Crypto

Ether surged 18% in 24 hours to just above $2,250 during Asian morning hours Thursday, leading a broad cryptocurrency rally that pushed bitcoin past $69,000.

A prominent crypto trader who had amassed $49 million in short-selling profits was forcibly liquidated early Thursday, losing nearly $24 million on a single ether position in just 12 seconds.

Bearish crypto traders suffered a record $2.74 billion in losses in a single day as bitcoin surged past $71,000, triggering the largest wave of forced short closures since records began in 2021.

The Financial Accounting Standards Board (FASB) has proposed new guidance that would allow certain stablecoins to be classified as cash equivalents under U.S.

Storj, one of the few working service businesses in decentralized storage, filed for Chapter 11 bankruptcy in July.