BREAKING: The S&P 500 and crypto added a combined $1.5 TRILLION worth of market cap today.

BREAKING: Crypto markets have now erased -$1 TRILLION in market cap since January 14th.
That's -$1 trillion in market cap in 22 days, or -$45 billion per day.
There has never been more noise in capital markets than now.
Eliminate the noise.  x.com/XCreators/stat…

The Kobeissi Letter

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Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

BitMEX co-founder Arthur Hayes wrote that the recent Bitcoin crash may stem from traders' concerns about IBIT (BlackRock) […]
The article, "Arthur Hayes Speculates on BTC Crash Cause: 'Institutional Hedging Operations': IBIT Options Explode $900 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes speculates that the reason for the BTC crash is "institutional hedging operations": IBIT options saw a surge of $900 million.

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...

Bitcoin Price Plummets on Bithumb after Staff Error Transfers 2,000 $BTC

$1.5T in one day. Crypto went from 'we're all gonna die' to 'buy the dip worked' in about 6 hours. Classic. The whiplash is real but that's why you don't panic sell.