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Ark Invest offloaded another 70,616 Coinbase shares on Tuesday — worth $15.1 million — as the investment firm continues to rebalance its fund weightings.Ark’s latest COIN sales are the most significant since April 11, when the investment firm offloaded $20.4 million worth of the stock.
Bitcoin long liquidations have spiked above $30 million in the past 24 hours.Bitcoin’s price has dipped over 3% during this time, currently trading at $62,300.
Bitcoin may be preparing for trend continuation, but on short timeframes, BTC price behavior is inspiring no one.
The total crypto market cap has lost almost $100 billion daily and $150 billion since Monday.
While every other spot bitcoin ETF had inflows or no flows, GBTC’s significant outflows overpowered the market.
Quick Take Vitalik Buterin and co-authors proposed EIP-7702 as an alternative to EIP-3074 to refine Ethereum’s account abstraction. It lets EOAs temporarily act as smart contract wallets during a transaction and revert to their original state afterward.
A 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application.
- 11:05A whale on Hyperliquid has made over 16 million USD in floating profit by shorting ETH at 50 times leverageAccording to HypurrScan monitoring, a certain whale opened an Ethereum short position on Hyperliquid in January with 50 times leverage, and has now made a floating profit of about 16.52 million US dollars. If Ethereum rises to 4646 US dollars, its corresponding position will be liquidated.
- 10:56US Treasury Secretary: Cryptocurrency economy will continue to existUS Treasury Secretary Scott Bessent said in an interview with FOX Business: "The spirit of cryptocurrency is about freedom, and the cryptocurrency economy will continue to exist."
- 10:07The total number of Ordinals inscriptions cast has exceeded 76 million piecesDune data shows that the total amount of Bitcoin NFT protocol Ordinals inscriptions minted has exceeded 76 million, reaching 76,573,851. The cumulative fee income from Ordinals inscription minting has reached 6,986.8894 BTC, worth approximately $724,620,762.