Lighter surpasses Hyperliquid with $9B in 24-hour DEX volume

Bitcoin's price has surged towards $93,000, reflecting a significant rally that may enhance its reputation as a hedge against economic instability. This upward movement is attracting increased institutional interest and reshaping market dynamics.

Cardano has submitted a funding request for 70 million ADA from its Treasury, aiming to enhance its core infrastructure. This strategic move is designed to bolster the platform's capabilities, potentially leading to increased adoption in decentralized finance (DeFi) and among institutional investors.

A significant Bitcoin whale has transitioned from a $91 million short position to a 3x long position, indicating a strategic shift amid ongoing market volatility. This move reflects the whale's response to fluctuating market conditions, which can heavily influence trading behaviors and market dynamics.

KuCoin EU has successfully secured a MiCA license, allowing it to operate within the European Economic Area (EEA). This regulatory approval enhances the company's compliance framework and is expected to foster greater trust among users and investors in the cryptocurrency space.

Senator Dave McCormick has disclosed an investment of up to $150,000 in the Bitwise Bitcoin ETF this week, reflecting a growing interest in cryptocurrency among political figures. This investment highlights the increasing acceptance of digital assets within the political landscape.

CME Group experienced a significant disruption in its data center, leading to a halt in futures trading. This incident raises concerns about the vulnerabilities within financial infrastructure, which could have far-reaching implications for market stability and investor confidence globally.

Hyperliquid's price is under significant pressure as it trades at $35.24, marking a 1.7% decline over the past day and a 27% drop overall, coinciding with a major $350 million token unlock. This situation arises amid a persistent downtrend that has lasted several months.

North Korea's Lazarus Group is suspected of orchestrating a significant breach at Upbit, South Korea's largest cryptocurrency exchange, resulting in a loss of approximately $36 million from its Solana wallet. This incident has led Upbit to suspend all deposits and withdrawals as it investigates the breach and works to enhance security measures.