Leverage

Senate sets markup date for market structure
The Senate Banking Committee has scheduled a May 14 markup for the Digital Asset Market Clarity Act, the bill's first serious shot at advancement after a January delay. The White House wants it passed by July 4, but the banking industry still has reservations. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

Strategy Surpasses BlackRock as World's Biggest Bitcoin Holder
Strategy now holds 815,061 BTC, edging past BlackRock's IBIT for the first time since Q2 2024, after a $2.54 billion bitcoin purchase. It's the first time a single corporate treasury has outpaced the world's largest spot bitcoin ETF. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

Crypto Leverage Hits Record High in Q3 as DeFi Dominance Reshapes Market Structure: Galaxy
Onchain lending drove crypto-collateralized debt to a new peak in last quarter, but the leverage underpinning the market is now better collateralized than during the previous cycle.

Crypto Liquidity Still Hollow After October Crash, Risking Sharp Price Swings
Despite calmer prices after October’s brutal leverage wipeout, bitcoin and ether market depth remains structurally thin, creating a more fragile trading environment.

South Korea Tells Crypto Firms to Stop Launching New Lending Products as Leverage Risk Builds
Regulators froze new lending products after forced liquidations and market distortions, but some analysts say improvements, not shutdowns, are the smarter path forward.

Asia Morning Briefing: Crypto's Rising Leverage Trades Show Signs of Stress, Galaxy Digital Says
Crypto loans are back near bull-market highs, but last week’s $1B liquidation shows leverage is cutting both ways.

Strategy Bears Cave In as Anti-MSTR Leveraged ETF Hits Rock Bottom
The Defiance daily target 2x short MSTR ETF fell to a record low for the fourth consecutive day.

Bitcoin Rockets Past $118K, Leads to Over $1B Shorts Getting Liquidated
Roughly 237,000 traders were liquidated in total, with the single largest hit being an $88.5 million BTC-USDT short on HTX.

HyperLiquid Trader Turns $10M Profit Into $2.5M Loss as Bitcoin Falls
The trader also lost $12.5 million on a bitcoin long last week.

Leverage Reconfigures in Q1: DeFi Recovers, CeFi Quietly Expands, Treasury Debt Mounts
Galaxy’s latest report shows crypto leverage fell overall, but structural shifts in DeFi, CeFi and treasury financing signal rising interdependence and hidden risk.

