarter of these buyers then bought another BlackRock ETF. These trends highlight IBIT’s ongoing relevance, even as the ETF market trended more towards Ethereum and increased interest in altcoins….
Ethereum marked its 10th anniversary on July 30. This was a major milestone that brought renewed momentum across its ecosystem during the month. The network’s native token, ETH, nearly doubled in value over the past two months, climbing from around $1,500 in April to a local peak of $3,800 in July. This rally coincided with…