ArkotNews

Over $145 million in shorts against bitcoin prices were liquidated since early Asian morning hours on Tuesday.

The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.

Plus, investments in blockchain games and metaverse projects totaled $739 million for the quarter.

In filing a “friend of the court” brief, the Blockchain Association argues that financial privacy is fundamental – even in the digital realm.

Max Williams, chief operating officer at Runa Digital Assets, noted the upgrade will allow developers to focus on improving users' experience.

The firm didn’t comment on the new SEC filing, but did outline its crypto investment strategy.

Nuvei's shares fell by as much as 6% in premarket trading after Spruce Point warned of a 50% downside, but rebounded into positive territory mid-morning.

The high court's "major questions doctrine" could be used to limit the regulator's actions against crypto, said Jason Gottlieb, a partner at Morrison Cohen LLP.

The upgrade may in time attract a new group of investors, Brian Mosoff, said.

Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. They often exacerbate price moves.