According to the data, the volume of leveraged positions at $BTC has reached an all-time high.
Never before in the history of crypto trading have traders utilized such a massive amount of borrowed funds.
And as we know, the more leverage in the market, the longer the potential liquidation cascade can be. It might be wise to expect a strong impulse coming soon.
🇮🇷 Arkham has managed to identify a network of wallets belonging to the Central Bank of Iran (CBI)
This comes right after Tether froze $344 million in USDT stablecoins. The funds were locked due to their connection with large-scale schemes evading international sanctions.
🌀 Coinbase has added support for #Solana for crypto-backed loans amidst a surge in loan issuance exceeding $2.3 billion $SOL The exchange has expanded its on-chain crypto-backed lending product by adding Solana as collateral. Now users can borrow up to $100,000 against their SOL.
The total volume of crypto-backed loans issued by Coinbase has surpassed $2.3 billion. Of this, approximately $2.17 billion was backed by $BTC , while around $110 million was backed by ETH.
The unrealized losses volume for long-term BTC holders during the current correction is very low compared to the size of the losses that formed the bottom in previous cycles — data from Glassnode $BTC
TRON has surged by 26% over the last 3 months, but the level of FUD and crowd skepticism in the TRX token rally is still running high. Many long-term holders are genuinely hesitant to dive into $TRX due to the ongoing accusations against Justin Sun for manipulation, constant lawsuits, and increased regulatory scrutiny — Santiment
Avalanche is increasingly being positioned as a blockchain infrastructure for institutions transitioning to blockchain. $AVAX J.P. Morgan, Apollo, Citi, KKR, Broadridge, Intain, Progmat, and Lynq are among the companies leveraging Avalanche for asset management, settlements, tokenization, and structured finance.
🪙 Solana is rolling out a major update Alpenglow$SOL
The Solana devs at Anza have announced the launch of the Alpenglow update on a community-built testnet. This upgrade transitions the blockchain from its current consensus mechanism to a new architecture aimed at drastically reducing transaction finality times and boosting network responsiveness.
Alpenglow is touted as the biggest overhaul of the Solana core protocol to date. During validator testing, the price of SOL surged over 15% in just 24 hours, outpacing all top-10 cryptocurrencies by market cap during that period.