#450m

Beth LindopSep 2, 2025, 07:25 AM ET Shut Based mostly in Liverpool, Beth Lindop is ESPN’s Liverpool correspondent and in addition covers the WSL and UWCL. The message from the Liverpool followers was clear. Because the mud settled on their workforce’s pulsating 3-2 victory over Newcastle United at St James’s Park final week, the away supporters clamored for his or her opponents to “hand him…

Beth LindopSep 2, 2025, 07:25 AM ET Close Based in Liverpool, Beth Lindop is ESPN’s Liverpool correspondent and also covers the WSL and UWCL. The message from the Liverpool fans was clear. As the dust settled on their team’s pulsating 3-2 victory over Newcastle United at St James’s Park last week, the away supporters clamored for their opponents to “hand him over.” The “him” in question, of…

Might 22, 2025, 01:59 PM ET New York Liberty house owners offered shares within the WNBA group at a document valuation of $450 million for a girls’s professional sports activities franchise, in response to a number of reviews Thursday. The capital raised from the sale, which signify a proportion share within the “mid-teens,” is believed to be earmarked towards building of a follow facility in…

OMAHA, Neb. — The University of Nebraska is planning a $450 million renovation of the Cornhuskers’ football stadium in Lincoln and at the same time looking to cut millions of dollars from the university system, leading critics to question whether officials care more about athletics than academics. Faculty at Nebraska and nationally acknowledge the importance of athletics at a Big Ten university…

Over $450M Shorts Liquidated in 24 Hours as Crypto Market Extends Rally

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Image Source: Pixabay

Traders betting against the crypto market have suffered more than $450 million in losses over the past 24 hours as major cryptocurrencies surged higher in one of the most impressive rallies in about a year. 

According to data by CoinGlass, short traders suffered around $457 million across major centralized exchanges over the past day. Crypto exchange OKX took the lion’s share of these liquidations at over $241 million, followed by Binance at $116 million. 

Aside from short traders, long traders have also been caught off guard as over $108 million in long positions were liquidated. This brings the total value of liquidated positions over the past day to more than $727 million, a level not seen since November 8 when trouble hit the crypto exchange FTX.

The bulk amount of liquidations came over the past 12 hours, data by CoinGlass show, with the value of liquidated positions reaching $514 million. 

Bitcoin-tracked futures experienced $23 million in both short and long liquidations over the past day while Ethererum-linked futures saw over $16.8 million in liquidations. Solana, DogeCoin, and Aptos-tracked futures also saw around $3 million worth of liquidations. 

The record level of liquidations come as major cryptocurrencies broke above key resistance levels and extended their rallies. Bitcoin, the world’s largest cryptocurrency, passed the $21,000 price mark at one point over the past day while Ethereum reached around $1,600. Both coins have gained around 10% over the past day.

Meanwhile, there has also been a steep rise in activity in the futures market for digital currencies. As noted by Crypto Quant’s Ki Young Jun, buyers entered the market early Saturday morning, purchasing around $4 billion worth of bitcoin futures.

While a mix of factors might have impacted the recent crypto rally, the crypto market managed to gather momentum after new data released Thursday by the U.S. Department of Labor indicated a cooldown in inflation.

As expected, the annual inflation rate fell to 6.5% in December, compared to 7.1% in November. Month-over-month, inflation cooled by 0.1%, compared to the 0.1% increase last month. Core CPI, which does not take volatile food and energy prices into account, fell to 5.7% from 6% in November.

Lower inflation is usually viewed as bullish for risk assets like crypto as it puts pressure on the US Federal Reserve to slow down interest rate increases. Over the past year, the Fed and other central banks worldwide have been raising interest rates aggressively, creating an unfavorable environment for crypto and other risk assets. 

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Sam Bankman-Fried wants to retain ownership of Robinhood shares worth $450M

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FTX founder Sam Bankman-Fried wants to retain control of Robinhood shares worth $450 million on the basis that the bankrupt exchange has no “legal claims” over the assets, according to a Jan. 5 court filing.

SBF said he and Gary Wang originally owned the shares. He added that the shares are not owned by Alameda Research or any other entity implicated in the FTX bankruptcy.

According to the court filing, the FTX debtor’s argument that Alameda financed the shares’ purchase under suspicious circumstances was false, as they were memorialized in four promissory notes.

The SBF’s filing added that it was “improper for the FTX Debtors to ask the Court to simply assume that everything Mr. Bankman-Fried ever touched is presumptively fraudulent.”

In a Dec. 22 filing, FTX urged the court to freeze the Robinhood shares until they can be distributed among FTX creditors.

BlockFi agrees with SBF’s motion

Meanwhile, bankrupt crypto lender BlockFi also argued against FTX’s request to freeze the shares in a separate filing on Jan. 5.

According to the crypto lender, FTX does not have the right to the shares that were pledged as collateral for a loan that Alameda secured from the crypto lender. The lender

However, all parties still have to contend with the US Department of Justice. The DOJ said it would be seizing the shares as part of its action against SBF. The DOJ counsel told the court that they believed that the assets did not belong to the bankruptcy estate.

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