Bitcoin Surge Blasts $170M in Bearish Shorts as BTC Price Targets $48K

Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday.Source

Key Metrics Show Crypto Traders Turning to Ether From Bitcoin

Futures and options market metrics suggest traditional finance players and sophisticated market participants may soon rotate money into ether from bitcoin.Source

Bitcoin Inscriptions Divide BTC Community Amid Network Congestion, but Are ‘Unstoppable’

As unconfirmed transactions on the Bitcoin blockchain rise, Luke Dashjr, a prominent developer pledges that Ordinal Inscriptions are a ‘bug’ that will be fixed.Source

The Most Influential Folks in Crypto Regulations

CoinDesk published its annual Most Influential list (it’s not a ranking, except for the top 10 being maybe more influential than the other 40). I wrote a few pieces (I had nothing to do with the art and didn’t know about it when I wrote the pieces), as did my CoinDesk reg team colleagues, but I wanted to take a minute to recognize other influential figures who we may see pop up again. This is not meant to be a comprehensive or objective list; just a recognition of some of the folks whose work I’ve paid attention to this year.Source

This Bitcoin Rally Feels Different. FOMO and YOLO Seem to Be Back

BTC just hit $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are buying.Source

Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to ‘Abnormal Volatility’

The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token.Source

Fresh Money Flows to Crypto as Stablecoin Market Expands After 18-Month Downtrend

Tether’s USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.Source

DeFi Market Rebounds to $50B as Speculators Hunt for Yield

The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday, the most in six months.Source

Coinbase’s Rally Still Has Legs, Chart Analyst Says

Shares in the cryptocurrency exchange have rallied nearly 300% this year, and the latest chart pattern suggests further gains could still be in the offing.Source

BIGTIME, ORDI Tokens Lead Nearly $250M in Altcoin Liquidations

Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.Source