💵 💵 💵 💵 85,941,523 #USDC (85,919,264 USD) minted at USDC Treasury
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<div>💵 💵 💵 💵 85,941,523 #USDC (85,919,264 USD) minted at USDC Treasury <a href="https://whale-alert.io/transaction/ethereum/0x646cc9ac2d652c95653f58925a9f0c8b98d2717e872228c334002bc0daff32e8" rel="nofollow">Details</a></div>

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

South Korean crypto exchange Bithumb announced today it will fully compensate customers affected by an incident in which 620,000 Bitcoin worth over $40 billion was mistakenly distributed to 695 users ...