liquidation


Markets

Bitcoin Surge Blasts $170M in Bearish Shorts as BTC Price Targets $48K

Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday.

Arbitrage trade opens up on TX (Alexander Grey/Unsplash)

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Bitcoin Traders Move Past $1B Liquidation Event

Market intelligence platform Santiment notes that bitcoin's (BTC) price flirted with $26,800 in the past 24-hours, as large holders are returning to the market. The comes a week after $1 billion worth of crypto futures were liquidated after a sudden sell-off that hit trading volumes and the broader market recovery. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Finance

Algorand Foundation Among Creditors Opposing Restructuring of Troubled Crypto Exchange Hodlnaut

The Algorand Foundation declared $35 million in exposure to the lender in September.

(Sasun Bughdary/Unsplash)

Policy

Gibraltar Court Orders Crypto Wallet Freezes as Investigators Probe Failed Trader Globix: FT

The court has ordered Binance, Crypto.com, Bitstamp and Kraken to freeze wallets or identify owners linked to the collapsed crypto trader.

Gibraltar-based Globix is trying to recover crypto funds in liquidation proceedings. (lutz/Pixabay)

Policy

Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin

The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.

Oklahoma's new laws protect Oklahomans’ right to self-custody their crypto and prevent the state and local governments from banning crypto mining (Unsplash)

Policy

British Virgin Islands Court Orders 3AC Founders to Attend Examination on May 22

The Three Arrows Capital founders will be found in contempt of court if they fail to reply to the order.

Kyle Davies (left) and Su Zhu (middle). (Kyle Davies/X)

Finance

Crypto Trading Firm Auros Secures $17M Investment as It Recovers From FTX Woes

Auros, the trading firm that lost $20 million in FTX’s implosion, was released from provisional liquidation by a British Virgin Island court after major debt restructuring and the investment led by TradFi trading firm Vivienne Court and bitcoin miner Bit Digital.

(Leon Neal/Getty Images)

Videos

Silicon Valley Bank Closed by State Regulators

Silicon Valley Bank was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. The bank’s closure follows fast on the heels of competitor Silvergate’s voluntary liquidation earlier this week. "The Hash" panel discusses what this means for the crypto sector, as CoinDesk research shows that Blockchain Capital, Castle Island Ventures, Dragonfly and Pantera all had relationships with the bank.

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Silvergate Bank's Collapse Explained

Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campell joins “All About Bitcoin” to discuss the circumstances that caused the collapse of Silvergate Bank and what the liquidation process means for its customers. Plus, insights on how Signature Bank may be impacted by the fallout of its biggest competitor.

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What Silvergate Bank’s Voluntary Liquidation Means for Rival Signature Bank

CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the impact of Silvergate Bank’s collapse on Signature Bank, another crypto-friendly bank in the space. This comes as Coinbase recently said it would no longer use Silvergate to facilitate dollar payments for its institutional customers and will now use Signature Bank for payments.

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