Bitcoin Whipsaws on Hormuz Reversal as $593M in Shorts Get Liquidated
BTC briefly cleared $78,000 before fading back near $76,091, putting the $76K weekly-close level back in play.
BTC briefly cleared $78,000 before fading back near $76,091, putting the $76K weekly-close level back in play.
The court found the complaint failed to plead a Howey “common enterprise” and did not reach the profits-from-efforts prong.
Price is holding above the 200-day EMA, while traders key in on $1.40 support amid thinning participation.
Friday’s $663.9M intake capped a sharp reversal from Monday outflows as Brent slid about 10% to ~$85 on Hormuz reopening headlines.
The EDNY complaint targets SAFT fundraising and marketing claims the agency says were false and unsupported.
The Supreme Court has called the criminal-penalty framework premature ahead of a digital-rights law expected in July.
The proposal keeps STRC’s stated 11.5% rate unchanged, with voting ending June 8 and a July 15 first payment expected if approved.
The request revives focus on the 2023 oversight regime as Iran-sanctions exposure allegations resurface and Binance denies the claims.
Bitcoin futures open interest rose 13% in 24 hours as a $15.75M Hyperliquid short was wiped out.
Oil slid 13% to around $80 as crypto-linked equities jumped, led by ABTC up 21% and MSTR up 13%.
BTC reclaimed its 100-day moving average while MSTR gained about 8% and moved back above its 200-week trend gauge.
Brent fell about 10% to around $85, but the ceasefire framing expires April 22 and keeps headline risk in play.
CIO Jacky Tian targets a $30M tokenized-share raise by end-2026 as the fund aims for $250M and a 12% net return.
The operator-run design keeps liquidity access but gives Zone operators full visibility and suspension powers.
The platform will briefly reopen to let users delist NFTs, but management says it cannot bring trading back online.
The reading is the third-highest on record after a roughly 50% six-month BTC drawdown, reviving the bottom-versus-more-downside debate.
Prosecutors tied the $20 million scheme to fictional gold-and-art backing claims and bot-driven volume on a project-run exchange.
Elliptic traced the stolen USDT across Tron and Ethereum before swaps into TRX and ETH.
Proceeds target GPUs and data centers for AI/HPC, with a conditional TSX listing expected later this month.
He told lawmakers rulemaking will continue despite the agency operating as a one-person commission.