“Crypto in 24 Hours: Whale Moves, and $1B in Liquidations

🏦 BlackRock Pushes New Bitcoin ETF Product

BlackRock, the world’s largest asset manager, is expanding its crypto play. After the success of its spot Bitcoin ETF, the firm has now filed for a Bitcoin Premium Income ETF, designed to generate yield by selling covered calls on Bitcoin futures. This could appeal to investors looking for extra income from BTC exposure.

📈 Hashdex Adds XRP, SOL, and XLM to Its Crypto Index ETF

Thanks to new SEC rules allowing “generic listings,” Hashdex has added XRP, Solana, and Stellar to its U.S.-listed crypto index ETF. This marks a big step toward broadening regulated exposure to altcoins for traditional

Dormant Ethereum Wallets Spring to Life

Two Ethereum wallets that had been inactive for over eight years suddenly moved 200,000 ETH (~$785M) to fresh addresses. Such whale movements often raise speculation about market intent, especially during volatile periods.

$1 Billion in Liquidations as Prices Tumble

Crypto traders felt the pain as Bitcoin, Ethereum, and Solana saw sharp declines, triggering over $1B in liquidations across leveraged positions. The sell-off fueled even more downside pressure across the market.

KuCoin Battles Regulators in Canada

KuCoin is appealing a regulatory decision from Canada’s FINTRAC, which flagged the exchange for compliance issues. This is another reminder that regulatory headwinds remain one of the biggest risks for global exchanges.

Final Takeaway

The last 24 hours highlight the two faces of crypto: institutional adoption on one side, and volatility-driven risk on the other. While ETFs and tokenized deposits point toward mainstream integration, massive liquidations and regulatory fights show that the market remains turbulent.

The key question now: Will institutional adoption offset market fear, or are we heading into another round of crypto stress?