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Memecoin POPCAT experienced a significant downturn on Wednesday following a major manipulation event on Hyperliquid (HYPE), one of the leading decentralized exchanges in the cryptocurrency market.  POPCAT Faces 43% Drop Following Manipulative Scheme According to a detailed analysis of the situation by DeFi researcher Hanzo on social media site X (previously Twitter), an unknown trader executed a well-coordinated strategy approximately 13 hours prior to the market disruption.  The trader withdrew $3 million in USDC from the OKX exchange and distributed the funds across 19 different wallets on Hyperliquid. Subsequently, they initiated sizable long positions on POPCAT, accumulating total exposure estimated between $20 million and $30 million. Related Reading: Bitcoin To...

Circle's stock plunging from $300 hype by 71% gave Peter Schiff a new opening, arguing the sell-off proves the crypto trade is over and CRCL holders risk falling next.

The U.S. cryptocurrency exchange Gemini reported a net loss of $159.5 million in the third quarter, primarily driven by a surge in operating expenses. Revenue Growth and Diversification Efforts U.S. cryptocurrency exchange Gemini posted a net loss of $159.5 million in the third quarter of this year after its operating expenses surged by more than […]

Bitcoin’s momentum loss continues as long-term holders add to market selling pressure and rising US dollar strength leads investors to reduce their exposure to risk.

The House passed a funding bill to end the longest US government shutdown in history, which had previously delayed crypto ETF approvals and key crypto bills.

Galaxy tokenization head Thomas Cowan says interest in tokenization is now “independent of the price of Bitcoin” as institutions have started to see the benefits.

Crypto market sentiment remains fearful as the broader market continues to slump, but that could be a good thing, as weak hands sell off, Santiment argued.