A wave of forced buying that cost short sellers $844 million has run its course, leaving the largest cryptocurrency flat over the past hour and ZEC the only major token in the red.
- Dogecoin surged more than 15% to just above 10 cents, leading gains among major cryptocurrencies, while Bitcoin held above $85,600 after rising about 5% over 24 hours.
- More than $1 billion in crypto positions were liquidated over the past day, including $844 million in bearish bets, suggesting further gains will depend on new buying rather than a continued short squeeze.
- Asian stocks advanced as enthusiasm for artificial intelligence lifted chipmakers, with Meta’s Muse agent gaining traction and AMD briefly surpassing $1 trillion in market value.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
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