While the market digests overnight volatility, key events are unfolding on several fronts at once: from a critical vulnerability in the Lightning infrastructure to a new round of regulatory pressure on prediction markets and an unprecedented alliance of major banks around stablecoins. Here is the main news that will shape trader sentiment at the start of the week.
Large Capital: A Cautious Start
Bitcoin began the day moving sideways. As of 07:35 (Moscow time), the first cryptocurrency is trading at $73,709 (about ₽6,084,575 per token). The intraday range over 24 hours is from $72,689 to $74,902, indicating a compression in volatility.
Ethereum, the second-largest cryptocurrency by market capitalization, by contrast, started with gains and is holding around $2,068 (₽170,711 per token).
Among the top 10 leaders, the best result over the past day was recorded by TRON (-0.04%), and over the week by BNB (-1.00%). The largest losses over 24 hours were suffered by Zcash (-11.33%), and over the week by XRP (-16.29%).
In the top 100, the best dynamics over the past day were shown by Lighter (+11.05%), and over the week by Pieverse (+52.78%), while this same coin fell more actively than others during the 24 hours (-12.07%). The maximum weekly losses were in XRP (-16.22%).
Liquidations: Long Positions Under Fire
Over the past day, positions of 115,741 traders were liquidated for a total of $723.58 million. The main blow fell on long positions — $571.09 million versus $152.49 million in shorts, as the market declined sharply the previous evening. The largest single liquidation order was recorded on the HTX exchange for the ETH-USDT pair at $31.52 million.
Public Companies: Correction in Crypto Stocks
Among public companies tied to cryptocurrencies, the shares that fell the most were IREN (-7.85%), Circle (-3.82%), and Strategy (-3.60%). Coinbase (-2.92%), BitMine Immersion (-2.85%), and Robinhood (-2.39%) also declined in price. Only Riot Platforms shares rose (+2.38%).
Sentiment: Fear Persists
The Fear and Greed Index dropped to 29 points, remaining in the fear zone. A day earlier the reading was 32 points, a week ago it was 34, and a month ago the index stood at 69 points, in the greed zone.
Main Events of the Morning
Vulnerability in LNbits. The platform for Bitcoin wallets on the Lightning network released an emergency update after a wave of attacks involving theft of funds. The vulnerability affects all versions up to 1.7.0, and operators are recommended to update urgently. LNbits is used by about 200,000 people — these are wallets, checkout systems for merchants, and subscription services. The update will not save those whose data may have already leaked: operators are advised to change wallet keys and passwords, and if a breach is suspected, to move to a new server. The scale of those affected and the attack mechanism have not yet been disclosed.
CFTC Pressure on Kalshi. The regulator has warned the Kalshi prediction market of possible charges. The investigation has lasted several months and concerns whether the platform properly notified the agency about the launch of new contracts — dozens of products are in question. Kalshi called this a procedural error affecting only a few contracts and assured that the issue is already being resolved. The situation is notable because in other cases the CFTC and Kalshi are allies.
$270 Million for Project Faro. A consortium of 21 financial institutions, including Goldman Sachs, Citigroup, Deutsche Bank, and BBVA, has allocated about $270 million to the stablecoin project Project Faro. The funds should be enough for five years of work; the issuance of a US dollar stablecoin is planned for the first half of 2027, followed by all G7 currencies, with the euro next. About 85% of the stablecoin market, worth roughly $290 billion, is occupied by USDT from Tether and USDC from Circle, but consortium participants already have millions of customers and payment networks to promote the new coin.
Cryptalist Analysis: The market is demonstrating a classic picture of consolidation amid fear: Bitcoin's sideways movement, liquidations skewed toward longs, and a sentiment index at 29 all point to capital caution. At the same time, the institutional track — from the banking stablecoin Project Faro to regulatory pressure on Kalshi — is shaping the long-term structure of the market, which may prove more important than short-term price fluctuations.