Author: Digicoinvision
Join Our Telegram channel to stay up to date on breaking news coverage A crypto whale who managed to pocket millions with what was a perfectly timed short ahead of the recent crypto flash crash has opened another bet against the market with 10X leverage. According to data from Hypurrscan, a whale trader with the address “0xb317” on the decentralized derivatives exchange Hyperliquid has opened a $163 million leveraged perpetual contract to short Bitcoin. Since opening the position, the trader has achieved an unrealized profit of more than $3 million. The trader entered the trade when Bitcoin was trading at…
Bhutan has migrated its national digital identity system to the Ethereum blockchain, marking a historic step toward decentralized public infrastructure. Summary Bhutan becomes the first country to anchor its national ID on Ethereum. The migration builds on its prior integrations with Polygon and Hyperledger Indy. Full transition expected by Q1 2026 under Bhutan’s Digital Drukyul program. Bhutan has begun migrating its National Digital Identity system to the Ethereum blockchain, becoming the world’s first nation to anchor a population-wide digital ID on a public network. The milestone was confirmed on Oct. 13 by Ethereum (ETH) Foundation President Aya Miyaguchi, who attended…
Cybersecurity nonprofit, Security Alliance, has released a new tool to help security researchers verify crypto phishing attacks, which led to more than $400 million stolen in the first half of this year.On Monday, the Security Alliance (SEAL) announced that it had been working on a new tool to enable “advanced users and security researchers” to join the fight against crypto phishing by verifying that a reported phishing website is malicious. Cybersecurity researchers often cannot see or replicate what users see when they encounter a potentially malicious link, as scammers have developed “cloaking features” to serve benign content to suspected web scanners,…
Ethereum is showing early signs of recovery after a dramatic sell-off on Friday that sent prices plunging to $3,450. The drop came amid what analysts describe as the largest liquidation event in crypto market history, wiping out billions in leveraged positions across major exchanges. While bulls briefly lost control during the panic, ETH has since begun to stabilize, with renewed buying interest emerging near key demand zones. Related Reading Onchain analyst Maartunn highlighted that leverage is once again building up on Ethereum, signaling that traders are returning to the market following the reset. According to his data, open interest on…
Join Our Telegram channel to stay up to date on breaking news coverage Crypto ETPs (exchange-traded products) recorded $3.17 billion inflows last week despite the broader market crash, and also notched their highest-ever trading volumes. In its latest weekly report, CoinShares said that the fresh China tariff threats from US President Donald Trump last week had very little impact on crypto ETPs, with the development only leading to “a paltry $159 million outflows.” That was even as the crypto market suffered $20 billion liquidations on Friday. The report comes after CoinShares head of research James Butterfill noted in an Oct.…
JPMorgan is looking to scale up its blockchain and crypto exposure and is now developing plans to offer cryptocurrency trading services, according to a company executive. Custodying crypto directly is currently off the table, however.Speaking on CNBC’s Squawk Box Europe on Monday, JPMorgan’s global head of markets and digital assets, Scott Lucas, was asked if the banking giant would follow competitors such as Citibank into custodying crypto for its clients. In response, Lucas explained that it’s not on the “horizon near-term” for the bank, but emphasized that it is looking to offer crypto trading services. “I think Jamie [Dimon] was pretty clear on…
Join Our Telegram channel to stay up to date on breaking news coverage The global non-fungible token sector is experiencing a comeback, marked by a spike in trading sale volume. In the past 24 hours, the global NFT market has raised a trading sales volume of $30 million, up over 43% from the previous day. This NFT resurgence is fueled by a mix of factors, including a broadening of use cases beyond just digital art, such as ticketing, gaming, and loyalty programs. Daily NFT Sales Jump +43% To $30M Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and…
Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum price soared 9% in the last 24 hours to trade at $4,175 as of 4:03 a.m. EST on trading volume that surged 29% to $56.6 billion. With the recent gain, the ETH price reclaimed the $4,100 level, bouncing back after the Oct. 10 flash crash that sent the token to as low as $3,686. The surge happened as retail investors rushed to buy the dip. Amid the surge, Steak ‘n Shake reversed course on a potential plan to accept Ether payments after several Bitcoiners balked…
Today in crypto, California enacted a new law setting guardrails on AI chatbots. Meanwhile, Hyperliquid CEO Jeff Yan and data firm CoinGlass warned that centralized exchanges may be underreporting liquidations. The US government entered its third week of shutdown, leaving decisions on 16 crypto ETFs in limbo.California governor signs laws establishing safeguards over AI chatbotsCalifornia Governor Gavin Newsom announced that the US state would establish regulatory safeguards for social media platforms and AI companion chatbots in an effort to protect children.In a Monday notice, the governor’s office said Newsom had signed several bills into law that will require platforms to…
Join Our Telegram channel to stay up to date on breaking news coverage The BNB price has soared 17% in the last 24 hours to trade at $1,356 as of 4:00 a.m. EST on a 74% increase in the daily trading volume to $11.89 billion. That price surge comes as Binance prepares to pay $283 million in compensation to users affected by the Oct. 10 flash crash that caused several assets including Ethena’s USDe stablecoin, BNSOL, and WBETH to depeg. Market data shows that USDE, BNSOL, and WBETH experienced severe depegging events on Binance early today. USDE plunged to as…