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2 Jun 2026, 23:20

Crypto-backed PACs spend over $3 million in Maryland primaries

🪙 Crypto PACs poured over $3.1 million into Maryland’s primaries. Protect Progress backed Democrat Adrian Boafo and spent millions on campaigns in key districts. 🗳️ In recent Texas primaries, anti-crypto lawmakers backed by $BTC rivals lost their seats. Continue Reading: Crypto-backed PACs spend over $3 million in Maryland primaries The post Crypto-backed PACs spend over $3 million in Maryland primaries appeared first on COINTURK NEWS .

2 Jun 2026, 23:15

Cyera targets $12B valuation at 80x ARR multiple despite ongoing operating losses

BitcoinWorld Cyera targets $12B valuation at 80x ARR multiple despite ongoing operating losses Data storage security company Cyera is finalizing a new funding round of at least $300 million led by Evolution Equity Partners, according to four people with knowledge of the deal, valuing the company at approximately $12 billion. The round comes just five months after Cyera announced a $400 million Series F at a $9 billion valuation, highlighting the rapid growth and investor appetite for AI-focused cybersecurity platforms. Financials and valuation details Cyera has surpassed $150 million in annual recurring revenue (ARR), three people familiar with the matter told Bitcoin World, though the company remains far from profitable. The new round values Cyera at 80 times its ARR, a multiple that exceeds what many fast-growing AI startups command. Sources indicated the company is spending money faster than it earns it, with significant costs directed at hiring sales staff. According to PitchBook, Cyera has added 500 jobs so far this year. A Cyera spokesperson said that “the numbers cited are factually and significantly inaccurate.” Evolution Equity Partners did not respond to a request for comment. Context and market implications Founded in 2021, Cyera has benefited from rising enterprise demand for data protection tools capable of defending against AI-powered attacks. When it announced its Series F, the company claimed its customer base included one-fifth of the Fortune 500, and that its revenue had more than tripled in 2025. In recent months, Cyera has used its capital to finance operating losses as well as acquire other cybersecurity startups, including Index Ventures-backed Ryft and Genie Security, which was less than a year old at the time of acquisition. Why this matters for investors and the cybersecurity sector The deal reflects a broader trend where investors are assigning premium valuations to cybersecurity companies that demonstrate rapid revenue growth, even if they are not yet profitable. The 80x ARR multiple is notably high, even by the standards of the AI boom, and suggests that Evolution Equity Partners and other backers are betting on Cyera’s long-term market position. However, the company’s operating losses and aggressive hiring raise questions about its path to profitability. The new round will bring Cyera’s total capital raised to at least $2 billion, positioning it as one of the most heavily funded startups in the data security space. Conclusion Cyera’s rapid valuation growth underscores the intense investor interest in AI-driven cybersecurity, but also highlights the high burn rates and competitive pressures facing companies in this space. The upcoming round, expected to close soon, will provide Cyera with additional runway to scale its sales force and pursue further acquisitions, while the company’s financial disclosures remain a point of contention with its spokesperson. For the cybersecurity industry, Cyera’s trajectory offers a case study in how venture capital is flowing into AI-native security platforms at unprecedented multiples. FAQs Q1: What is Cyera’s new valuation? Cyera is targeting a $12 billion valuation in its latest funding round, up from $9 billion in its Series F announced five months ago. Q2: How much revenue does Cyera generate? According to sources, Cyera has surpassed $150 million in annual recurring revenue (ARR), though the company disputes the accuracy of those figures. Q3: Why is Cyera valued at such a high multiple? The 80x ARR multiple reflects investor confidence in Cyera’s growth trajectory and its role in protecting enterprises from AI-powered cyber threats, despite ongoing operating losses. This post Cyera targets $12B valuation at 80x ARR multiple despite ongoing operating losses first appeared on BitcoinWorld .

2 Jun 2026, 23:10

Crypto Market Sees $1.6 Billion in Futures Liquidations as Sell-Off Intensifies

BitcoinWorld Crypto Market Sees $1.6 Billion in Futures Liquidations as Sell-Off Intensifies The cryptocurrency market experienced a sharp and sudden downturn in the past 24 hours, triggering a cascade of leveraged position closures across major exchanges. Data shows that over $146 million in futures contracts were liquidated in the last hour alone, contributing to a staggering $1.628 billion in total liquidations over the full day. This marks one of the most significant single-day liquidation events in recent months, catching many traders off guard. What Drove the Sudden Market Sell-Off? The liquidation event was concentrated across both long and short positions, though long positions bore the brunt of the losses as prices dropped sharply. Bitcoin, the leading cryptocurrency by market capitalization, saw its price fall below key support levels, triggering stop-losses and margin calls across the board. Ethereum and other major altcoins followed suit, with some tokens experiencing double-digit percentage declines. While the exact catalyst remains unclear, analysts point to a combination of factors including profit-taking after a recent rally, concerns over regulatory developments, and broader macroeconomic uncertainty. The speed of the decline suggests a cascade effect, where falling prices forced leveraged longs to close, which in turn drove prices even lower. Understanding the Scale of the Liquidations To put the numbers into perspective, the $1.628 billion in liquidations over 24 hours represents a significant portion of the total open interest in the futures market. The bulk of these liquidations occurred on Binance, OKX, and Bybit, which are the largest platforms for leveraged crypto trading. The hourly liquidation figure of $146 million indicates that the selling pressure intensified rapidly, suggesting a coordinated or panic-driven event. For comparison, the average daily liquidation figure over the past month has been around $300 to $500 million, making this event roughly three to five times larger than normal. What This Means for Retail and Institutional Traders For retail traders, this event serves as a stark reminder of the risks associated with high leverage. Many positions were opened with 10x to 50x leverage, meaning that even a 2% to 10% move against the position could result in a total loss of capital. Institutional traders, while often using lower leverage, are also exposed to systemic risk when market liquidity dries up. The liquidation cascade can create a feedback loop, amplifying volatility and making it difficult to exit positions without significant slippage. Traders should review their risk management strategies, including the use of stop-losses and appropriate position sizing. Conclusion The $1.6 billion liquidation event underscores the inherent volatility and risk in the cryptocurrency futures market. While such events are not unprecedented, they serve as critical market resets, clearing out excessive leverage and often setting the stage for more stable price action. For now, traders are watching key support levels closely, as further downside could trigger another wave of liquidations. The market’s ability to absorb this shock without a prolonged downturn will be a key indicator of its current health and resilience. FAQs Q1: What exactly is a futures liquidation? A futures liquidation occurs when a trader’s position is automatically closed by the exchange because the margin balance has fallen below the required maintenance level. This happens when the market moves against the trader’s leveraged position, resulting in a total loss of the initial margin. Q2: Who is affected by these large liquidation events? Both retail and institutional traders using leverage are directly affected. However, the broader market is also impacted as liquidations can cause sharp price movements, increased volatility, and reduced liquidity, affecting all market participants, including spot traders. Q3: How can traders protect themselves from liquidation cascades? Traders can mitigate risk by using lower leverage (e.g., 2x to 5x), setting stop-loss orders, diversifying their portfolio, and avoiding over-concentration in a single asset. Additionally, monitoring market volatility indicators and news events can help traders anticipate potential sharp moves. This post Crypto Market Sees $1.6 Billion in Futures Liquidations as Sell-Off Intensifies first appeared on BitcoinWorld .

2 Jun 2026, 23:05

Crypto Liquidation Cascade: $223 Million Wiped Out in One Hour as Market Volatility Surges

BitcoinWorld Crypto Liquidation Cascade: $223 Million Wiped Out in One Hour as Market Volatility Surges The cryptocurrency derivatives market experienced a significant shakeout in the past hour, with over $223 million worth of futures positions forcibly closed across major exchanges. This rapid deleveraging event brings the total 24-hour liquidation figure to $833 million, according to data aggregated from leading trading platforms. Sudden Spike in Liquidations Signals Market Stress The liquidation data, compiled from exchanges including Binance, Bybit, and OKX, reveals a concentrated burst of forced closures that began approximately 60 minutes ago. The majority of the liquidations have affected long positions, indicating a sudden downward price movement that caught leveraged traders off guard. While the exact trigger remains unclear, such events are often linked to a sharp price drop in major assets like Bitcoin or Ethereum, which then cascades through the derivatives market. This is not an isolated incident. The $833 million in total liquidations over the past 24 hours represents one of the higher daily totals seen in recent weeks, suggesting that market leverage has been building and is now being unwound. Historically, such liquidation cascades can amplify volatility, as forced selling drives prices lower, triggering further liquidations in a feedback loop. Implications for Traders and the Broader Market For active traders, this event serves as a stark reminder of the risks inherent in high-leverage futures trading. When the market moves against a leveraged position, exchanges automatically close the trade to prevent losses from exceeding the initial margin. This process, while protective for the exchange, can lead to rapid and significant losses for individual traders. What This Means for Market Direction Liquidation events of this magnitude can sometimes mark a local bottom, as the forced selling exhausts the immediate supply of leveraged sellers. However, they can also signal the beginning of a deeper correction if the underlying market sentiment is bearish. Traders should monitor on-chain data and spot market volumes for signs of stabilization. The current event underscores the importance of risk management, particularly the use of stop-losses and appropriate position sizing. Conclusion The $223 million in hourly liquidations and $833 million in 24-hour liquidations highlight the volatile nature of the cryptocurrency derivatives market. While such events are not unprecedented, they serve as a critical data point for understanding current market leverage and sentiment. As the situation develops, traders and analysts will be watching for any follow-through moves that could indicate a broader trend shift. FAQs Q1: What is a futures liquidation? A: A futures liquidation occurs when a trader’s position is forcibly closed by the exchange because the account’s margin balance has fallen below the required maintenance level, typically due to an adverse price move. Q2: Why do liquidations happen in clusters? A: Liquidations often cluster because a sharp price move triggers forced closures, which in turn add selling (or buying) pressure, moving the price further and triggering additional liquidations. This is known as a liquidation cascade. Q3: How can traders protect themselves from liquidation? A: Traders can reduce liquidation risk by using lower leverage, setting stop-loss orders to automatically exit positions before a full liquidation, and maintaining a sufficient margin buffer above the maintenance requirement. This post Crypto Liquidation Cascade: $223 Million Wiped Out in One Hour as Market Volatility Surges first appeared on BitcoinWorld .

2 Jun 2026, 23:05

Bitcoin loses 9 percent in just 48 hours! What’s behind the selloff?

🚨 Bitcoin crashed 9 percent in 48 hours and briefly slid under $67,000 support. $176 billion evaporated from the crypto market amid surging liquidations in $BTC. 💡 AI stocks are drawing massive attention as investors turn away from risk assets. Continue Reading: Bitcoin loses 9 percent in just 48 hours! What’s behind the selloff? The post Bitcoin loses 9 percent in just 48 hours! What’s behind the selloff? appeared first on COINTURK NEWS .

2 Jun 2026, 23:00

Ethereum Repeats A Notable Market Trend As Momentum Wanes – Here’s How Investors Are Positioning

After a persistent bearish performance, Ethereum’s price is now hovering below the $2,000 mark, raising questions about its stability. ETH may be struggling with volatility, but its short-term outlook appears to be quite bullish as the altcoin mirrors a historical pattern that presents an impending rebound. ETH’s Price And Investors’ Current Behavior Ethereum is once again exhibiting a market pattern that emerged at a significant juncture in its price action over the past few months, sparking conjecture that a potential bounce may be imminent. Rekt Capital, a crypto analyst and investor, has found parallels between current price behavior and the past few months that preceded notable changes in momentum, making the trend a crucial area of attention. As seen in the chart, this trend involves a monthly close below its multi-year upward trend. According to the expert, Ethereum has recently made this key monthly close for the second time in the last 5 months, increasing the likelihood of ETH mirroring its price action of early 2026. Rekt Capital highlighted that the last time the altcoin mostly closed below the trend line of its multi-year uptrend, the price experienced a limited move to the upside. However, it later got rejected, sparking a steady downward trend. Currently, the rallies originating from this trend line are clearly weakening, and the multi-year upward trend is likely faltering. In the meantime, the altcoin needs to at least keep the 2026 lows and/or reclaim the upward trend to avoid deeper downside. Michael Van De Poppe, the Chief Information Officer (CIO) and founder of MNFund, revealed that ETH is in the area of interest for entry points after a period of sideways price action. This analysis suggests that the ETH market structure is shifting, creating ideal entry opportunities. However, with the CLARITY Act vote, this month is a decisive one for the altcoin, which the expert believes is providing the ideal “Sell the rumor, Buy the News” type of scenario. Once the bill is passed, Van De Poppe urges immediate positioning in DeFi, as it is highly likely that ETH will experience a lot of upside. Thus, the expert expresses his intention to add more ETH to his portfolio. Large Investors Are Accumulating More Ethereum Data shows that investors are already positioning for an upcoming surge as they steadily add more Ethereum to their portfolios . Leon reported that this renewed accumulation is observed among big whales or large investors, particularly wallet addresses holding at least 100,000 ETH, despite ongoing heavy FUD. Currently, these investors control a total of 17.41 million ETH, marking their highest level in the last 9 weeks. When compared to the ETH total supply, this purchase represents about 22.03%, marking a 10-week high. Since mid-April 2026, their holdings have grown considerably despite strong downward pressure on the price of ETH. These investors, also considered as smart money, are quietly buying the dip instead of selling, but retail investors are panicking and spreading FUD. This is a classic whale behavior where they see long-term value in ETH way bigger than short-term noise.