Bitcoin Faces Renewed Pressure as Prominent Whale Opens New Short Positions
TL;DR: Whale tied to Garrett Jin sold over 5,200 BTC and opened new shorts on Hyperliquid. BTC fell below $108,000, triggering fear and renewed selling pressure.
Latest news from: Nicholet R.
Nicholet R.
Passionate writer and blockchain enthusiast, she covers the latest developments in the cryptocurrency world with clarity and depth. At Crypto Economy, she focuses on delivering accurate, engaging, and accessible content for readers eager to stay informed about Bitcoin, DeFi, NFTs, and the constantly evolving crypto ecosystem.
FalconX Targets 21Shares Acquisition to Expand Crypto ETF Offerings
TL;DR: FalconX plans to acquire 21Shares, merging brokerage strength with ETF management to expand institutional access. The deal unlocks regulated product distribution across Europe and the
Prediction Market Platform Limitless Announces $LMTS Token Distribution
TL;DR: Limitless removes liquidations and margin calls, letting users trade on outcomes with defined risk. Powers staking, rewards, challenges, and buybacks, reinforcing the ecosystem and reducing
Argo Blockchain to Transfer Control to Lender Growler Mining in $7.5M Restructuring
TL;DR: Growler Mining will convert $7.5M in loans into equity, gaining 87.5% ownership of Argo Blockchain. Existing shareholders keep 2.5%, unsecured bondholders 10%, reflecting the miner’s
Tether Just Hit 500 Million Users — Paolo Ardoino Calls It ‘The Biggest Financial Inclusion in History’
TL;DR: Tether surpassed 500 million users, which CEO Paolo Ardoino called “the biggest financial inclusion in history.” Its USDT supply nears $182 billion, far exceeding Circle’s
Crypto.com Adds USDT and USDC Support via Polkadot Asset Hub to Reduce Transfer Costs
TL;DR: Crypto.com now supports USDT and USDC via Polkadot Asset Hub, reducing transfer costs and enabling Layer 1 cross-chain asset management. The exchange expanded regionally through
Ethereum Spot ETFs Record $145M in Outflows as ‘Uptober’ Sentiment Weakens
TL;DR: Ethereum ETFs saw $145.68 million withdrawn on October 20, while Bitcoin ETFs lost $40.47 million, extending multi-day declines. BlackRock’s ETHA led Ethereum outflows, and Bitcoin’s
Crypto Could Face Its First True Recession, Says Famous Analyst
TL;DR: Analyst Willy Woo says the next crypto downturn could resemble a real economic recession, not a typical halving cycle dip. Falling GDP, unemployment, and reduced
Joseph Lubin Launches Linea Token Economy Platform to Boost Prediction Markets
TL;DR: Joseph Lubin introduced a Linea-based token economy platform aimed at expanding global prediction markets. The initiative seeks to replace centralized decision-making with collective intelligence powered
Elon Musk’s SpaceX Shakes the Market with Massive Bitcoin Transfer
TL;DR: SpaceX moved 2,495 BTC ($268.5 million), its first transaction since July, without selling the assets. Arkham Intelligence confirmed that this is the first significant change
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