Tag: Beijing

Hyperliquid experienced approximately $10 billion in forced liquidations during a recent market crash, the highest among all platforms.

By coinspy Key Points The exchange defended its actions as necessary to preserve solvency and prevent bad debt, emphasizing full on-chain transparency. Critics, including Crypto.com CEO Kris Marszalek, called for regulatory scrutiny of exchanges with unusually high liquidation volumes. Hyperliquid’s CEO Jeff Yan argued that other platforms underreport liquidations due to limited data sharing, suggesting […]

China Considers Yuan-Pegged Stablecoins to Boost Global Influence

By Emir Abyazov   Key highlights: China may allow yuan-pegged stablecoins to boost its global currency influence. Conflux has already launched a CNH-backed stablecoin for cross-border payments. Policy shift challenges dollar dominance amid growing global stablecoin adoption. China is reportedly considering allowing stablecoins pegged to the yuan for the first time, signaling a major reversal […]

Why Bitcoin Is Up Today: Markets React to $3B Cantor BTC Venture, U.S.-China Optimism, and Fed Stability

By Marco Piccolo Bitcoin is enjoying a remarkable rally this week, fueled by a series of powerful macroeconomic and institutional catalysts. The world’s largest cryptocurrency by market capitalization hit as high as $94,400 as investor sentiment soared on the back of positive developments across the financial and geopolitical landscape. Trade Crypto on Kraken Cantor Fitzgerald’s […]