Crypto Airdrop Gems 💎✨


Kanal geosi va tili: Butun dunyo, Inglizcha


💎 Unearthing the shiniest crypto airdrops. Your guide to free crypto treasures. Stay tuned.

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Bitcoin leverage peaked on August 14, just prior to the recent price rally, and has been steadily declining thereafter, notwithstanding a brief uptick post-August 19. Historically, leverage expansion concludes suddenly when forced liquidations occur amid declining prices. Conversely, growth driven by fresh capital inflows without additional leverage suggests a more sustainable trajectory.


Bitcoin (BTC) saw leverage peak on August 14, prior to a significant price increase. Since that peak, leverage has steadily declined, notwithstanding a brief uptick following August 19. Historically, rapid growth in leverage often culminates in forced liquidations when asset prices decline. Conversely, capital inflows that do not elevate leverage tend to establish a more resilient market footing.


PROM experienced a 46% increase following its listing on Bithumb. Notably, at 4:00 AM Moscow time, it secured the top position for purchase volumes across all centralized exchanges, a status it continues to hold.

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Currently, the predominant short positions are established by market maker hedging accounts. Notably, Abraxas Capital, Fasanara Capital, and Wintertermute collectively hold short positions amounting to 138,569 ETH, valued at approximately $338 million, and 3,425 BTC, valued at roughly $265 million.


Fasset, a neobank specializing in stablecoins including USDT and USDC, has achieved a valuation of $1 billion. The company's valuation is attributed to backing from SBI, which is supporting its expansion into payment services. coindesk.com


Barron's Style News Summary:

Abraxas Capital has initiated short positions on Hyperliquid, valued at approximately $783 million, according to recent disclosures. The firm is also hedging its exposure via spot market activity, having withdrawn 73,872 ETH (equivalent to $173.17 million) from Binance over the past four days.

Arthur Hayes redeemed 1.9 million ETHFI tokens, totaling roughly $1.17 million at a price of $0.62. This follows a prior sale four months ago where Hayes offloaded 265,461 ETHFI at a loss, realizing proceeds of approximately $118,000 at $0.44 per token.

The team behind Donald Trump sold 3.39 million USDC in exchange for TRUMP tokens.


Sand (SAND) Trading Advisory Notice. For further details, please refer to the official Upbit notice at upbit.com.
#Upbit #Listing


Phantom terminates support for the Sui Network effective September 24.


Three days after transferring 170 million ENA, valued at approximately $14.09 million, to FalconX, Ethena has now returned the entire token amount.


The American Idea Foundation and Digital Asset (Canton) have announced a partnership to establish pilot programs for distributing government benefits via the Canton Blockchain as part of the RISE initiative.


Trade XRP (Ripple) and participate in the XRP TOP 100 trading event for an opportunity to win a total of 1 BTC. For additional information, visit upbit.com. #Upbit #Listing


ENA experiences over 55% surge since yesterday, driven by notable futures and spot purchase activity. At 8:13 AM Moscow time, it was among the leading futures acquisitions, and by 9:08 AM, it also ranked high for spot transactions across centralized exchanges. The rally has sustained, with ENA maintaining its position among the top assets in trading volume.
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RWA CryptoRank Reports: The number of holders of tokenized assets has more than doubled since June.


CryptoRank reports that the number of holders of tokenized assets has increased by over 100% since June.


Laser Digital, backed by Nomura, secures Japan’s first cryptocurrency approval in four years. coindesk


NEXO (NEXO) Announces New Trading Support in USDT Market
Upbit has introduced a new trading support feature for NEXO in its USDT trading pair. Further details available at upbit.com.
#Upbit #Listing


The recent surge in Bitcoin (BTC) price was primarily driven by liquidations within the Binance futures market, rather than spot purchasing activity. This week, Binance's short squeeze rate hit 6.94, the highest since late 2024, indicative of typical bear market dynamics. As futures liquidity diminishes and spot demand remains insufficient, the probability of a deeper subsequent correction persists.


Bitcoin surged primarily due to liquidations in the Binance futures market rather than spot buying. This week, the short squeeze rate on Binance hit 6.94, marking the highest level since late 2024, a phenomenon typically associated with bear markets. As futures supplies diminish and underlying spot demand remains modest, the probability of a more substantial decline in the cryptocurrency’s price persists.


Over the past four hours, roughly $579 million in contracts have been liquidated, of which approximately $497 million originated from short positions.


Approximately $579 million in contracts have been liquidated over the past four hours, with roughly $497 million stemming from short positions.

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