Crypto bears got it wrong again, losing $300 million in liquidations
Bitcoin surged to $80,594, triggering $301.93 million in short liquidations across crypto markets. Bears faced forced unwinding as the move caught leveraged positions off-guard, marking the second major squeeze in two weeks. Ethereum, altcoins rallied alongside spot ETF inflows. RWA tokens led gains following CLARITY Act regulatory clarity. Funding rates turning positive signal sustained bullish momentum.
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Iran missile report sends bitcoin back to $79,000, with ETH, SOL, DOGE sharply lower
Bitcoin retreated to $79,000 after Iran's Fars news agency claimed missile strikes on a U.S. warship near the Strait of Hormuz, though Washington denied the report. Oil spiked 5% before paring gains. Ether, Solana, and Dogecoin fell sharply from intraday highs but remained positive on the day. Senate's stablecoin compromise provided earlier support, but geopolitical tensions now weigh on risk sentiment across crypto markets.
Laywer pops up on Arbitrum DAO forums seeking funds for victims of decades-old North Korean terrorist acts
Families of North Korean terrorism victims served Arbitrum DAO a restraining notice, claiming 30,765 ETH frozen after the rsETH exploit belongs to North Korea via alleged Lazarus Group links. The move blocks fund release for DeFi victims, citing $877 million in unpaid judgments against Pyongyang. Arbitrum delegates face choosing between compensating recent hacking victims or satisfying decades-old terrorism claims.