Author: James Wilson

After the recent ETH liquidation event, which caused $4 million loss to Hyperliquid’s Hyperliquidity Provider vault, the platform said it will increase the maximum leverage allowed for Bitcoin and Ethereum trading to prevent similar incidents in the future. In the said liquidation event, a whale had built a 50X leveraged long position on Ethereum (ETH) that reached 160,234 ETH. However, when the market moved against them, effectively causing liquidation, the user was still able to withdraw 17.09 million USD Coin (USDC), exiting in profit before the liquidation was executed on the Hyperliquid platform. The HLP vault, which is designed to…

The Bank of Russia has submitted proposals to the government to establish a regulated framework for cryptocurrency investments under a three-year experimental legal regime. The initiative, following directives from the Russian president, would permit a restricted group of investors to buy and sell digital currencies. Under the proposal, only “particularly qualified” investors — those with investments exceeding 100 million rubles in securities and deposits or an annual income above 50 million rubles — would be eligible.  Additionally, corporate-qualified investors and financial organizations meeting regulatory standards could participate. The central bank will introduce specific risk-based requirements for financial institutions investing in…

Pepe, the third-biggest meme coin, has been in freefall since December, but two chart patterns point to a strong rebound soon.  Pepe (PEPE) jumped to a record high of $0.00002833 in December before crashing by over 80% this month. This retreat has mirrored the performance of other meme coins, whose prices have dropped by double digits from their 2024 highs. Pepe price has formed a falling wedge and a double bottom Technicals suggest that Pepe may be on the verge of a strong bullish breakout in the coming days or weeks.  The daily chart shows that it has formed a…

Gemini crypto exchange plans to expand its USD trading support for institutional clients in the European Union. Gemini exchange has partnered with Liechtenstein-based Bank Frick to bring US dollar payment support for institutional clients in the UK and Switzerland, according to an announcement originally shared with Cointelegraph on March 12. This enabled institutions to deposit, withdraw, and trade directly in US dollars on the exchange, instead of having to convert to British pounds or Euros first. To enable instant deposits in dollars (even outside of normal banking hours), Gemini is using Bank Frick’s “xPulse” service. In the announcement shared with…

Frustrated Time.fun creator calls out Base’s X profile for promoting AI-made Grok token while ignoring their projects. Another day, another blockchain drama and this time featuring Time.fun’s creator 0xKawz, calling out layer-2 network Base for promoting a memecoin while ignoring months of work on their project. The dispute centers around Base’s X account, which recently promoted GrokCoin, a memecoin tied to Elon Musk‘s AI chatbot Grok, while giving no attention to Time.fun. icymi, @grok launched a token on Basethanks to @bankrbot and Clanker’s trading mechanisms, Grok’s AI-controlled wallet is already stacking fees ($200K+ and counting)why does it matter? AI is…

Video platform Rumble has acquired approximately 188 Bitcoin for $17.1 million, averaging $91,000 per coin. This purchase comes as part of its Bitcoin (BTC) treasury strategy. The company announced a plan to allocate up to $20 million to Bitcoin, emphasizing its desire to branch out into the cryptocurrency sector. CEO Chris Pavlovski spoke on Bitcoin’s role as a hedge against inflation and its alignment with Rumble’s broader crypto-focused strategy.  “These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” Pavlovski said. Rumble, known for…

California State Senator Ben Allen is eyeing further pro-crypto representation with an endorsement of Dom Bei for election to the board of California’s public pension fund. Bei is the founder of Proof of Workforce, a Bitcoin (BTC) non-profit focused on promoting BTC adoption via educational initiatives targeting workers, unions and pension funds. He is in the race to join the California Public Employees’ Retirement System, CalPERS, as a board member. Notably, CalPERS is the largest public pension fund in the United States with over $500 billion and serves more than 2 million public retirement system members. CalPERS manages the retirement…

Binance has received a $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in Binance’s history.  The investment was conducted entirely in unnamed stablecoins, which grants MGX a minority stake in Binance and signals the firm’s entry into the cryptocurrency and blockchain sectors.  MGX, known for its focus on AI and advanced technology, said the investment aligns with its strategy to support blockchain innovation and finance. “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance,” said Ahmed Yahia, Managing Director and CEO of MGX. “As institutional adoption accelerates, the need for…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Whales shift to Rollblock’s presale, fueling a 610% surge in just ten presale rounds. According to Ali Martinez, the Dogecoin price could reach $2 if it holds the $0.16 level. While DOGE faces this critical test, whales have been shifting their focus toward Rollblock’s presale, investing hundreds of thousands of dollars as momentum builds. Rollblock’s token has surged over 610% in just ten presale rounds, reflecting strong investor confidence. Currently priced at $0.061, the token’s impressive growth has been…

Indian police have arrested Aleksej Besciokov, co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the U.S. and the European Union for facilitating money laundering.  Besciokov, a Lithuanian national, was detained in Varkala, Kerala, under India’s extradition law, according to state police officials, TechCrunch and Brian Krebs reported.  The arrest occurred at 4 p.m. local time on Tuesday following an arrest warrant issued by the Patiala House Court in New Delhi.  Besciokov is expected to be transferred to the court on March 14. Indian authorities have not disclosed whether the arrest was directly linked to his indictment in the U.S.,…