🩸Another $3.6 BILLION wipeout is WAITING...
$3.6B in Bitcoin shorts could be liquidated if $BTC
breaks above $80k.
Over $2.4B in BTC shorts have already been wiped out in the last 3 days.
Will we see more?
🩸A record-breaking BLOODBATH for crypto BEARS.
Crypto just saw the BIGGEST wipeout of BEARISH bets in history.
$2.74 BILLION in SHORTS were liquidated - 92% of the nearly $3B in positions wiped out over 24 hours.
Bitcoin shorts alone made up $1.37B, the largest BTC short liquidation .
Ethereum shorts added another $1.01B, also setting a new record.
For context, the ONLY bigger liquidation event was the Oct 10 crash...
but that was LONGS getting destroyed as the market fell.
This is the opposite.
Keeta $KTA stablecoins are coming.
Most of the conversation is about when.
We've been testing what you can build with them.
Specifically: whether a settlement token can hold a reserve that anyone can verify without being asked to trust a report 🧵
1/
Banks are getting a way to move real deposits across public blockchains
@KeetaNetwork and @LayerZero_Core are bringing tokenized commercial bank deposits to Ethereum, Solana, Base, and the Keeta Network, per The Block. Each token represents an actual deposit held through licensed money transmitter Bivo, not a pooled reserve.
Nine currencies launch this month, including the dollar, yen, and dirham, with issuing banks retaining full contract authority.
A consortium of major US banks is building a similar system as a closed, banks-only network.
KUSD, and our broader fiat infrastructure, is built for regulated financial movement where many Web3-focused stablecoins have fallen short. Compliance isn’t optional for the institutions we work with. We’ve heard firsthand from our partners that capabilities like built-in KYC are essential for their real-world adoption.
(1/5) Keeta now supports x402.
x402 is an open, HTTP-native payment standard built around the 402 Payment Required status code by @CoinbaseDev. It lets any API or endpoint charge for access, per request, per token, or per call, without accounts, API keys, or subscription billing.
Below is a breakdown of how it works on Keeta.
@schenkty@xescure@americaforevs@arc@tempo@schenkty crazy how people were spreading fud but the real ones and smart ones kept stacking. I can sense your genuineness from what I heard in the spaces call yesterday. Keep doing you and forget the haters. Patience is all we need! $kta is going to be remembered
@Crux_of_Crypto@CadeONeill $5 billion should not be hard to obtain...that's around cardano's now...$5 billion may be scratching the surface when the bull run starts
It is a pleasure to begin this journey with @KeetaNetwork , led by CEO @schenkty and supported by former Google CEO @ericschmidt. The UAE has always been a place that inspires ambition, innovation, and long-term thinking, and we are proud to play our part in that story. Through this partnership, we look forward to working hand in hand to contribute to the UAE’s vision while helping strengthen cross-border connectivity and unlock the potential of real-world assets through technology. This is only the beginning, and I am excited for what we can build together for the benefit of our nation and beyond.
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border payments in the Gulf Cooperation Council (GCC) region and beyond, contributing to the UAE's vision and commitment to growth as a global leader in digital finance and real-world asset infrastructure.
My Keeta Personal is working great now.
Been testing conversions between USDC and digital fiat today.
This one stood out to me. 5.00 USDC converted to 4.99 USD with almost no fee.
Seeing live conversion functionality between crypto and digital fiat currencies inside the same system is pretty wild when you actually start using it yourself.
Still early, but the functionality with Keeta Personal is impressive.
@KeetaNetwork $KTA