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Futures Liquidated: Staggering $350 Million Wiped Out in Crypto Market Hour of Turmoil
bitcoinworld73d ago

Futures Liquidated: Staggering $350 Million Wiped Out in Crypto Market Hour of Turmoil

BitcoinWorldFutures Liquidated: Staggering $350 Million Wiped Out in Crypto Market Hour of TurmoilA sudden and severe wave of selling pressure has rocked cryptocurrency derivatives markets globally, triggering the liquidation of approximately $350 million in futures contracts within a single, tumultuous hour. This intense activity, concentrated across major exchanges like Binance, Bybit, and OKX, forms part of a broader 24-hour liquidation tally exceeding $1.05 billion, signaling significant market [...]This post Futures Liquidated: Staggering $350 Million Wiped Out in Crypto Market Hour of Turmoil first appeared on BitcoinWorld.

#ECONOMY
Europe Sets Its Sights on Brazil’s Rare Earth Riches
oilprice73d ago

Europe Sets Its Sights on Brazil’s Rare Earth Riches

The European Union has been looking for rare-earth suppliers outside China for a while now. Last year, Commission president Ursula von der Leyen declared, “The aim is to secure access to alternative sources of critical raw materials in the short, medium and long term for our European industries.” It seems one of these alternative sources will be Brazil. “We will speed up work on critical raw materials partnerships with countries like Ukraine and Australia, Canada, Kazakhstan, Uzbekistan, Chile and Greenland,” von der Leyen...

#ECONOMY
Trump Media Set to Issue Non-Transferable Crypto Tokens, Cutoff Date February 2
newsbtc73d ago

Trump Media Set to Issue Non-Transferable Crypto Tokens, Cutoff Date February 2

Trump Media & Technology Group Corp. (DJT) has officially announced the date for its highly anticipated distribution of a new digital token to its shareholders, as part of its partnership with cryptocurrency exchange Crypto.com. The record date for this digital token initiative will be February 2, 2026. Trump Media’s New Crypto Initiative According to the announcement, eligible shareholders will include ultimate beneficial owners and registered holders of at least one whole share of DJT stock as of the record date. In order to ensure a smooth distribution process, Trump Media will gather information from broker participants about eligible holders. Related Reading: Is A New XRP Price Record Imminent? Analyst Forecast Colossal Short Squeeze Ahead After the record date, Trump Media plans to collaborate with Crypto.com to mint the digital tokens, which will be displayed on the blockchain and held in custody until distribution. In addition to the digital tokens, Trump Media has indicated that various rewards will be made available to record-date shareholders throughout the year. These rewards may include benefits or discounts associated with Trump Media’s offerings, such as Truth Social, Truth+, and Truth Predict. CRO Token Plummets The partnership between Crypto.com and Trump Media dates back to August last year, when the Trump-linked company announced a $6.4 billion investment in the crypto exchange’s native token, CRO, as part of a strategic reserve. Related Reading: Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally Devin Nunes, Trump Media’s CEO and Chairman, expressed his enthusiasm about the latest move and the partnership with Crypto.com, stating: We look forward to leveraging Crypto.com’s blockchain technology consistent with Securities and Exchange Commission guidance to benefit our shareholders and promote transparency, including by obtaining a clear picture of bona fide beneficial ownership as of the record date. Despite the latest announcement, Crypto.com’s native token failed to capitalize on the news, dropping to $0.089 on Tuesday amid the broader crypto market’s retracement. It has recorded an 11% drop in the past week alone. Featured image from OpenArt, chart from TradingView.com

#CRYPTO
Gold futures shatter Rs 1.5 lakh/10g barrier; silver hits record Rs 3.27 lakh/kg amid global turmoil
dailyexcelsior73d ago

Gold futures shatter Rs 1.5 lakh/10g barrier; silver hits record Rs 3.27 lakh/kg amid global turmoil

NEW DELHI, Jan 20 : Gold extended its record-breaking run to breach the Rs 1.5 lakh per 10-gram mark in futures trade on Tuesday, while silver surged to a lifetime high of Rs 3.27 lakh per kg as investors rushed to safe-haven assets amid mounting global tensions. On the Multi Commodity Exchange (MCX), gold futures for February delivery climbed Rs 6,861, or 4.7 per cent, to record Rs 1,52,500 per 10 grams after settling at Rs 1,45,639 per 10 grams [...]The post Gold futures shatter Rs 1.5 lakh/10g barrier; silver hits record Rs 3.27 lakh/kg amid global turmoil appeared first on Daily Excelsior.

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