Bitcoin’s estimated leverage ratio falls below short-term average as traders pull back after March spike
Traders are becoming more cautious after March leverage peak.
Explore featured CryptoSlate stories, major headlines, and standout reporting from across the crypto, Bitcoin, and Web3 landscape.
RLUSD closed March with nearly $200 million in market cap and $720 million in monthly transfer volume.
The announcement has sent shockwaves through crypto markets, causing Bitcoin to lose its gains despite earlier optimism.
The letter seeks nine categories of information, including any internal communications regarding Trump’s involvement in crypto and records concerning World Liberty Financial’s USD1 stablecoin.
The new foundation plan sends Compound token tumbling 6%.
Sumitomo Mitsui aims to modernize cross-border payments by launching a fiat-backed stablecoin on Avalanche with Ava Labs and Fireblocks.
Crypto industry executives also highlighted how the episode could significantly impact Binance, the largest FDUSD holder.