Evgeny Gaevoy, CEO of @Wintermute, dismisses bankruptcy rumors in crypto, citing improved transparency. Major risks include futures liquidations and hacking, but exchanges manage margins better now. Legal issues deter concealment. #Update #Crypto
@Bithumb has recovered 99.7% of overpaid Bitcoin due to a promotional error, covering the remaining 1,788 BTC with company funds. Affected users will receive compensation and trading fees waived for seven days. #Update #Crypto $BTC
Ethereum ($ETH) drops 14% to $2,000 in a week, but bullish funding rates on BitMEX and Binance signal potential volatility. #Update #Crypto $ETH
South Korea’s @BithumbExchange mistakenly distributed $44 billion in $BTC to 695 users, recovering 99.7% within 35 minutes. No impact on trading. #Update #Crypto $BTC
@ARKInvest sold 134,472 shares of Coinbase for $22M while acquiring over 393,000 shares of crypto platform Bullish. #Update #Crypto $COIN $BULLISH
Polymarket’s parent company files trademarks for “POLY,” suggesting a potential native cryptocurrency launch, marking a strategic expansion in its business model. #Update #Crypto $POLY
@Bithumb has recovered 99.7% of overpaid Bitcoin, covering the remaining 1,788 BTC shortfall with company funds. Users affected will receive compensation and fee waivers. #Update #Crypto $BTC
XRP has hit oversold levels, with analyst Ripple Bull Winkle predicting a potential rebound above $2, following historical RSI patterns. #Update #Crypto $XRP
Tether invests in t-0 network to enhance USDT-based cross-border payments for financial institutions, aiming for near-instant international transfers. #Update #Crypto $USDT
Vietnam’s Ministry of Finance proposes a 0.1% personal income tax on crypto trades via licensed platforms, equating digital assets to stocks. #Update #Crypto
@Bullish CEO Tom Farley warns of impending “massive consolidation” in the crypto industry as companies realize they have products rather than sustainable businesses. #Update #Crypto
Peter Schiff warns Bitcoin rallies are traps, urging investors to ‘sell the rip’ before a potential bear market crash as optimism fades. #Update #Crypto $BTC
The new ERC-8004 standard on Ethereum enables decentralized AI agent interactions, enhancing trust and reputation systems. It anticipates increased use of autonomous agents. #Update #Crypto $ETH
Santiment reports increased “capitulation” mentions among crypto users, indicating the market bottom may have already occurred. #Update #Crypto
