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$470 Million in Crypto Liquidations Amid Bitcoin Pullback and Altcoin Surge
Bitcoin’s failure to surpass $100,000 on November 24 triggered $470 million in crypto liquidations, one of the largest events in six months. Data from CoinGlass revealed $352.6 million in long liquidations and $119.9 million in shorts, with altcoins bearing the brunt of losses.
Key Liquidation Figures:Bitcoin & Ether: $108.9M combined.
Dogecoin: $33.1M.
XRP: $27.6M.
Stellar (XLM): $21.6M.
This came as altcoins from the 2020-2021 bull cycle surged, with some like Stellar gaining up to 50%. Dogecoin hit a new ATH since M
BTC0,72%
SIX5,57%
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Ex-Girlfriend Accidentally Disposes of Hard Drive Containing $716M in Bitcoin
James Howells’ $716M Bitcoin loss due to a discarded hard drive has resurfaced as his ex-girlfriend, Halfina Eddy-Evans, revealed she had thrown it away at his request. Eddy-Evans stated she acted on Howells’ instructions to discard "unnecessary items" back in 2013, not knowing the hard drive contained 8,000 mined Bitcoin from 2009, now worth over $716 million.
Legal and Environmental Challenges:Howells has repeatedly requested permission from Newport City Council to excavate the landfill, which has been denied due t
BTC0,72%
REQ1,55%
NOT1,62%
OVER-0,14%
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What is BTC Dominance? An Essential Market Analysis Tool for Crypto Investors
BTC Dominance (BTCD) measures Bitcoin's market capitalization relative to the total crypto market cap. It indicates Bitcoin’s influence and popularity compared to altcoins. A higher BTCD signals Bitcoin's dominance, while a lower ratio suggests increased interest in altcoins.
Key Points:Historical Trends: BTCD started at 100% in 2009, declined with the rise of altcoins, and fluctuated over time due to market dynamics like DeFi and NFT booms.
Market Insight: High BTCD reflects a defensive market leaning towards Bitcoi
BTC0,72%
OVER-0,14%
DEFI-0,98%
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Bitcoin Reserve Won’t Solve US Debt Crisis, Says Think Tank Co-Founder
Avik Roy, president of the Foundation for Research on Equal Opportunity, has criticized Senator Cynthia Lummis’ claim that a strategic Bitcoin reserve could eliminate the U.S. federal debt, calling it an overstatement. Speaking at the North American Blockchain Summit 2024, Roy emphasized that while Bitcoin reserves could help mitigate pressure in the bond market and potentially stabilize the U.S. dollar, they would not address the country’s $35 trillion debt or its $2 trillion annual deficits.
Lummis’ proposal, introduced i
BTC0,72%
BOND65,12%
NOT1,62%
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What is Story Protocol? A Layer-1 Platform for Intellectual Property Management
Story Protocol, a blockchain built on the Cosmos SDK, aims to revolutionize how we manage and monetize intellectual property (IP) in the digital era. It offers creators tools to register, verify, license, and monetize their IP transparently and efficiently.
Key Features:
Proof of Creativity: Ensures IP ownership via blockchain, creating IP NFTs and linked accounts for transparency and dispute prevention.
Programmable IP License: Automates customizable licensing terms, reducing costs and ensuring transparency.
Modul
ATOM5,47%
VIA29,39%
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Magic Eden: The Leading NFT Marketplace on Solana
Magic Eden is a decentralized NFT marketplace launched in 2019 on the Solana blockchain. It offers users an efficient platform to mint, trade, and engage with NFTs, leveraging Solana's high-speed transactions and low fees.
Key Features:Community and Ecosystem: Supports over 22M monthly visitors, 8,000+ NFT collections, and $1.9B in secondary trading volume.
Multi-Chain Support: Initially built on Solana, Magic Eden now supports Ethereum and Polygon, expanding its NFT ecosystem.
Magic Tickets: Governance NFTs enabling user participation in platf
MAGIC0,72%
EDEN3,85%
SOL2,37%
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Berachain: The Unique Layer 1 Blockchain from Bong Bears
Berachain is a Layer 1 blockchain developed from the Bong Bears NFT collection. Built on Cosmos SDK, it uses Tendermint and BFT consensus mechanisms, making it compatible with Ethereum. The project’s standout feature is its Proof of Liquidity (PoL) consensus, allowing users to stake various tokens (e.g., wETH, wBTC) to enhance liquidity and prevent Sybil attacks.
Core Features of Berachain:Polaris EVM: Supports Ethereum-compatible DeFi applications on Berachain.
CometBFT: Ensures secure and consistent transaction ordering across nodes.
T
ATOM5,47%
ETH2,47%
POL4,13%
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Biggest Investor Fear in Pre-Market and How Unich Solves It with Cashout Order
Pre-market trading allows early access to tokens, offering investors prime positioning. However, many platforms require locked collateral, limiting flexibility and risking asset lock-up if token launches delay.
Unich's Solution with Cashout Order:Unich Pre-Market OTC minimizes these risks by requiring only 50% collateral (not 100%) and offering the Cashout Order function. This feature lets users exit positions anytime by swapping with other users, allowing them to reclaim funds if an investment is no longer appealin
ORDER1,97%
PRIME5,56%
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