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Bitcoin Prices See Wild Trading as Trump Plans to Establish BTC as U.S. Strategic Asset
Over $24 million in bitcoin longs were liquidated in the past hour, data shows, amid Trump's speech at Bitcoin 2024.
Bitcoin price volatility boomed as former U.S. President Donald Trump's speech at Bitcoin 2024 in Nashville.
Trump unveiled plans to make a "strategic national bitcoin stockpile" if elected, which was in line with the market expectations heading into the speech.
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In the lead-up to Trump's comments, the digital asset rose above $69,000 on Saturday. The price fell to as low as $66,700 before jumping back over $68,000, data from CoinGecko shows, as traders digested the speech. The broader market index, CoinDesk20, followed the same pattern.
Nearly $24 million in longs, or bets on higher prices, were liquidated during the speech, which may have contributed to the price decline.
Read more: Trump Says Democrats Winning Election Will Be Disaster for Crypto: 'Every One of You Will Be Gone'
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Tarafından sipariş edildiKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Bilinmesi gerekenler:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Ethereum can move beyond Bitcoin-style limits as new scaling tools mature: Vitalik Buterin
PeerDAS is already live on Ethereum's mainnet, while zkEVMs are at an advanced stage, focusing on safety and scalability.
What to know:
- Ethereum co-founder Vitalik Buterin said that the network is nearing a pivotal moment with the transition of PeerDAS and zkEVMs from research to implementation.
- Buterin emphasized that these upgrades aim to overcome the blockchain trilemma by enhancing decentralization, consensus, and bandwidth simultaneously.
- PeerDAS is already live on Ethereum's mainnet, while zkEVMs are at an advanced stage, focusing on safety and scalability.
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