Veranta now lets traders take 1,000x leverage on Bitcoin and Ethereum on Base. That means a small deposit controls a position one thousand times larger. It's a big step up in risk on a chain built for cheap, fast transactions.
The move lands in a week full of crypto headlines. Threshold set a reconnection target for tBTC as a week-long pause continues. Elliptic says $3.1B in stolen Binance crypto has yet to be laundered.
Russia's central bank approved Bitcoin, Ether and USDT trading for retail investors. And Bitcoin and Ethereum ETFs lost $530M in one day as a $3T Wall Street wipeout rattled crypto.
The leverage is 1,000x on Base
Leverage multiplies both gains and losses. At 1,000x, a 0.1% move against the position wipes the margin. That's the mechanism: the trader posts collateral, the platform lends the rest, and a small price swing decides the whole trade.
Base keeps fees low, so the cost of entry is small too. That combo is why the number matters more than the headline. Bitcoin and Ethereum are the two assets named.
Aave is also in the mix as a DeFi lending venue. The point is that the leverage sits on top of liquid, widely tracked markets, not a thin token.
Threshold's tBTC pause has a reconnection target
Threshold paused tBTC and now has a reconnection target. A week-long pause is still running. TBTC is a bridge that lets Bitcoin move onto other chains.
When it pauses, holders wait. The target gives them a date to watch. The details of the fix are internal to Threshold.
What's public is the pause and the target. Until reconnection, tBTC holders can't move freely.
ETFs bled $530M in one day
Bitcoin and Ethereum ETFs lost $530M in a single day. That's the same figure reported as $530M in outflows as election gains evaporated. The trigger was a $3T wipeout on Wall Street that rattled crypto along with stocks.
ETF outflows mean investors pulled money out of the funds. It's a sentiment gauge, not a price. When the money leaves, the funds sell the underlying coins to meet redemptions.
That adds selling pressure on Bitcoin and Ethereum even if no one trades spot.
Russia clears retail crypto rules for Nov. 17
Russia's central bank approved Bitcoin, Ether and USDT trading for retail investors. The Bank of Russia cleared the rules for Nov. 17. That's a date to watch for anyone tracking global access. The approval covers three assets. It opens a large retail market to regulated crypto trading. It also shows how fast rules are moving in major economies.
$3.1B in stolen Binance crypto sits still
Elliptic says $3.1B in stolen Binance crypto has yet to be laundered. The money is still traceable on-chain. That's a large sum sitting in view of investigators.
Laundering would move it through mixers or exchanges. Until then, the balance sheet of the theft is visible but frozen in practice. It's a reminder that on-chain transparency cuts both ways.
Watch Nov. 17 for Russia's rules, the tBTC reconnection, and whether ETF outflows slow. Those three numbers will tell you if this week's risk appetite holds or breaks.