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.
President Donald Trump said on Wednesday local time that data centers might 'need some help on the public relations front,' but he remains firmly supportive of the AI industry and the construction of necessary facilities.
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.