BitMEX News

Bitcoin risks a fall below the critical $78,258 support, opening the doors for a further fall to $73,777.

Bitcoin and altcoins saw sharp selling as traders reduced risk following the popular launch of the DeepSeek AI app.

BitMEX has been hit with an additional financial penalty following its 2022 guilty plea for violating the US Bank Secrecy Act.

Bitcoin’s sell-off shows no signs of forming a bottom, which is destroying traders’ appetite for altcoins.

Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.

Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

There have been some high-profile instances of insider trading at major exchanges that show a larger issue underneath. 

Arthur Hayes connects Federal Reserve actions to a short-lived economic boost with ripple effects on Bitcoin and broader crypto markets, underscoring risks from Japanese yen carry trade unwinding.

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

Elon Musk’s social media platform, X, is under scrutiny for alleged DSA violations, with potential fines reaching $200 million.

BitMEX addresses the DOJ’s BSA charge as a past issue, highlighting their compliance improvements and founders’ prior penalties.

BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation.

SOL price weakness can be explained by the Solana network’s activity and lack of appetite from derivatives traders.

This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss.

District Judge Andrew Carter has allowed a lawsuit alleging Benjamin Delo “was central” to a scheme to use customer information to manipulate prices on the exchange to continue.