Unicoin says the SEC distorted its filings to manufacture a $100 million fraud case, asking a New York federal judge to dismiss the Unicoin SEC lawsuit for relying on out-of-context
A team of seasoned crypto executives is aiming to raise $200 million through a special purpose acquisition company (SPAC), adding to the surge of blockchain-related firms seeking public market exposure. Key Takeaways: Bitcoin Infrastructure Acquisition Corp. plans to raise $200 million via a Nasdaq-listed crypto SPAC under the ticker “BIXIU.” The SPAC will target firms in Web3, DeFi, and blockchain infrastructure, including wallets and tokenized finance tools. The launch adds to a surge in crypto SPAC activity, with $575 million raised in just two days. The newly formed Bitcoin Infrastructure Acquisition Corp. Ltd., based in the Cayman Islands, filed with the US Securities and Exchange Commission on Wednesday to offer 20 million shares at $10 each. The firm plans to list on Nasdaq under the ticker “BIXIU.” Crypto SPAC Targets Web3, DeFi, and Blockchain Finance Sectors The blank-check company has not yet selected a merger target but said it would focus on firms operating in digital assets, Web3, financial infrastructure, and blockchain-powered sectors such as payments, decentralized finance (DeFi), and cross-border finance. The company emphasized its intent to back core infrastructure ventures like wallets, custody platforms, exchanges, lending protocols, and tokenized financial tools. Leading the SPAC is CEO Ryan Gentry, previously head of business development at Lightning Labs, the firm behind Bitcoin’s layer-2 Lightning Network. Before that, Gentry was an analyst at Multicoin Capital, a venture fund known for its bets on crypto-native firms and rumored to be working on a $1 billion Solana-focused takeover bid with Galaxy Digital and Jump Crypto. Jim DeAngelis will serve as chief financial officer. He most recently led finance at Kroll, a risk advisory firm involved in numerous crypto bankruptcy cases, including FTX, BlockFi, and Genesis. S-1 filed for Bitcoin Infrastructure Acquisition Corp Ltd. CEO is x-Lightning Labs and Multicoin Capital. $BIXIU pic.twitter.com/jGcScQ9gnR — UnHedgedChatter (@UnHedgedChatter) August 28, 2025 Kroll is currently facing legal action over a data breach that affected creditor data tied to those bankruptcies. Also joining the leadership team is Vikas Mittal, chief investment officer at Meteora Capital, which is sponsoring the IPO. Mittal also chairs CSLM Digital Asset Acquisition Corp III, another crypto-focused SPAC that raised $230 million in its IPO this week. The board of Bitcoin Infrastructure features several notable names from the crypto industry. Parker White, a former Kraken engineering director and current COO at DeFi Development Corporation, will chair the board. Other members include Matt Lohstroh, co-founder of Bitcoin miner Giga Energy, and Tyler Evans, who co-founded Bitcoin Magazine publisher BTC Inc and currently heads UTXO Management. The launch comes amid a flurry of crypto-linked SPAC activity. In addition to CSLM’s $230 million raise, M3-Brigade Acquisition VI Corp closed a $345 million IPO this week, bringing the two-day SPAC fundraising total to $575 million. Investor Appetite Surges After Circle’s Blockbuster Debut The new wave of crypto-focused SPACs comes amid heightened investor interest in digital asset listings. Circle’s June debut saw shares surge nearly 10x from the $31 offering price before settling at $149, underscoring strong market appetite for regulated crypto firms. This month, institutional exchange Bullish more than tripled from its $37 IPO price on its first trading day, closing near $70 on Friday. Several other crypto firms, including OKX, Grayscale, and Kraken, have either hinted at or initiated plans to go public. Meanwhile, listed industry leaders like Coinbase and MicroStrategy have recently hit multi-year highs. The post Crypto Execs Launch $200M SPAC Bid with Nasdaq Listing Under ‘BIXIU’ appeared first on Cryptonews .
COINOTAG News reports that on August 26 the TRON Super Representatives community submitted and subsequently approved a proposal to implement a 60% reduction in Tron network fees, with the adjustment
Zhao predicted that decentralized exchanges (DEXs) could eventually overtake centralized exchanges (CEXs). AI-supported agents can provide secure and quick order execution in crypto trading. Continue Reading: Changpeng Zhao Shares Bold Vision for the Future of Decentralized Exchanges The post Changpeng Zhao Shares Bold Vision for the Future of Decentralized Exchanges appeared first on COINTURK NEWS .
The concept of AI psychosis emerged publicly in mid-2025, highlighting mental health issues linked to AI usage. While tech companies are not mandated to control AI usage, they can still implement safeguards to prevent chatbots from reinforcing delusional thinking. Experts agree on the need for tech companies to support at-risk individuals, though opinions vary on
Unicoin has claimed the SEC distorted the company’s filings with the agency to bring its $100 million fraud lawsuit.
The CFTC’s Division of Market Oversight issued an advisory on Thursday stating that U.S.-based users can now trade on non-U.S. crypto exchanges such as Binance. The advisory clarifies the Foreign Board of Trade (FBOT) registration framework, which allows non-US exchanges to provide direct market access to US customers. “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by enforcement approach of the past several years,” said Acting Chairman Caroline Pham. CFTC’s Pivot to Crypto The advisory addresses confusion caused by recent enforcement actions that departed from decades of CFTC precedent , clarifying that foreign exchanges can register as FBOTs rather than having to become Designated Contract Markets (DCMs). Pham explicitly mentioned “a path back to US markets” for American crypto companies that were forced overseas due to regulatory uncertainty. “By reaffirming the CFTC’s longstanding approach to provide US traders with choice and access to the deepest and most liquid global markets, with a wide range of products and asset classes, American companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading now have a path back to US markets.” Many American firms were forced to relocate overseas during the Biden administration’s “ war on crypto .” Additionally, Americans have been able to trade on CFTC-registered foreign exchanges since the 1990s through the FBOT framework, which Pham called “the simplest and fastest solution.” “Starting now, the CFTC welcomes back Americans that want to trade efficiently and safely under CFTC regulations, and opens up US markets to the rest of the world,” Pham said before adding: “It’s just another example of how the CFTC will continue to deliver wins for President Trump as part of our crypto sprint.” Enhancing Crypto Fraud Protection Earlier this week, the CFTC announced that it was deploying Nasdaq’s advanced market surveillance technology to replace its decades-old legacy system while enhancing fraud detection across traditional and crypto derivatives markets. “As our markets continue to evolve and integrate new technology, it’s critical that the CFTC stays ahead of the curve,” said Pham. The new system provides automated alerts, cross-market analytics, and real-time monitoring across multiple asset classes, including commodities, currencies, and crypto assets. The post CFTC Opens Doors for Americans to Trade on Non-US Crypto Exchanges appeared first on CryptoPotato .
BitcoinWorld BTC Perpetual Futures: Unveiling Crucial Long/Short Ratio Insights Are you keeping an eye on the pulse of the cryptocurrency market? For many traders, understanding market sentiment is as crucial as analyzing price charts. One powerful indicator that reveals the collective mood of participants in the derivatives market is the BTC perpetual futures long/short ratio. This metric offers a unique glimpse into whether traders are predominantly betting on Bitcoin’s price to rise (long) or fall (short) on major exchanges. Understanding the BTC Perpetual Futures Long/Short Ratio The BTC perpetual futures long/short ratio essentially compares the number of long positions to short positions held by traders. Perpetual futures contracts are a popular derivative product in crypto, allowing traders to speculate on an asset’s price without an expiry date, much like traditional spot trading but with leverage. A higher long ratio suggests bullish sentiment, while a higher short ratio indicates bearish sentiment. Why is this important? Because it reflects the aggregated view of thousands of traders. By tracking this ratio, especially across top exchanges, we gain valuable insights into potential market shifts and prevailing expectations. It’s a real-time snapshot of where the smart money, or at least the collective money, is leaning. Current Market Sentiment: A Snapshot of BTC Perpetual Futures Let’s dive into the most recent 24-hour long/short position ratios for BTC perpetual futures across the world’s top three cryptocurrency futures exchanges by open interest. The overall picture provides a fascinating insight into the current market sentiment: Overall: 41.19% long / 50.81% short This overall ratio suggests a slight bearish bias in the market. More traders are currently holding short positions than long positions, indicating a general expectation that Bitcoin’s price might experience a downward movement in the near term. However, this is just the aggregated view. Let’s explore the individual exchanges to see if there are any significant divergences. How Do Top Exchanges Differ in BTC Perpetual Futures Sentiment? Examining the data from individual platforms can reveal nuances in trading behavior. Each exchange attracts a slightly different user base, which can influence their respective long/short ratios. Here’s a breakdown of the BTC perpetual futures ratios: Binance: 47.8% long / 52.2% short Bybit: 49.63% long / 50.37% short Gate.io: 50.12% long / 49.88% short As you can see, while all three exchanges show a slightly higher percentage of short positions, the intensity varies. Binance, a giant in the space, has a more pronounced short bias compared to Bybit. Interestingly, Gate.io stands out with a very slight lean towards long positions, almost perfectly balanced, suggesting a more divided or less convinced directional bias among its users compared to the other two. What Actionable Insights Can Traders Gain from These Ratios? Understanding these BTC perpetual futures ratios offers several actionable insights for traders. First, a high short ratio, as seen overall, can sometimes be a contrarian indicator. If too many traders are short, a sudden upward price movement could trigger a “short squeeze,” where short sellers are forced to buy back to cover their positions, further fueling the rally. Conversely, a heavily long-biased market could be vulnerable to a “long squeeze” if prices fall. Moreover, comparing ratios across exchanges can highlight potential arbitrage opportunities or unique sentiment pockets. For instance, if one exchange is overwhelmingly long while another is overwhelmingly short, it might signal different market expectations among their respective user bases, which could be exploited by sophisticated traders. Navigating the Challenges of Using Long/Short Ratios for BTC Perpetual Futures While invaluable, relying solely on BTC perpetual futures long/short ratios can be challenging. These ratios are snapshots in time and can change rapidly. They do not predict the future with certainty. Other factors like macroeconomic news, regulatory developments, and on-chain metrics also play significant roles in Bitcoin’s price action. It is crucial to use this data in conjunction with other technical and fundamental analysis tools. Furthermore, the “top three exchanges” are determined by open interest, which is a dynamic metric itself. Always consider the broader market context and your own risk tolerance when making trading decisions based on these indicators. Summary: Decoding Market Sentiment Through BTC Perpetual Futures The BTC perpetual futures long/short ratio provides a powerful lens through which to view immediate market sentiment. Currently, the overall sentiment leans slightly bearish, with a higher percentage of short positions across the top exchanges. While Binance and Bybit reflect this bearish tilt, Gate.io shows a more balanced, almost neutral, stance among its traders. For traders, these ratios are not crystal balls but rather crucial indicators for gauging market conviction. They can help identify potential short squeezes, long squeezes, and even differentiate sentiment across various trading platforms. Always remember to integrate this information with a comprehensive trading strategy to make informed decisions in the volatile crypto market. Stay informed, stay strategic! Frequently Asked Questions (FAQs) Q1: What is the BTC perpetual futures long/short ratio? A: It’s a metric that compares the total number of long (buy) positions to short (sell) positions for Bitcoin perpetual futures contracts on an exchange, indicating overall market sentiment. Q2: Why is the long/short ratio important for traders? A: This ratio provides insights into the collective market sentiment, helping traders gauge whether the majority expects Bitcoin’s price to rise or fall. It can also hint at potential short or long squeezes. Q3: What does a high short ratio indicate? A: A high short ratio suggests that more traders are betting on a price decrease. While often seen as bearish, it can sometimes be a contrarian indicator, potentially leading to a short squeeze if prices unexpectedly rise. Q4: How should I use this information in my trading strategy? A: Use the long/short ratio as one piece of your overall analysis. Combine it with technical indicators, fundamental news, and on-chain data to form a more comprehensive trading strategy. It’s a sentiment indicator, not a definitive prediction. Q5: Are these ratios definitive predictions of price movements? A: No, these ratios are not definitive predictions. They are snapshots of current market sentiment and can change rapidly. They should be used as a guide alongside other analytical tools. Did you find these insights into the BTC perpetual futures long/short ratio helpful? Share this article with your fellow crypto enthusiasts and traders on social media to spread the knowledge and foster informed discussions! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post BTC Perpetual Futures: Unveiling Crucial Long/Short Ratio Insights first appeared on BitcoinWorld and is written by Editorial Team
XRP breakout appears likely as long-term consolidation patterns — falling wedges and descending triangles — mirror prior cycles, suggesting a potential upside breakout. Price action near $2.91 points to a
21Shares has submitted an S-1 registration statement with the SEC for an SEI exchange-traded fund (ETF), in an effort to broaden its crypto product lineup. Per the exchange, the fund, 21Shares SEI ETF, will offer investors exposure to SEI, the native token of the Sei Network. The 21Shares SEI ETF, once live, will track the CF SEI-Dollar Reference Rate in USD. Moreover, the fund could potentially stake some of its SEI to generate rewards, but 21Shares has not confirmed if this will be done. The exchange commented on their filing on X, describing it as a “key milestone in our vision to expand exchange-traded access to the SEI Network.” Coinbase Custody Trust Company will hold custody of investors’ assets for the 21Shares ETF Sei Network is built as a Layer 1 blockchain and focuses on high-performance trading and exchange-based apps. SEI, its native token, is used for fees, governance, and staking. According to the SEC, an SEI ETF is structured as a passive product, intended only to mirror SEI’s price movements. It will not employ leverage, derivatives, or speculative trading. On August 28, 21Shares filed an S-1 registration statement with the SEC for its SEI ETF. The fund’s performance will be based on the CF SEI-Dollar Reference Rate, a benchmark managed by CF Benchmarks Ltd. that aggregates SEI trades from multiple venues. This measure values shares daily, with Coinbase Custody managing the fund’s SEI holdings. Staking SEI to generate extra yield remains an option for the Trust, but only if the Sponsor determines there are no legal or tax issues. The Sponsor has yet to authorize staking, though liquid staking tokens may be considered later if allowed. Any staking, however, would be outsourced to third-party providers. Shares of the Sei ETF may be subscribed to or redeemed by Authorized Participants using cash or in-kind transfers. When cash is used, a third-party SEI Counterparty converts the funds into SEI. It deposits them with the Custodian, since the Trust does not handle SEI dealings directly with Authorized Participants. For in-kind subscriptions, Authorized Participants deposit SEI with the Trust, which then issues shares reflecting the net value of that SEI. Upon redemption, they receive either SEI or the corresponding cash amount based on the benchmark rate. Nonetheless, the company will be looking for a timely SEC decision, though the regulator has a history of delays, including its recent postponement of the 21Shares Polkadot ETF . Coinbase Custody Trust Company will be the custodian for the ETF. The firm also provided custody services for 21Shares’ ONDO tokens when that ETF was filed. According to the exchange’s filing, all assets will be in cold storage, while private keys will remain offline to prevent theft or misplacement. Canary Capital filed its SEI ETF application in April With the ETF filing, 21Shares joins the growing SEI ETF competition, first sparked by Canary Capital’s S-1 and later by Cboe’s 19b-4 for a staked version. In April, Canary Capital applied for its SEI ETF, which, at the time, claimed it would provide both institutional and retail investors with exposure to staked SEI and potential staking rewards. Following Canary Capital’s filing, Justin Barlow, the executive director of the Sei Development Foundation, even said ETFs were an on-ramp to broader acceptance, an instrument that bridged crypto with mainstream finance. Multiple other exchanges have submitted altcoin ETF applications for the US regulator to review. VanEck, Bitwise, and Grayscale have filed with the SEC for Solana ETFs, as other asset managers explore offerings tied to XRP, Cardano, Dogecoin, HBAR, and Litecoin. Analysts at Bloomberg put the approval odds for many of these ETFs at above 90%. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites