Crypto liquidations hit $935M as Bitcoin price dips to $72.6K
Over $935 million was wiped out across the crypto market as traders shifted their focus to $70,000 as the last line of defense for Bitcoin....
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Bitcoin’s famous CME gaps are about to disappear, though three remain unresolved
CME Bitcoin futures now trade 24/7 on Globex, eliminating the famous weekend gap that traders exploited for years. The shift reduces institutional hedging friction but three unfilled gaps remain at $80,000, $78,500, and below $70,000. However, liquidity still concentrates in BlackRock's IBIT ETF options ($27-30 billion open interest) versus CME options ($800-900 million), signaling institutional preference for spot-linked derivatives over futures markets.
Crypto slides on Hormuz airstrikes as $897 million in long liquidations pile up
Bitcoin fell to April lows below $73,400 and Ether dropped below $2,000 after U.S. airstrikes in the Strait of Hormuz triggered inflation concerns and risk-off sentiment. Nearly $898 million in leveraged long positions liquidated in 24 hours. Ether's record open interest amid price weakness signals traders adding shorts. Eight billion in options expire Friday with bitcoin's max pain at $75,000.
White House reviews CFTC prediction-market rule as Trump backs federal control
The White House is reviewing a CFTC proposal to establish federal oversight of prediction-market platforms like Kalshi and Polymarket. Trump has backed CFTC exclusive authority over event contracts tied to elections and sports, countering state arguments that these function as illegal betting. The regulatory move signals a broader federal framework emerging after months of legal disputes over prediction markets.