Crypto

About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchanges took a chunk of the damage. Traders betting on SanDisk lost more to forced liquidations over the past 24 hours than traders betting on XRP — a sign of how much leverage on crypto exchanges now sits on chip stocks. About $803 million in leveraged positions were liquidated across.

Crypto

Blur will close its website on Nov. 12 after monthly trading fell from about $1.43 billion at its 2023 peak to under $7 million, ten days after sister project Blast announced its own shutdown. Blur, once the largest marketplace for trading Ethereum NFTs, is shutting down its website next month after trading activity collapsed more than 99% from its peak, marking the second major retreat in ten days for projects.

Crypto

Bitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday’s US CPI report. Bitcoin BTC$82,292.69 climbed back above $83,000 on Tuesday, shaking off an early drop as a sharp selloff in Asian chip stocks and U.S. tech futures weighed on risk appetite. The largest cryptocurrency by market value fell to just under $81,000 at.

Crypto

The Palantir UK chief said the U.S. is racing ahead on enterprise AI while Europe hesitates, and explained why he thinks the company faces intense political attacks. Palantir (PLTR) head of U.K. and Europe Louis Mosley warned that the region is making the same mistake with artificial intelligence (AI) that it made with the internet. Where the U.S. "got the internet right," built a score of businesses and became the.

Crypto

The Bitmine chairman said he expects younger investors to drive demand for digital assets as his ether treasury company inches closer to owning 5% of the total supply. Tom Lee, chairman of ether ETH$2,528.01 treasury firm Bitmine BMNR$24.03, said he sees a wave of inherited wealth flowing to younger investors as a potential driver of the next crypto bull market. Lee, a Wall Street veteran who also co-founded financial research.

Crypto

A planned Bermuda issuance would put legal ownership onchain and seek capital for disaster risks that remain costly to insure. Natural disasters caused $220 billion in economic losses last year. Insurance covered only $107 billion of that bill, according to Swiss Re, leaving households, businesses and governments to absorb the rest. Capital has continued to flow into catastrophe bonds. Catastrophe bonds, or cat bonds, let insurers pass the financial risk.