Crypto News Australia

Bitcoin fell to a multi-month low near US$65,000 (AU$100,750), down about 8% from Tuesday’s high, in one of the year’s largest liquidation events. More than US$1.8 billion (AU$2.79 billion) in leveraged positions were wiped out, including US$774 million (AU$1.2 billion) in Bitcoin long liquidations, CoinGlass data showed. Analysts disputed the cause, splitting between weakeni...

HYPE climbed to a record US$75.40 (AU$116.87) on Tuesday and traded near US$74 (AU$114.70) on Wednesday, above Solana’s roughly US$72 (AU$111.60).  Hyperliquid captured a record 6.63% of global perpetual futures volume in May and generated about US$53 million (AU$82.2 million) in network fees over 30 days, DeFiLlama data showed. Despite the price crossover, Solana remain...

Coinbase’s x402 protocol surpassed 100 million transactions on Base within around nine months, highlighting growing adoption of automated blockchain payments. While a memecoin experiment initially drove activity, usage persisted after the surge and wallet retention continued to trend higher. The share of value transferred through payments above US$1 (AU$1.40) increased signif...

TapTools will cease operations after citing rising costs and the loss of key personnel, marking another setback for the Cardano ecosystem. Charles Hoskinson warned that difficult market conditions could lead to additional project closures and consolidation across Cardano this year. Hoskinson said responsibility for addressing ecosystem challenges lies with the broader communi...

Bitcoin fell below US$67,000 (AU$93,800) on June 2 in its steepest one-day drop since February 5, pushing short-term holders to realise losses at their fastest pace since early February. On-chain data showed short-term holders sending 16,400 BTC to Binance at a loss and mid-sized investors moving 8,400 BTC onto the exchange, the heaviest inflows in nearly four months. Spot Bi...