Latest news with #HuangLicheng
Economic Times
3 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Bitcoin's Market Share Drops as Crypto Value Rises
18 Aug 2025 | 06:10:11 AM IST Bitcoin's market dominance has fallen by 1.78% to 59.4%, while the overall cryptocurrency market value has increased by 0.31%. Excluding Bitcoin, the market value has risen by 3.06%. Recent reports highlight significant movements in the cryptocurrency market. Bitcoin's market share has decreased to 59.4%, reflecting a 1.78% decline, even as the overall market value has seen a slight increase of 0.31%. Notably, two new Ethereum addresses received a substantial transfer of 25,684 ETH, valued at approximately $115.11 million, indicating ongoing interest in Ethereum. Meanwhile, investor Huang Licheng, known as 'Machi Big Brother,' faces a staggering unrealized loss of $3.14 million across his crypto holdings, underscoring the volatility in the market. Additionally, Galaxy Digital warns of rising leverage in crypto markets, with a 27% increase in crypto-collateralized loans last quarter. This surge has led to over $1 billion in liquidations following Bitcoin's price drop, revealing the fragility of the current market conditions. As the Federal Reserve hints at potential rate cuts, the crypto landscape remains dynamic, with institutional interest growing, particularly in Bitcoin and Ethereum, despite the challenges posed by high borrowing costs and liquidity mismatches. Show more
Time of India
4 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : XLM Price Approaches Breakout as Key Metrics Surge
16 Aug 2025 | 11:35:13 PM IST Stellar Lumens (XLM) is nearing a breakout, trading at $0.43, nearly doubling since July, driven by record network activity and an upcoming protocol upgrade. Stellar Lumens (XLM) is experiencing significant momentum, with its price nearly doubling since July, currently at $0.43. This surge is attributed to record network activity and an anticipated protocol upgrade. Meanwhile, Bitcoin (BTC) has pulled back from its recent all-time high of $124,420 to $117,760, as market expectations for Federal Reserve interest rate cuts have diminished, raising concerns about stagflation. Prominent investor Huang Licheng, known as 'Machi Big Brother,' faces $5.1 million in unrealized losses, underscoring the volatility in the crypto market. Conversely, Bitcoin's recent surge has been fueled by institutional buying and supportive U.S. policies, with predictions suggesting it could reach $150,000 by 2025. In the Ethereum space, ETFs saw a $59 million outflow as ETH retreated from near all-time highs, indicating profit-taking behavior among investors. The interplay of these developments highlights the dynamic nature of the cryptocurrency market, where investor sentiment and macroeconomic factors significantly influence price movements. Show more
