How Auto-Deleveraging on Crypto Perp Trading Platforms Can Shock and Anger Even Advanced Traders

⚪ Neutral
Auto-deleveraging is the emergency brake in crypto perpetuals that cuts part of winning positions when bankrupt liquidations overwhelm market depth and a venue’s remaining buffers, as Ambient Finance Founder Doug Colkitt explains in a new X thread.Perpetual futures — “perps” in trading shorthand — are cash-settled contracts with no expiry...
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Coinbase’s Upcoming Amex Card With BTC Cashback: Everything We Know So Far

📈 Bullish
Coinbase is preparing to launch a new American Express credit card in the U.S. this fall, and everything about it — from the design to the rewards — seems tailored to bitcoin enthusiasts.A card built around bitcoin’s origin storyUnlike most crypto-linked cards, Coinbase’s upcoming product isn’t just about perks —...
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Ethena's USDe Briefly Loses Peg During $19B Crypto Liquidation Cascade

⚪ Neutral
Ethana’s yield-bearing stablecoin, USDe, briefly lost its 1:1 dollar peg during the recent sharp market sell-off triggered by U.S. President Donald Trump’s announcement of a 100% additional tariff on China.On Binance, USDe dropped to 65 cents before quickly regaining parity with the dollar during what’s seen as crypto’s largest ever...
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