Bitcoin’s rally above $64,000 on Monday was accompanied by a sharp spike in derivative-driven risk events, with short liquidations reaching their highest level in nearly a month. The move pushed BTC to around $64,550 on Bitstamp, according to market charting referenced by Crypto news coverage. On-chain analytics firm CryptoQuant linked the upswing to crowded short positioning and uneven funding rates across major exchanges—conditions that can force shorts to close rapidly and accelerate upward price moves. Even so, CryptoQuant and related reporting emphasized that weaker spot demand remains a key limitation for how long the rebound can last, especially after a week of net ETF outflows. Key takeaways CryptoQuant attributes Monday’s jump toward $64,500 to a short squeeze fueled by illiquid market conditions and funding-rate imbalances. Total Bitcoin short liquidations amounted to 637 BTC on Monday, the largest single-day figure since July 21, per CryptoQuant data. Funding rates shi...
BitBox, the Swiss hardware-wallet provider, has released a firmware update aimed at correcting two security vulnerabilities it characterized as “severe.” According to a security disclosure published on Monday, the patches address issues that could theoretically allow a malicious host to interfere with device behavior and, in one case, affect how Bitcoin is routed during Silent Payments. Key takeaways BitBox says its new firmware fixes a “severe” memory corruption issue affecting Multi editions of BitBox02 and BitBox02 Nova when the device has no wallet configured. The company also patched a “severe” weakness in its Silent Payments implementation that could potentially cause Bitcoin to be locked to an unintended address. BitBox reported receiving no claims that either vulnerability has been exploited in the wild or caused user losses. The update arrives amid heightened scrutiny of hardware-wallet supply chains and device security after high-profile wallet-related incidents. What...