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24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $728.61 million liquidated (93.47% longs) - ETH: $437.28 million liquidated (92.46% longs) - SOL: $83.09 million liquidated (96.46% longs)

The Clarity for Digital Assets Market Act (CLARITY Act) has been officially placed on the U.S. Senate's legislative schedule, according to the official U.S. Congress legislative information website. The bill (HR3633) seeks to clarify regulatory jurisdiction and market structure for digital assets and is considered by the industry to be a key piece of legislation for establishing a crypto regulatory framework. Having previously passed the House of Representatives, the bill now enters the formal deliberation process in the Senate.

Traders on the prediction market Polymarket are pricing the probability of ETH reclaiming the $1,900 level this week at just 37%. The bearish outlook follows a drop below this key support level yesterday for the first time since February, occurring amid a broader crypto market downturn driven by Bitcoin sell-offs and sustained ETF outflows. The negative market sentiment appears to have significantly lowered the weekly price target for ETH. Meanwhile, ETH is currently trading at $1,855.9 on the decentralized exchange Aster, down approximately 6.55%.

Prominent Ethereum bull James Fickel has transferred 10,000 ETH, worth approximately $18.62 million, from a Coinbase Custody address to an external wallet, according to on-chain data. This marks Fickel's first asset transfer exceeding $1 million in the past six months. On-chain analyst ai_9684xtpa suggested the funds were likely moved for trading purposes. Fickel currently holds 38,936 ETH on-chain, valued at around $72.43 million.

Whales and institutional investors are continuing to accumulate HYPE, according to a report from Lookonchain. The on-chain analytics firm noted that Galaxy Digital withdrew 179,000 HYPE, valued at approximately $12.62 million, from Coinbase in the past seven hours. Additionally, a new wallet address, "0x6436," withdrew another 135,824 HYPE (around $9.73 million) about eight hours ago. This new address has withdrawn a cumulative total of 399,730 HYPE, worth about $28.92 million, over the past two days.

ZetaChain (ZETA), an AI and interoperability-focused Layer 1 blockchain project, has launched a new utility that offers access to AI services through token lockups. The ZetaChain team explained that users who lock up ZETA can earn credits for AnumaAI, an AI-dedicated private memory layer built on ZetaChain 2.0. These credits can be used to access AI models such as ChatGPT, Gemini, Claude, and DeepSeek. The service also features an integrated memory function that allows users to share conversation histories across multiple AI models. Access is available using only a crypto wallet, with no email or name registration required. ZetaChain added that users who lock up over 80,000 ZETA will receive access to Anuma Pro.

The Blockchain Association announced it has sent a letter to U.S. Senate Republican Leader John Thune and Democratic Leader Chuck Schumer urging the passage of the Clarity Act, a bill addressing digital asset market structure. The letter, signed by 160 former experts from national security, intelligence, and law enforcement, supports the establishment of a clear regulatory framework for the digital asset market. The association explained that digital asset market structure is a critical issue for national security and law enforcement, adding that clear rules can enhance consumer protection and help investigators track illicit activities. The Blockchain Association also noted that it plans to visit Washington, D.C., with signatories and member companies to discuss the legislation with 18 Senate offices.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

On-chain analytics platform Spot On Chain reported via X that the largest Ethereum bull on Hyperliquid is holding a long position of 120,000 ETH, valued at approximately $271 million. The position has an average entry price of $2,261. With the current ETH price having fallen to around $1,870, the investor's unrealized loss stands at approximately $47 million. The position's liquidation price is in the $1,355 to $1,617 range, with the nearest liquidation point at $1,617—about $250 below the current market price. Spot On Chain noted that if ETH were to drop near $1,617, the forced liquidation of this position could accelerate a market downturn.

On-chain analyst EmberCN reported on X that Bitmine has purchased an additional 25,000 ETH through BitGo, even as other institutions are generally selling in the current market. The purchase is valued at approximately $47.98 million. EmberCN previously noted that Bitmine holds over 5.41 million ETH and is currently facing an unrealized loss of about 43% on its holdings.

An address associated with Anchorage Digital has deposited 55,594 ETH, worth approximately $109.9 million, into an Ethereum staking contract, according to Onchain Lens.

The recent weakness in Bitcoin stems from macroeconomic factors, not threats from quantum computing or shifts in AI-related investment sentiment, according to an analysis by 10x Research. The firm noted that MicroStrategy's recent $2 million sale of BTC was a selective, managed transaction rather than a forced liquidation. While this could be a drag on the market, it should not be viewed as a crisis. 10x Research described both the quantum computing concerns and the MicroStrategy sale as noise rather than fundamental drivers of the market's decline. The firm believes the market is still in a bottoming phase and anticipates a new bull market will eventually arrive, emphasizing that such rallies always begin with new investors and new narratives.

One Casascius coin, a physical Bitcoin collectible issued between 2011 and 2013, has been opened, leading to the on-chain movement of 25 BTC worth approximately $1.78 million, according to Galaxy Research. Casascius coins are an early form of physical bitcoin that contain a sealed private key, which can be accessed by peeling off a hologram sticker to withdraw the assets. Galaxy Research reported that after the coin's private key was extracted, all 25 BTC were transferred to an on-chain address. The issuance of Casascius coins was discontinued in 2013. Tens of thousands of BTC are still believed to be held in unopened physical coins.

The U.S. Securities and Exchange Commission (SEC) has designated digital assets as a key strategic priority in its draft strategic plan for fiscal years 2026-2030. The agency announced its intention to clarify the regulatory framework for the sector by 2030. The SEC outlined a goal of establishing a rational and consistent regulatory foundation for blockchain technology, tokenization, and cryptocurrency market infrastructure. It also emphasized the need to provide greater legal certainty for market participants, noting that the growth of the digital asset industry is outpacing existing regulations.

The New York State Department of Financial Services (NYDFS) and the European Banking Authority (EBA) have signed a Memorandum of Understanding (MOU) to collaborate on the regulation and supervision of stablecoins, Decrypt reported. The 22-page agreement includes procedures for exchanging regulatory and confidential information related to the stablecoin industry. The NYDFS stated that the pact is designed to strengthen supervisory capabilities, identify market trends and risks, and enhance market integrity. Both parties also agreed to promptly share relevant information and coordinate responses if a regulated entity experiences significant operational or financial problems. They may also exchange information related to civil and criminal investigations upon request.

A Johannesburg High Court in South Africa has ruled that Bitcoin qualifies as both "capital" and "money" under the country's Exchange Control Regulations, upholding the legality of a 6 million rand Bitcoin confiscation. According to local media outlet IOL, the court found that a crypto trader, Square Mangundla, had illegally transferred capital overseas without Treasury approval by moving approximately 1,680 BTC (worth around 182 million rand at the time) to offshore crypto exchange wallets between 2018 and 2020. Judge Stuart Wilson stated that Bitcoin is a financial asset capable of storing value and serving as a medium of exchange, thus fitting the definitions of both capital and money under the regulations. He further explained that exempting cryptocurrencies from these rules would undermine the entire foreign exchange control system, as anyone could convert assets to crypto and move them abroad. The decision reverses a 2025 court ruling that had found cryptocurrencies did not qualify as capital or money under the same law.

Jeffrey Huang, a well-known Taiwanese singer also known as Machi Big Brother, has been liquidated seven more times over the past two days, according to Onchain Lens. Following the liquidations, he opened a new 25x leveraged long position with 400 ETH, worth approximately $744,000. The position's liquidation price is $1,834.01.

Crypto asset manager Abraxas Capital is suspected of selling 1,000 BTC, worth approximately $67.49 million, during yesterday's market decline, according to on-chain analyst EmberCN. About seven hours ago, Abraxas Capital deposited the funds into Kraken and subsequently withdrew a total of $52.72 million in USDC and USDT. EmberCN suggested that this fund flow strongly indicates a sale, which may have contributed to the downward pressure on Bitcoin.

According to on-chain data, Garrett Jin, founder of the fraudulent cryptocurrency exchange BitForex, has an unrealized loss of over $11.5 million on a 5x leveraged long position of 1,268 BTC. Onchain Lens reported that Jin is still holding the position and that the scale of his profit or loss could change significantly depending on market volatility.

Bitcoin could face a volatile, bearish summer as investment funds rotate from the cryptocurrency to AI-related stocks, according to a report from K33 Research cited by CoinDesk. The firm identified slowing institutional demand and outflows from spot ETFs as key drivers of this weakness. K33 noted that over the past three weeks, spot Bitcoin ETFs have seen a net outflow of 62,794 BTC, marking the second-largest outflow period on record. While Bitcoin has failed to break above its 200-day moving average, both the Nasdaq and S&P 500 have been hitting new highs. K33's analysis suggests investors are moving capital into AI stocks and upcoming IPOs for companies like SpaceX and Anthropic. Furthermore, a reduction in futures positions by institutional investors combined with a rise in leveraged long positions indicates a potential for further declines. The research firm concluded that while Bitcoin appears undervalued for the long term, caution is warranted in the short term.

Whale Alert reported that 331,462,210 USDT has been transferred from Bitfinex to Kraken. The transaction is valued at about $331 million.

An address known as the ShapeShift whale has purchased an additional 6,688 ETH for approximately $12.78 million over the past eight hours, Onchain Lens reported, citing on-chain data. The address now holds 149,286 ETH, worth around $277.59 million. Onchain Lens added that the whale may purchase more ETH.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The upper section shows the Volume Heatmap, and the lower section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap (top) tracks trading volume at specific price levels. The background brightens when the price lingers in a range or moves significantly, with these brighter areas potentially acting as support or resistance. - The Cumulative Volume Delta (CVD) indicator (bottom) shows buy and sell orders categorized by size. A rise in a colored line indicates an increase in buy orders for that category. The yellow line represents orders between $100 and $1,000, and the brown line tracks large orders from $1 million to $10 million.

The Fear & Greed Index from crypto data provider CoinMarketCap has dropped six points from yesterday to 25, remaining in the 'Fear' stage. The index indicates extreme fear as it approaches 0 and extreme optimism as it approaches 100. CoinMarketCap's index is calculated based on factors including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

Major exchanges have seen $146 million worth of futures liquidated in the past hour. In the past 24 hours, $1,763 million worth of futures have been liquidated.