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CryptoCoinDesk · 95d ago

Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges

Bitcoin fell to $58,000, marking a multi-year low. An oversized number of traders holding short positions creates conditions for a potential squeeze-driven price rebound.

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Tokenized stocks exceeded $1 billion in trading volume across Solana, Robinhood Chain, BNB Chain, and Base during Labor Day weekend. This activity represents a shift toward continuous global financial markets operating outside traditional exchange hours and infrastructure.

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# Summary The US Department of Justice publicly thanked Tether for assisting investigators in disrupting a cryptocurrency marketplace linked to fraud and money laundering, resulting in a $52 million freeze. Tether, which issues the widely used dollar-linked stablecoin, was credited on September 11, 2026, for its role in the operation against the global scam network.

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Revolut disclosed user passports and Bitcoin transaction histories after responding to a fraudulent information request sent from a government agency's email domain. The exposure affected a limited number of users whose data was accessed through the fake governmental request.

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