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Ethereum short liquidations have reached massive levels as the cryptocurrency approached its November 2021 all-time high of $4,878. Nearly $300 million in total liquidations occurred, with over $250 million targeting short positions.

ETH Liquidations Hit $294M as All-Time High Approaches

Will America Become the Bitcoin and Crypto Capital of the World? Here’s an Expert’s Take.

Will America Become the Bitcoin and Crypto Capital of the World? Here’s an Expert’s Take.

JPMorgan Implementing ‘Operation Chokepoint 3.0,’ Andreessen Horowitz Says Share quote to twitter-icon A general partner at the prominent venture capital firm is shedding light on a new shady banking practice designed to undercut the crypto industry.

JPMorgan Implementing ‘Operation Chokepoint 3.0,’ Andreessen Horowitz Says

Kadan Stadelmann, chief technology officer of Komodo Platform, told Cointelegraph that the token burn program could have significant implications for the token’s price. “The token burn program will decrease supply, and is in and of itself an attempt to aid BNB’s price.” “Binance has conducted numerous BNB token burns in the past, which has both decreased supply and also led investors to expect more token burns are coming. The latest token burn bores this hypothesis out,” Stadelmann added. Stadelmann said whales and corporate investors also wield a “disproportionate influence” on smaller markets such as BNB and proof-of-stake blockchains such as Binance.

CZ’s estimated BNB holdings hit $75B as BNB breaks new highs

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