Crypto Markets See $514M Leverage Shakeout as Long Positions Dominate Liquidations
Crypto markets faced one of their sharpest leverage resets in weeks, with more than $514 million in positions liquidated over a 24-hour stretch as a sudden intraday downturn forced mass unwinds across major derivatives platforms. Data from CoinGlass shows long traders absorbed the bulk of the damage, with $376 million in long liquidationsnearly triple the $138 million in short positionshighlighting how aggressively markets had been positioned for continued upside before momentum abruptly shifted.
Senate Crypto Bill Talks Hit New Roadblocks as Democrats Issue Fresh Demands
Senate Democrats have issued a new counteroffer in the ongoing negotiations over a bipartisan crypto market structure bill, signaling deeper tensions than previously visible. The summary, circulated this week, shows Democrats accepting large portions of the Republican framework while insisting on major structural revisions involving financial stability, market integrity, national security safeguards, and ethics rules aimed partly at President Donald Trump.
White House Pushback Slows Progress on Bipartisan Crypto Market Structure Bill
Senator Cynthia Lummis, a key Republican negotiator on the long-awaited U.S. crypto market structure bill, said the White House has rejected proposed ethics language she crafted with Democrats, creating a major stumbling block for the legislation. Speaking at the Blockchain Associations policy summit in Washington, Lummis explained that she has been acting as a bridge between Democratic colleagues and the administration as both sides work to finalize a draft expected to be unveiled by the end of the week, with a markup planned for next week.
Poland’s Parliament Blocks Crypto Bill Override as MiCA Deadline Looms
Polish lawmakers failed to overturn President Karol Nawrockis veto on a major crypto regulation bill, halting Prime Minister Donald Tusks push to align the country with the European Unions MiCA framework. The Sejm fell 18 votes short of the required three-fifths majority, forcing Tusks coalition to restart the legislative process if it hopes to introduce comprehensive digital asset rules.
Crypto Markets Poised for Potential December Rebound as Liquidity and Macro Signals Improve
Crypto markets may be setting up for a December recovery, according to a new report from Coinbase Institutional, which highlights strengthening liquidity conditions and shifting macroeconomic signals that could benefit major digital assets like bitcoin. The firm noted that expectations for a Federal Reserve rate cut have surged ahead of next weeks meeting, with probabilities now reaching 93% on Polymarket and 86% on the CME FedWatch tool.
Texas’ Monet Bank Rebrands and Enters Crypto Lending as Digital Asset Demand Grows
Monet Bank, a small Texas community bank backed by billionaire investor and well-known Donald Trump supporter Andy Beal, is making a bold move into the digital-asset sector. Despite holding just under $6 billion in assets and a little over $1 billion in capital, the bank is positioning itself as a rising player in crypto finance.
Crypto Market Faces Over $4B Options Expiry as Volatility Looms
Bitcoin, Ethereum, XRP, and Solana traders are bracing for heightened volatility as more than $4 billion in crypto options expire today. With the broader market already showing signs of weakness, investors fear the total crypto market cap could once again fall below the $3 trillion mark ahead of next weeks crucial FOMC rate decision.
Crypto Investor Christopher Harborne Donates £9M to Reform UK in Record-Setting Gift
Cryptocurrency investor and entrepreneur Christopher Harborne has made a landmark 9 million ($12 million) donation to Reform UK, according to a new filing released by the U.K.s Electoral Commission. The contribution, which is the largest-ever donation to a U.K. political party by a living individual, positions Reform ahead of all other parties in total donations received during the third quarter of 2025.
Unpatchable MediaTek Chip Flaw Exposes Smartphone Crypto Wallets to New Attack Vector
A newly uncovered, unpatchable security flaw in MediaTeks widely used Dimensity 7300 chip (MT6878) has raised major concerns for Android smartphone usersespecially those using mobile crypto wallets. According to research published by Ledgers Donjon security team, a precisely timed electromagnetic fault injection (EMFI) attack can give an attacker full control over affected devices during the chips earliest boot stage.
SEC Flags Risks in High-Leveraged and Crypto ETFs as Industry Expansion Accelerates
The U.S. Securities and Exchange Commission has issued fresh warnings to issuers of highly leveraged exchange-traded fundsincluding several proposed crypto ETFsover growing concerns about the risks these products pose to investors. In letters sent Tuesday, the SEC paused ongoing reviews of multiple ETF applications until issuers address the regulators questions.