Features Crypto News by Thebittimes.Com

On December 26, Finbold posted a short squeeze alert for January 2024, warning for massive possible liquidations early this month. In particular, Bitcoin (BTC) and Ethereum (ETH) were the forecasted top candidates for this speculated event, now proven accurate. The short squeeze happened as expected, driving Bitcoin’s price to new multi-year highs above $45,900 on January 2. Ethereum was traded as high as $2,446 after Finbold’s alert, for a 10% surge one day after publishing. Interestingly, it was a similar increase to BTC’s in a week — from publishing the alert to today’s highs. In this context, the price action liquidated 62,258 traders in the last 24 hours, for a total of $205.73 million in liquidations.  A total of $127.13 million (61.7%) came directly from short positions, causing what is known as a short squeeze . Notably, one short -seller on Binance lost $10.16 million in a single liquidation with the BTC/USDT pair, according to CoinGlass data. Liquidation ...

Bitfinex’s newly introduced Tether tokenized bond, initially celebrated as the start of a “new era for capital raises,” has fallen short of attracting the expected level of investment and interest. Bitfinex Securities, a platform specializing in the listing of tokenized real-world assets (RWA), announced the launch of its first tokenized bond, ALT2611, in October, with the new offering made available to the public on Nov. 15. Yet, following a two-week offering period, the official website indicates that only $1.5 million has been raised, falling short of the $10 million target. The target of 100,000 ALT2611 worth 10 million USDT was set for two weeks after launch in the announcement, but it appears to have been extended by another fortnight, with just 15,000 ALT2611, or 15% of the target reached so far. Screenshot from ALT2611 capital raise | Source: Bitfinex The ALT2611 bond is a 36-month bond with a 10% coupon, denominated in USDT. It is issued by Altern...