Crypto teams up with U.S. government to defend stock perps in legal fight

A Hyperliquid trader closed out long positions in BTC and ETH 36 minutes ago, incurring a loss of $2.53 million. The trader currently holds $64.95 million in long positions in BTC and ETH, with both positions less than 2% away from the liquidation line. Unrealized losses amount to $9.79 million, and the account's total loss is -$17.51 million. Address: 0x6046…b21d. (Onchain Lens)

The cryptocurrency market experienced a decline, with SOL falling below $82, XRP falling below $1.05, ETH falling below $2015, and BTC falling below $73,000. In the past four hours, $600 million worth of leveraged cryptocurrency positions have been liquidated. (Watcher.Guru)

A whale address withdrew 1,770 BTC from Coinbase Prime, worth approximately $128.8 million. (Onchain Lens)

Crypto and prediction markets firms declared themselves on the side of the U.S. Commodity Futures Trading Commission, arguing perpetual futures aren't swaps.

The Polish parliament has passed a bill that extends state sanctions powers to freezing crypto assets, and the bill is now awaiting Senate approval.