Crypto Compass by BitcoinWalletSG #138

💥 Bullish Bets Wiped Out as Crypto Market Sees $1.5B Liquidated

More than US$1.5 billion of leveraged long positions were liquidated on Monday, sparking a broad market sell-off. Ether dropped as much as 9% down to about US$4,075, while Bitcoin fell nearly 3% to roughly US$112,000. Smaller tokens were hit the hardest.

📈 Long-Term Treasury Yields and Mortgage Rates Jump After Fed Cut

The Fed’s 25 bps cut to 4.00%–4.25% failed to push down long-term borrowing costs, 10-year Treasuries rose to ~4.14%, the 30-year to ~4.75%, and 30-year mortgage rates surged to ~6.35%. Markets are reacting more to inflation risks and heavy government debt than to hopes of easier credit. The result: tighter financial conditions despite the Fed’s attempt at easing.

 🔥 SafePal & Aster Team Up to Bring Perp Trading to 25M+ Users

SafePal has partnered with Aster, a decentralized perpetuals exchange (DEX) on BNB Chain, Ethereum, Arbitrum, and Solana, to natively integrate perp trading into the SafePal app (V4.10). Users can now get up to 100× leverage on crypto pairs (e.g. BTC, ETH) and 50× on tokenized blue-chip stocks like Amazon, Apple, Google, Nvidia, Tesla.

⚡ UK Regulator Ramps Up Crypto Approvals As Applications Drop

The UK’s Financial Conduct Authority (FCA) has slashed approval times for crypto service provider registrations by 69% since 2022-23, reducing the average wait from 511 days to 158 days. Despite this, total applications have fallen approximately 43.5% during that period, from 46 in 2022-23 to 26 in 2024-25.