Bitcoin 'Short Squeeze' Bumps Prices to Nearly $37K as Spot ETF Hopes Strengthen
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices. Source
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Bumps
Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment
Some analysts said the amendments show the U.S. Securities and Exchange Commission (SEC) is holding active discussions with related parties. Source
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Dogecoin Bumps 10% on X Payments Speculation, DOGE Futures Traders Lose $10M
Crypto traders are buying up DOGE in hopes of the token playing a larger role on Twitter, which rebranded as “everything app” X on Monday. Source
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Aptos Bumps Ahead of $50M Token Unlock Which May Add Selling Pressure
Token unlocks are significant events that have the power to sway the market as participants react to the move. The addition of tokens to the market allows early investors, developers, or other holders to sell their assets while the price is still high – which contributes to selling pressure. Source
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Coinbase’s $3.6M Dutch Fine Shows Crypto Will Hit Road Bumps as It Goes Mainstream
The charge sheet from the Dutch central bank (DNB) outlining its decision to impose a sanction of 3,325,000 euros ($3.6 million) for serving local customers without approval shows multiple legal and procedural gray areas – and Coinbase, which is registered with DNB now, argues it is being punished for co-operating. Source
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