Kraken Leads FTX Recovery Effort with First Wave of Creditor Payouts
Cryptocurrency exchange Kraken has begun distributing funds to FTX creditors, marking the first major step toward compensating users affected by the 2022 collapse. The structured payout process includes incentives for affected users, though timelines vary based on claim size.
Massive $800M Crypto Liquidation Wave Hits as Bitcoin Touches $96K
Over $846 million in crypto trading positions were liquidated within 24 hours, affecting 243,000 traders amid significant market volatility. The largest single liquidation was a $15.8M ETHUSDT position on Binance, while Bitcoin climbed to $96,811 despite the turmoil.
Bitcoin's Wild Ride: $303M Liquidation Amid Trump-Fueled Rally to $103K
Bitcoin's dramatic price action saw it surge to $103,000 before a sudden 10% plunge triggered $303.5M in liquidations. The cryptocurrency quickly rebounded above $101,000, buoyed by speculation around Trump's pro-crypto policies and promises to make the US a 'Bitcoin superpower.'
Bitcoin Shatters $100,000 Barrier, Triggers $675M Market Liquidation Wave
Bitcoin's historic breakthrough past $100,000 has sparked massive market movements, with over $675 million in trading positions liquidated across cryptocurrencies. The milestone price surge signals a new era for Bitcoin miners, who stand to benefit significantly from increased profitability and market maturity.