After several consecutive days in the red, the SUI token is showing signs of recovery as a sharp price rebound renews bullish sentiment. SUI (SUI), the native token of the Sui layer-1 blockchain, has been on the rise in recent…

SUI posts double-digit gains as markets rebound, is $3 back in sight?

According to local sources, a pen drive confiscated from Mauricio Novelli, who 
is implicated in the Libra case, may contain information linking Argentine 
President Javier Milei to the token launch. These sources claim that a video 
allegedly showing Milei promoting Libra may have been deleted from the storage 
device. Video Containing Missing Link Between Milei […]

Deleted Files Might Provide Missing Link in Libra Case

Data shows the rebound in Bitcoin and other cryptocurrencies has punished the 
bears, triggering a massive wave of short liquidations. Crypto Sector Has Just 
Witnessed A Mass Liquidation Event According to data from CoinGlass, a large 
amount of liquidations have piled up on the cryptocurrency derivatives market. 
&#8220;Liquidation&#8221; refers to the forceful shutdown that any open contract has to go 
through if its losses exceed the threshold defined by its platform. Related 
Reading: This Bitcoin Zone Could Be Market’s Next True ‘Pivot,’ Says Glassnode 
Below is a table that shows the numbers related to the latest liquidations in 
the market. As displayed, the cryptocurrency sector has seen a derivatives 
flush of over half a billion dollars during the past day. Out of these, 73.7% 
of the liquidations, equivalent to $371 million, came from the short investors 
alone. The short-heavy mass liquidations have come as Bitcoin and company have 
rebounded following the news of a ceasefire between Israel and Iran. Earlier, 
US strikes on Iranian nuclear facilities had induced a crash in the market 
that ended up unleashing a flurry of long liquidations. This time, it seems 
the bears have been the ones caught out instead. As usual, Bitcoin and 
Ethereum have topped the list of liquidations, but interestingly, the latter 
($168 million) has managed to outweigh the former ($153 million), which is 
generally not the case. Ethereum observing a higher amount of liquidations 
could come down to the fact that its price has seen a larger jump during the 
past day (7% vs 3.5%). It could also be an indication of an elevated level of 
speculative interest in the cryptocurrency. Out of the altcoins, Solana and 
XRP have topped the charts with $29 million and $13 million in liquidations, 
respectively. Though clearly, these numbers are quite small compared to the 
figures of the top two titans, showcasing the sheer difference in capital 
involved. In some other news, Bitcoin taker buy volume has shot up on the 
cryptocurrency exchange Bybit, as an analyst has pointed out in a CryptoQuant 
Quicktake post. In the chart, the data of the Bitcoin Taker Buy Sell Ratio is 
shown. This metric measures the ratio between the taker buy and taker sell 
volumes for a given platform. Here, the exchange involved is Bybit. Related 
Reading: Bitcoin STHs Capitulate: 14,700 BTC Moved To Exchanges At Loss It 
would appear that the indicator has recently seen a sharp spike above the 1 
mark, a sign that long volume has started to sharply outpace the short one. 
According to the quant, spikes in the metric on Bybit have often preceded a 
surge in the BTC price. BTC Price Following the recovery run over the last 24 
hours, Bitcoin has returned to the $105,100 mark. Featured image from Dall-E, 
CryptoQuant.com, CoinGlass.com, chart from TradingView.com

Crypto Bears Rekt: $359M Gone As Bitcoin, Ethereum Rebound

Only five US senators out of the 11 typically on the digital assets 
subcommittee were available to ask questions about a potential market 
structure bill.

Many senators absent from ‘bipartisan’ crypto market structure hearing

Rising institutional interest in crypto may include the settlement sector, 
especially stablecoins, which have seen a 55.5% growth in market cap in one 
year.

FalconX joins Crypto.com as partner for Lynq institutional settlement network

Meliuz, previously known for its cashback operations, has become the largest 
holder of bitcoin in Latam, surpassing Mercado Libre. Meliuz Chairman Israel 
Salmen stated that with the latest purchase, the company now holds nearly 600 
BTC and aims to acquire more. Meliuz Blazes Past Mercado Libre to Become 
Largest Public Bitcoin Company in Latin America […]