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Volatility in the crypto market has caused over $280 million in short liquidations over the past 24 hours.Ether positions saw almost $98 million in liquidated shorts after ETH surged over 22% in a day.
Analysts dramatically raised the odds of spot Ethereum ETF approvals yesterday amid signs of a 180 from the Securities and Exchange Commission.Last week’s Senate vote to overturn the SEC’s Staff Accounting Bulletin 121 could be behind a potential emerging alliance between Wall Street, crypto and Washington.
Open interest for ether futures on centralized exchanges has reached a new high — hitting $14 billion.The rise in open interest coincides with an 18% increase in the price of ether to $3650 in the last 24 hours.
- 16:17Trump's approval rating slips as Americans worry about economyU.S. President Donald Trump's approval rating has fallen slightly in recent days as more Americans worry about the direction of the U.S. economy and Trump threatens to impose tariffs on many countries, a Reuters/Ipsos poll found. The six-day poll ended on Tuesday with 44 per cent of respondents approving of the job Trump is doing, down from 45 per cent in the January 24-26 poll. The percentage of Americans who disapprove of the job President Trump is doing rose sharply in the latest poll, to 51 percent, compared to 41 percent when he first took office. Trump's immigration policies received relatively high approval ratings, with 47 percent of respondents supporting his policies, including a promise to increase deportations of illegal immigrants. That percentage is little changed from January. But the percentage of Americans who think the economy is on the wrong track rose to 53% from 43% in the latest survey. Public support for Trump's economic management fell to 39 percent from 43 percent previously.
- 15:51ANALYSIS: Whales bought about 430,000 ETH in the last 72 hoursAccording to crypto analyst Ali Martinez, who disclosed data on the X platform, whales have bought around 430,000 ETH in the last 72 hours.
- 15:50Hashdex Approved to Launch World's First XRP Spot ETF in BrazilThe Brazilian Securities Commission (CVM) has approved Hashdex to launch the world's first XRP-based spot exchange-traded fund in Brazil, HASHDEX NASDAQ XRP FUNDO DE ÍNDICE, which is currently in the pre-operational phase and managed by Genial Investimentos, with an official launch date yet to be announced.