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Crypto traders lose $1.6 billion as sector shows signs of ‘bearish exhaustion’
Yahoo Finance· 2025-09-22 16:17
Core Insights - The cryptocurrency market experienced a significant downturn, with $1.62 billion in bullish bets lost in 24 hours, leading to Bitcoin dropping 2.3% to below $113,000 and Ethereum falling nearly 7% to just under $4,200, resulting in a total market capitalization decline of almost 4% to about $3.9 trillion [1][2]. Market Dynamics - The decline in crypto prices is attributed to the unwinding of leverage following the Federal Reserve's rate decision, compounded by historically lower trading volumes over the weekend, which exacerbated the market decline [2]. - Despite the downturn in cryptocurrencies, the S&P 500 saw a slight increase of 0.15% on the same day, indicating a divergence between stock and crypto market performance [2]. Market Sentiment - A tone of bearish exhaustion is emerging in the crypto markets, highlighted by Bitcoin's drop below its 50-day moving average of approximately $115,000, signaling potential fatigue among traders [3]. - Bitcoin's recent price movements follow a month of low volatility, even as the stock market reached record highs amid anticipated rate cuts from the Federal Reserve [4]. Price Trends - Following the Fed's rate cut, Bitcoin initially surged to nearly $118,000 but subsequently fell over the weekend, indicating volatility and uncertainty in the crypto market [5]. - The stagnation in Bitcoin's price is also linked to the rise of Bitcoin digital asset treasury companies, which may create skepticism about the sustainability of market optimism regarding their purchasing power [6].
CEO who bought Ferrari, Versace, luxury homes pleads guilty to $200M Bitcoin scam
Yahoo Finance· 2025-09-20 13:30
Core Viewpoint - Ramil Palafox, CEO of Praetorian Group International (PGI), pled guilty to wire fraud and money laundering, operating a Ponzi scheme that defrauded over 90,000 investors, resulting in significant financial losses [1][4]. Group 1: Company Operations - PGI claimed to conduct Bitcoin trading and promised daily returns of 0.5%-3%, which were unsustainable given the firm's modest operations [2]. - The firm misled investors through a fraudulent website that falsely indicated their investments were growing during 2020-21 [3]. Group 2: Financial Impact - More than $201 million was invested in PGI from December 2019 to October 2021, with investors losing at least $62.6 million due to the scam [4]. - Palafox misappropriated funds for personal luxury expenditures, including approximately $3 million on luxury vehicles and over $6 million on homes [6]. Group 3: Legal Consequences - Palafox faces a potential sentence of up to 40 years in prison and is required to pay restitution of $62.6 million as part of his plea agreement [8].
杜兰特找回比特币帐号密码!9年前650美金购入 如今价值狂飙180倍
Sou Hu Cai Jing· 2025-09-20 01:26
Core Insights - NBA star Kevin Durant has regained access to his Bitcoin account, which he initially purchased in 2016 for $650, and its current value has surged to $117,000, representing an investment return of approximately 18,600% [1][6]. Group 1 - Durant's agent, Rich Kleiman, revealed that he assisted Durant in purchasing Bitcoin in 2015, but they forgot the account password, leaving the Bitcoin untouched until now [3]. - The Bitcoin price has increased dramatically from $650 in 2016 to $117,000, marking a rise of 180 times [6]. - Kleiman expressed that despite the challenges of recovering the password, the current price surge is beneficial, and they remain optimistic about eventually accessing the funds [3].
Myriad Moves: Odds Rise on XRP All-Time High, Plummet on Bitcoin Dominance
Yahoo Finance· 2025-09-18 17:35
Group 1: XRP Market Predictions - The market is currently predicting a potential price movement for XRP, with a 60% chance of reaching $4 and a 40% chance of dipping to $2 [2][4] - Recent favorable headlines, including the launch of the first ETF with exposure to spot XRP, have contributed to a more optimistic outlook for the asset [3] - XRP has seen a modest price gain of 3.6% over the last month, currently trading at $3.12, which supports predictions of a rise to $4 [3] Group 2: Bitcoin Dominance Predictions - Predictors are currently favoring a decrease in Bitcoin's dominance to 53%, rather than an increase to 63%, indicating potential gains in altcoins [5][7] - Bitcoin dominance measures the percentage of the total crypto market cap that belongs to Bitcoin, and a drop in this percentage suggests gains in other cryptocurrencies [6] - A significant shift in predictions occurred recently, with a 6% change in favor of the drop in dominance within the last 24 hours, influenced by new SEC listing requirements for crypto ETFs [7]
加密平台 Bullish 第二季度财报超出华尔街预期
Xin Lang Cai Jing· 2025-09-18 00:22
Core Insights - Bullish (BLSH) reported its first quarterly earnings post-IPO, with Q2 earnings per share at $0.93, significantly exceeding market expectations of $0.03 [1] - Adjusted revenue for the company in Q2 was $57 million, slightly below the market forecast of $60.7 million [1] - The trading volume for the company in Q2 reached $179.6 billion, showing substantial growth compared to the same period last year [1] - The company anticipates that adjusted EBITDA for Q3 will rise to between $25 million and $28 million, a considerable increase from Q2's $8.1 million [1]
Australian Investors Drive Growth as Crown Point Capital Reports Record Client Engagement in 2025
Globenewswire· 2025-09-15 16:00
Core Insights - Crown Point Capital has achieved record levels of client engagement in 2025, primarily driven by increased interest from the Australian market [1][12] - The company's strategic expansion into Australia has positioned it as a key player in meeting the needs of both retail and professional investors seeking reliable digital asset exposure [1][3] Australian Market Performance - The past year has seen a significant increase in digital asset adoption in Australia, with investors favoring platforms that offer efficiency, transparency, and advanced trading infrastructure [3] - Crown Point Capital has reported substantial growth in trading volumes, user registrations, and overall platform engagement, indicating strong demand for structured crypto opportunities among Australian investors [4] Technology and Client Engagement - The company's investment in technology supports complex trading strategies while remaining accessible to new users, featuring proprietary analytics, robust security, and adaptive algorithms [5] - Positive reviews highlight the platform's ability to manage volatility effectively, ensuring execution speed and reliability, which are crucial in a fast-paced market [6] Regional and Global Impact - The engagement strategy in Australia has not only expanded the user base but also enhanced liquidity across global operations, benefiting traders worldwide [7] - The integration of Australian traders into the global ecosystem has created more opportunities for both local and international participants [8] Risk Management Focus - Crown Point Capital emphasizes risk management as a fundamental aspect of its offering, integrating advanced tools that allow users to adopt a structured trading approach [9] - These risk management features resonate with Australian investors, enhancing their confidence in exploring digital asset strategies [10] Future Growth Outlook - The company anticipates further expansion in Australia and the Asia-Pacific region, supported by robust technology and localized strategies [11] - With record engagement levels in 2025, Crown Point Capital expects continued momentum as awareness of digital assets grows [12]
Ethereum Price Under Pressure Amid Strong Profit Booking, What’s Next?
Yahoo Finance· 2025-09-15 11:59
Market Overview - Ethereum price is currently facing significant selling pressure, correcting over 3% to $4,500 levels amid strong profit booking and a broader crypto market selloff [1][2] - Historically, September has been a weak month for Ethereum, with a median return of negative 12.47% since its launch [1] Profit Booking and Market Metrics - The recent price correction follows a decline in the percentage of total ETH supply in profit, which dropped from 99.68% to 98.14% [2] - Historical data indicates that such peaks in profit supply have often been followed by corrections, as seen when profit supply hit 99.88% on August 22, leading to a 9% price drop [3] Trading Volume and Liquidations - The 3% drop in Ethereum's price coincided with a 29% increase in daily trading volume, reaching $36.65 billion, and 24-hour liquidations surged to $108 million, primarily in long positions [4] Support and Resistance Levels - Analysts suggest that as long as Ethereum holds above the $4,500 support, downside risks remain limited, with key resistance identified in the $4,800-$4,880 range [5] - The $4,200-$4,400 range is highlighted as a solid support base, which continues to absorb dips and protect against deeper declines [6]
BlockchainFX Raises $7.24M in Presale as First Multi-Asset Super App Connecting Crypto, Stocks, and Forex Goes Live in Beta
Yahoo Finance· 2025-09-12 16:57
Core Insights - BlockchainFX, a decentralized multi-asset trading platform, has successfully raised $7,242,807.43 in its presale from over 9,021 participants, with the presale price set at $0.023 and a confirmed launch price of $0.05 [1][2] Presale Performance - The presale has achieved 96.57% of its soft cap, with contributions totaling $7,242,807.43 and participation from more than 9,021 individuals [2] - Tokens are available for purchase using various cryptocurrencies including ETH, USDT, BTC, BNB, XRP, ADA, DOGE, and LTC, as well as card payments via Visa, Apple Pay, and Google Pay [2] Contribution Tiers and Incentives - Contribution tiers range from $1,000 for the Novice level to $100,000 for the Legend tier, offering rewards such as NFTs, limited-edition Visa cards, bonus allocations of up to 80%, and trading credits valued up to $25,000 [3] - A $500,000 giveaway and a Biggest Buy-In Competition with a $100,000 prize pool for the top ten contributors are ongoing until the presale concludes [3] Token Model and Community Incentives - The $BFX token features a deflationary model that redistributes 70% of trading fees to the community, with 50% funding staking pools and 20% supporting daily buybacks, half of which are permanently burned [4] - Daily rewards are capped at $25,000 USDT and distributed weekly every Monday [4] Token Supply and Distribution - The total supply of $BFX is 3.5 billion tokens, issued under the ERC-20 standard, with tokens purchased in the presale to be distributed via airdrop after the presale ends [5] Presale Participation Process - To participate in the presale, users must connect a decentralized wallet such as MetaMask, Trust Wallet, or Coinbase Wallet, and can choose between crypto or card payment options [6] - An exclusive 30% bonus is available with the code BULL30, along with referral rewards, and presale allocations will appear in the user's dashboard where staking rewards begin accruing immediately [6]
Bitcoin Holds Near $114K as US Inflation Rises to 2.9%
Yahoo Finance· 2025-09-11 13:45
Group 1: Bitcoin Market Reaction - Bitcoin price remained stable around $114,000 as ETF flows reached an 8-week high, with a slight gain of 0.3% in the past day [1] - The consumer price index (CPI) data indicated a 0.4% inflation rise in August, surpassing the 0.2% increase in July [1][2] - Analysts at QCP Capital suggested that any volatility from the CPI data will be short-lived, noting that the Producer Price Index (PPI) generally leads CPI by 3-6 months [5] Group 2: Federal Reserve Expectations - Inflation over the past 12 months has risen to 2.9%, moving away from the Federal Reserve's 2% target, but hopes for a rate cut remain [2] - Following the CPI release, the percentage of investors expecting a 50 basis point cut in September decreased from 12% to 9% [3] - A prediction market indicated that 84% of users expect a 25 basis point cut, while 12% anticipate a 50 basis point cut [4] Group 3: Market Indicators - The U.S. Dollar Index (DXY) briefly touched 97.66 before recovering to 97.80, indicating fluctuations in response to economic data [6] - The European Central Bank decided to hold interest rates steady, contrasting with the Federal Reserve's upcoming decisions [6]
Upexi, Inc. Announces Strategic Investment in Alpha Exchange
Globenewswire· 2025-08-28 12:00
Core Insights - Upexi, Inc. has made a strategic investment in Cybersyn Holdings, LLC, acquiring a royalty interest in Alpha Exchange revenues, a cryptocurrency trading platform set to launch in Q4 2025 [1][3] Investment Details - Upexi will invest an initial $750,000 for a 14.9% royalty on future gross revenues from Alpha Exchange [3] - Additional investments of $250,000 will be made upon reaching 10,000 active users, increasing Upexi's royalty interest to 19.9%, and another $250,000 upon reaching 25,000 active users [3] - Upexi has the option to maintain the 19.9% royalty or convert part of it into a 9.99% equity stake in Alpha Exchange [3] Platform Features - Alpha Exchange will utilize AI-driven trading insights, real-time analytics, and institutional-grade security, focusing on emerging and mid-cap tokens on Solana and Base [2] - The platform aims to serve underserved market segments while fostering user engagement and education [2] Company Vision - Upexi's CEO, Allan Marshall, emphasized the alignment of this investment with the company's vision of leveraging innovative technologies to enhance shareholder value [3]