Hyperliquid has reached a milestone with $11.5 billion in trading volume and $1.32 billion in liquidation volume. This surge is by a massive airdrop of 310 million HYPE tokens, increasing liquidity and interest. Despite the success, risks such as price instability and liquidity challenges remain. The platform’s unique Dutch auction…

Peter Schiff, a harsh critic of Bitcoin, has proposed a government-backed digital currency, “USA Coin.” This shift suggests he’s reconsidering his stance on cryptocurrency, favoring centralized control. His proposal reflects how digital currencies are gaining more acceptance, even from skeptics and critics. For years, Peter Schiff, vocal Bitcoin critic. He…

Binance Futures has announced an important update for Portfolio Margin and Portfolio Margin Pro account holders, allowing the integration of BFUSD into their trading activities. Starting December 20, 2024, at 08:00 (UTC), users can utilize BFUSD, Binance’s exclusive reward-bearing margin asset, for various trading purposes across multiple platforms. Binance Futures…

“It Ends with Us” star Blake Lively filed a legal complaint against Justin Baldoni, her costar and the film’s director.Lively accused Baldoni of sexual harassment, retaliation, and attempting to damage her reputation.Baldoni’s attorney said the claims made in Lively’s lawsuit were “completely false” and “intentionally salacious.””It Ends with Us” star…

Gary Gensler will leave his SEC role in January 2025 after years of focused crypto enforcement. The SEC now faces delays in policies as leadership awaits Trump’s nomination for a new chair. The crypto industry remains in uncertainty over rules as the SEC struggles to define digital assets clearly. Gary…

POLITICS

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WASHINGTON (Reuters) – U.S. President-elect Donald Trump plans to issue a flurry of executive orders and directives on his first day in office on Jan. 20, to put his stamp on his new presidency on everything from immigration to energy. Sources have told Reuters that on Day One he plans to release at least 25 orders, with more coming in the days and weeks following. Here is what we know about the executive orders so far: IMMIGRATION Many of the actions that the Republican plans on his first day as president are aimed at ramping up immigration enforcement and following…

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Investing

The Federal Reserve cut interest rates by an “historic” 50 basis points. Then, interest rates soared. Wait. What? The Federal Funds Rate is a target (technically a target range) that influences short-term rates in the economy. Money market funds, for example, pay interest based on this benchmark. They pay 0.5%…

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