Good Evening
Today’s Top Caps
BTC $101K (-1.6%)
ETH $3421 -(1.1%)
USDT $1
XRP $2.34 (-3.3%)
BNB $951 (-1.7%)
Source: Coingecko
Today's Top Gainers
SKY, CC, IP, ASTER, XAUT
Source: Coingecko 24HR Top100
Top ETF Tracker
BTC +524M, ETH -107M, SOL +8M
Source: Coinmarketcap / Coinglass
Today's Top Headlines
Crypto market liquidations cross $520M as BTC, ETH, XRP, SOL drop again.
The crypto market gave up all of its gains from Monday during U.S. trading hours on Tuesday, as over $400 million in long liquidations wiped out bullish momentum and dragged major tokens back into the red. Leading cryptocurrencies like Bitcoin, Ethereum, and Solana posted losses between 2-6%.
Source: Crypto.News
Crypto “Kill Switch” Exposed: Bybit Warns 16 Blockchains Can Freeze User Funds.
A new report from Bybit’s Lazarus Security Lab has revealed that 16 blockchain networks possess built-in mechanisms that can freeze or restrict user funds, questioning how decentralized they really are. The report, published on Tuesday, analyzed 166 blockchain networks using a combination of AI-driven detection and manual code review. It found that major chains, including Binance-backed BNB Chain, VeChain, Chiliz, Viction, and XinFin’s XDC Network, have hardcoded freezing functions, allowing developers or validators to halt transactions or lock specific wallets.
Source: Crypto News.com
Hyperliquid pauses deposits and withdrawals amid POPCAT trading scheme speculation.
Hyperliquid paused deposits and withdrawals on Wednesday morning. An onchain analyst speculated that the pause came after a trader took to Hyperliquid’s decentralized perpetuals exchange and tried to artificially prop up the price of the POPCAT memecoin.
Source: TheBlock
The first bank-issued USD deposit token, JPMD, is now available for institutional clients to use, running on base.
“From proof of concept to fully live.
J.P. Morgan’s USD deposit token, JPMD, is now available for institutional transfers on Base.
Moving money should take seconds, not days. Commercial banking is coming onchain.”
Source: Base X
UK Reform leader Nigel Farage promises to create a Bitcoin Reserve if elected Prime Minister.
"Bitcoin is scarce, secure and impossible to inflate away. Unlike paper money, Bitcoin cannot be printed into worthlessness."
Source: WatcherGuru X
Polymarket becomes Yahoo Finance’s exclusive prediction market partner.
Polymarket has partnered up with Yahoo Finance, less than a week after Google Finance said it would integrate prediction market data into its search results. Polymarket is now the exclusive prediction market partner for Yahoo Finance, the company announced on Wednesday in a post on X. The Yahoo Finance prediction markets hub will roll out in the coming months.
Source: Polymarket X
Bitwise’s Chainlink ETF makes DTCC debut as LINK price slips 5%.
Bitwise’s Chainlink ETF is now listed on the DTCC under the ticker CLNK. The listing is considered a positive indicator but does not guarantee SEC approval, which is delayed due to the ongoing government shutdown. LINK dropped 5% despite the news, trading at $15.52, indicating bearish market sentiment.
Source: Crypto.News
Until Next Time, Stay Frosty!
