[Bloomberg Strategist: Bitcoin May Drop to $10,000 by 2026] Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has warned that Bitcoin faces an 88% plunge risk to $10,000, predicting it could reach this level by 2026. McGlone stated that Bitcoin surpassing $100,000 might trigger a cycle leading to a pullback to $10,000. McGlone believes that a reversal in wealth creation will drive the next economic recession, primarily fueled by the collapse of highly speculative digital assets with unlimited supply. Currently, Bitcoin's price is fluctuating around $90,000, down 30% from the all-time high of $126,000 set in October.

A large short placed during off-hours sent EdgeX’s XYZ100 perpetual down nearly 4%, exposing risks in equity-index perps when traditional markets are closed. What to know : A newly created wallet executed a short worth roughly $10 million on EdgeX’s Nasdaq 100–linked perpetual, triggering a rapid 3.5% price drop and a liquidation cascade across long positions. With U.S. equity markets closed, traders cannot hedge exposure to the Nasdaq, leaving equity-index perps more susceptible to large orders and thin liquidity. EdgeX processed about $167 billion in perp volume last month, underscoring how fast-growing crypto derivatives platforms are pushing into tokenized equities.

[JPMorgan Launches Tokenized Money Market Fund MONY with Initial Funding of $100 Million on Ethereum] JPMorgan is launching a product called 'My OnChain Net Yield Fund' (abbreviated as MONY), a tokenized money market fund issued on the Ethereum blockchain, with an initial funding size of $100 million.

[Jeff Huang Increases Long Position by 125 ETH, Total Position Reaches 3,900 ETH] Jeff Huang has added another 125 ETH to his long position, bringing the current position size to 3,900 ETH (approximately $12.36 million), with an average entry price of $3,171.32 per ETH and an unrealized profit of $5,768.

KTA&TIBBIR Whale, which holds nearly $3.5 million in assets, swapped 50000 KTAs (approximately $14000) for 320120 EDELs about 4 hours ago. （Lookonchain）