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SEC's proposed Reg Crypto could reopen U.S. token fundraising. Grayscale sees potential benefits for Ethereum, Solana and BNB Chain.

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Ethereum vaulted beyond the $2,200 threshold on Wednesday, achieving this price level for the first time since early June 2026. This upward movement coincided with a comprehensive cryptocurrency market surge that propelled Bitcoin toward $70,000 and initiated widespread forced liquidations of bearish positions.

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A crypto trader known as pension-usdt.eth lost nearly $24 million after a massive Ethereum short position was liquidated on Hyperliquid, wiping out roughly half of the wallets previous short-selling profits. The trader had maintained a 50,000 ETH short position for more than two months before a sharp crypto market rally forced the trade to close.

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Bitcoin.com just added USDU to its self-custodial web and mobile wallet.