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Crypto Market Faces $439 Million Liquidations in 24 Hours, Short Positions Hit Hardest In the last 24 hours, liquidations across global crypto platforms reached a total of $439 million. Short positions accounted for the majority of liquidations, totaling $315 million, while long positions faced $124 million in losses. The largest liquidation was a $23.9894 million short position on the HTX BTC-USDT trading pair. Merry basedmes 🧑🎄 @base.base.eth
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US OCC Grants Conditional Approval for BitGo and Other Crypto Firms to Become National Trust Banks The Office of the Comptroller of the Currency (OCC) has granted conditional approval for BitGo to convert into a national trust bank, enabling it to custody digital assets and offer regulated crypto services upon final approval. Several other crypto companies, including Ripple, Circle, Fidelity, and Paxos, have also received similar conditional approvals. This development marks a significant step toward institutional integration and regulatory clarity within the crypto custody and services sector.