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U.S. authorities have seized $31 million in cryptocurrency linked to the 2021 Uranium Finance hack, as the crypto market experiences a downturn. In a 12-hour period, liquidations in the market reached $1.09 billion, with Bitcoin (BTC) falling below $89,000. BTC is currently priced at approximately $87,500, reflecting a 7% decrease, while Ethereum (ETH) has dropped to around $2,425, a decline of 10%. Solana (SOL) has also seen a significant drop, trading at $139, down 13%. The downturn has impacted altcoins and meme tokens, many of which are down over 10%. Amid these developments, Citadel, led by billionaire Ken Griffin, announced its entry into the cryptocurrency market through market making, while Ethena has successfully raised $100 million for a new stablecoin focused on traditional finance.
🟥 Things I’m looking at today 🟥 Crypto bloodbath, Trump-pump erased for alts, stocks on losing streak Subscribe: https://t.co/Q2rb7DFtRG Crypto * BTC: 89k (-7%), ETH: 2425 (-10%), SOL: 139 (-13%) * Top Gainers: IP, DEXE, QNT * BTC ETFs: -$516mn, ETH ETFs: -$78mn * BTC… https://t.co/fCNY5Rq5Ap
What's new? • Crypto majors fall in major selloff, BTC touches $87,500 • Alts and memes fall even further with many down 10%+ • The Citadel announces it will enter crypto via market making • Ethena raised $100M for a new TradFi-focused stablecoin https://t.co/OXkd75T9D5
The Morning Minute (2.25) ⏰Top News: -Crypto majors fall in major selloff, BTC touches $87,500 -Alts and memes fall even further with many down 10%+ -The Citadel announces it will enter crypto via market making -Ethena raised $100M for a new TradFi-focused stablecoin -DOJ… https://t.co/uHWu24pYjL
