Bitcoin pump to $63,700 triggers the most short liquidations since late April
coindesk·- Bitcoin's recent rebound led to approximately $504 million in losses for short sellers within 24 hours, marking the largest daily loss since late April. - Total crypto liquidations reached about $655 million, impacting over 104,000 traders, primarily in bitcoin and ether positions. - Following a rise to near $63,800 over the weekend, bitcoin settled around $62,900, influenced by renewed Middle East tensions and the upcoming U.S. inflation data and major IPOs.Citi predicts the tokenized securities market will grow to $5.5 trillion by 2030
coindesk·- Citi projects the tokenization of real-world assets will grow from a $17 billion market today to up to $5.5 trillion by 2030. - Major market infrastructures like DTCC, Nasdaq, and the NYSE are integrating tokenization into their systems, supported by stablecoin adoption and clearer U.S. regulations. - The concentration of tokenization is expected in mainstream public markets while legacy and digital systems will coexist, benefiting larger players that manage both assets and payment systems.America Built The Dollar System — Cynthia Lummis Says Without The Clarity Act, Beijing Builds What Comes Next: 'Time To Act is Now'
benzinga_article·- Sen. Cynthia Lummis urged for urgent action on the Clarity Act to ensure the U.S. leads in digital asset regulation. - The proposed legislation aims to create a regulatory framework for cryptocurrencies and has received bipartisan support in the Senate Banking Committee. - Despite administrative backing, the bill faces opposition from some lawmakers citing ethical concerns and emphasizes the competitive threat posed by China in the cryptocurrency sphere.