The high-leverage trader said he was “all-in,” betting on a Bitcoin decline below $92,000 despite the optimism surrounding the end of the 40-day US government shutdown. While most cryptocurrency investors welcomed the market recovery following the potential end of the US government shutdown, some short sellers were caught off guard by the rebound. The crypto market recovery saw popular high-leverage trader James Wynn’s main Hyperliquid account liquidated multiple times during the past 24 hours, with his wallet’s value sinking to just $5,422, according to Hyperdash data. The unexpected recovery liquidated Wynn 12 times in the last 12 hours, resulting in 45 liquidations over the past two months, according to blockchain data platform Lookonchain. Read more
After two consecutive weeks of outflows totaling $1.5 billion, assets under management in crypto ETPs fell to $207.5 billion, the lowest level since mid-July. Cryptocurrency investment products faced heightened selling pressure last week as crypto funds recorded a second consecutive week of outflows amid ongoing negative sentiment in the markets. Crypto exchange-traded products (ETPs) saw $1.17 billion in outflows last week, up around 70% from $360 million recorded the previous week, CoinShares reported Monday. CoinShares’ head of research, James Butterfill, attributed the sell-off to the ongoing negative crypto market trend following the Oct. 10 flash crash, along with uncertainty over a potential US interest rate cut in December. Read more
Interim CFTC chief Caroline Pham confirmed plans to greenlight leveraged spot crypto trading in the US as early as next month following talks with regulated exchanges. Acting Chair of the US Commodity Futures Trading Commission (CFTC) Caroline Pham is in talks with regulated US crypto exchanges to launch leveraged spot crypto products as early as next month. In a Sunday X post, Pham confirmed that she is pushing to allow leveraged spot crypto trading in the US and that she is in talks with regulated US crypto exchanges to launch leveraged crypto spot products next month. Pham also confirmed that she continued meeting with industry representatives despite the government shutdown. The regulator is also currently considering issuing guidance for leveraged spot crypto products. Read more
The Bank of England invites feedback on its proposed stablecoin framework, with the aim of finalizing the rules in the second half of 2026. The United Kingdom’s central bank is moving toward stablecoin regulation by publishing a consultation paper proposing a regulatory framework for the asset class. The Bank of England (BoE) on Monday released a proposed regulatory regime for sterling-denominated “systemic stablecoins,” or tokens it said are widely used in payments and therefore potentially pose risks to the UK financial stability. Under the proposal, the central bank would require stablecoin issuers to back at least 40% of their liabilities with unremunerated deposits at the BoE, while allowing up to 60% in short-term UK government debt. Read more
The reopening of the US government could fuel Bitcoin price recovery, as exchange order-book liquidity placed $112,000 on top of the list for bulls. Key takeaways: Bitcoin price rebounded as traders expected the US government shutdown to end this week. Bitcoin market analysis sees a squeeze toward $112,000 after a bullish weekly close. Read more
Bitcoin made major gains on the back of the US government potentially ending its shutdown, while planning to give many Americans a $2,000 tariff “dividend.” Bitcoin (BTC) storms back above $106,000 to start the week as US government reopening excitement takes over. Bitcoin joins risk assets in rebounding amid hopes that the US government will end its record shutdown this week. US inflation data could also return, providing key insight into future Fed policy. Read more
Bitcoin and gold often display a recurring pattern during the Christmas rally. Their movements are shaped by Federal Reserve policy, inflation trends and overall market liquidity. The Christmas rally, also known as the “Santa Claus rally,” refers to a recurring pattern in which crypto markets tend to rise during the final weeks of December and early January. Several factors contribute to this trend, including improved investor sentiment during the festive season and year-end portfolio adjustments as traders and institutions rebalance their holdings. Lower liquidity during the holidays can also amplify price movements, adding to the rally’s momentum. Around Christmas, crypto investors often behave differently than they do throughout the rest of the year. Read more