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While most cryptocurrency investors welcomed the market recovery following the potential end of the US government shutdown, some short sellers were caught off guard by the rebound.The crypto market recovery saw popular high-leverage trader James Wynn’s main Hyperliquid account liquidated multiple times during the past 24 hours, with his wallet’s value sinking to just $5,422, according to Hyperdash data.The unexpected recovery liquidated Wynn 12 times in the last 12 hours, resulting in 45 liquidations over the past two months, according to blockchain data platform Lookonchain.Before the crypto market recovery, Wynn was running multiple Bitcoin (BTC) leveraged short positions, which are…

Crypto trader the White Whale, who had offered to serve as an advisor to crypto exchange MEXC, has retracted his offer. This came as he highlighted a ‘structural rot’ within the exchange, which puts customers at risk of losing their coins.  Crypto Advisor Exposes ‘Structural Rot’ Within MEXC In an X post, the White Whale described the fake proof of reserves, arbitrary justifications for seizures, the lack of due process, and the ability to block users from their own records as the structural rot within the crypto exchange. He further remarked that MEXC remains a “rotten apple” as long as…

The prolonged bear market for Bitcoin treasury companies may be nearing its end. Veteran investor and short seller James Chanos revealed that his firm, Kynikos Associates, has closed its short position against MicroStrategy (MSTR) — the largest corporate holder of Bitcoin. Chanos announced the move on Sunday, explaining that his firm also unwound its long position on Bitcoin (BTC) at the start of trading on Friday. His decision marks a potential turning point for Bitcoin treasury stocks, which have seen significant losses in recent months. “The Bitcoin treasury company bear market is gradually coming to an end,” said Pierre Rochard,…

Acting Chair of the US Commodity Futures Trading Commission (CFTC) Caroline Pham is in talks with regulated US crypto exchanges to launch leveraged spot crypto products as early as next month.In a Sunday X post, Pham confirmed that she is pushing to allow leveraged spot crypto trading in the US and that she is in talks with regulated US crypto exchanges to launch leveraged crypto spot products next month.Pham also confirmed that she continued meeting with industry representatives despite the government shutdown. The regulator is also currently considering issuing guidance for leveraged spot crypto products.The news comes after the CFTC…

WLFI is by far the top performer in the past 24 hours. Bitcoin’s price went on a substantial run in the past 24 hours or so, surging from under $102,000 to a multi-day peak of over $106,500. Many altcoins have followed suit with even more impressive gains, including XRP, which has risen by 12% daily to reclaim the $2.50 level. BTC Above $106K The previous business week was quite painful for the primary cryptocurrency. The downfall began on Monday morning when it was rejected at $111,000 and pushed south to under $104,000. Although it bounced off initially to over…

Cryptocurrency investment products faced heightened selling pressure last week as crypto funds recorded a second consecutive week of outflows amid ongoing negative sentiment in the markets.Crypto exchange-traded products (ETPs) saw $1.17 billion in outflows last week, up around 70% from $360 million recorded the previous week, CoinShares reported Monday.CoinShares’ head of research, James Butterfill, attributed the sell-off to the ongoing negative crypto market trend following the Oct. 10 flash crash, along with uncertainty over a potential US interest rate cut in December.ETP trading volumes stayed elevated at $43 billion for the week, Butterfill said, noting a brief recovery on Thursday…

Analysts remain long-term bullish on Bitcoin.The end to the US federal shutdown is seen as a key catalyst for the next rally.Market watchers see more inbound positive macro events that will drive the price.On Monday morning, Bitcoin’s price rallied 5% to hit $106,000 on the back of the news that several Democrats are siding with the Republicans to end the US government shutdown.The end to the record-long federal government shutdown will be the “spark” that launches Bitcoin’s price back towards new all-time highs before year-end, according to David Brickell and Chris Mills, analysts at the London Crypto Club.“We continue to…

Victoria, Seychelles, November 10, 2025 – MEXC, a leading global cryptocurrency exchange, has launched its Limit Convert feature. Users can now execute asset conversions at preset prices, with the system automatically completing the conversion when conditions match the set price. This new feature helps users achieve more precise price control and improves capital efficiency.The new feature provides users with the following advantages:Precise price control: Users can set their preferred buy or sell price, and the system will automatically execute the conversion when the market reaches that level.Reduced emotional trading: Automated execution helps traders avoid impulsive decisions driven by short-term market…

FEDGPU, a global provider of intelligent cloud computing and Web3 infrastructure, announced the launch of a new AI cloud computing architecture for the digital finance and blockchain industries. This architecture aims to create a high-performance, transparent, and secure fintech ecosystem by combining artificial intelligence computing power with decentralized technology. The platform provides investors, institutions, and developers with verifiable, compliant, and low-barrier-to-entry cloud computing power services, accelerating the intelligent upgrade of the digital economy.AI-Driven New Computing Power Engine, Empowering Digital Financial InnovationThe FEDGPU cloud computing platform employs an advanced AI algorithm scheduling engine that can analyze task type, network load, and…

DUBAI, UAE, Nov. 7, 2025 /PRNewswire/ — Mantle, the high-performance distribution and liquidity layer for real-world assets (RWAs), together with Bybit and Backed, today announced its strategic collaboration to bring tokenized U.S. equities onchain through xStocks, enabling 24/7 access to leading global assets directly within the Mantle ecosystem.Through xStocks, users can gain exposure to tokenized versions of leading equities such as NVDAx, AAPLx, and MSTRx, seamlessly connecting traditional financial assets with the composability of decentralized finance. The collaboration combines Mantle’s scalable blockchain infrastructure, Bybit’s global exchange liquidity, and Backed’s regulated tokenization framework to deliver a fully onchain experience for traditional…