The US SEC has filed charges against three entities for allegedly manipulating the cryptocurrency market.
The U.S. Securities and Exchange Commission (SEC) announced that it has filed a complaint against three entities—ZM Quant Investment, Gotbit Hedge Fund, and CLS Global FZC—for allegedly manipulating the cryptocurrency market. The SEC is seeking permanent injunctions, disgorgement of ill-gotten gains, civil penalties, and executive bans against these entities and nine individuals.
Bitcoin falls below $62,000, projecting its biggest drop since FTX in 2022.
Bitcoin plunged more than 10% in 24 hours, falling below $63,000, its biggest drop since the 2022 FTX incident. Key support levels are seen at $58,000 to $60,000.
Cryptocurrency markets liquidate $1.1 billion in total… Large-scale liquidation of BTC and ETH long positions.
Over the past 24 hours, a total of $1.144 billion worth of contracts were liquidated in global cryptocurrency futures markets, of which $1.08 billion was long positions. $588 million of BTC and $237 million of ETH were liquidated.
Cryptocurrency fear and greed index hits 9, entering "extreme fear" territory.
The Cryptocurrency Fear and Greed Index has reached 9, entering the extreme fear zone. This reflects a sharp cooling in investor sentiment and market volatility.
Strategy: Bitcoin Price Possible to Drop to $8,000, Reports $12.6 Billion Loss
Strategy's CEO said Bitcoin could fall to $8,000 in a worst-case scenario, and the company has reported a total loss of $12.6 billion as of today.
The U.S. government officially designated Bitcoin as a strategic asset.
U.S. Treasury Secretary Scott Bessent has declared the government's holdings of Bitcoin a strategic reserve asset, and revealed that the current holdings amount to approximately $15 billion.
Vitalik Buterin Sells $14.15 Million Worth of ETH
Ethereum founder Vitalik Buterin recently sold 5,737 ETH (approximately $14.15 million), a move analysts say reflects deteriorating sentiment across the cryptocurrency market.
BlackRock deposits large amounts of Bitcoin and Ethereum into Coinbase.
BlackRock recently deposited approximately 1,134 BTC and 35,358 ETH into Coinbase, raising concerns about institutional holdings outside of the ETF market. A steady flow of deposits is also being observed.
Fidelity officially launches its own stablecoin, FIDD.
Fidelity Investments has officially launched the Fidelity Digital Dollar (FIDD), a stablecoin pegged to the US dollar. This marks the acceleration of the institutional-focused stablecoin market.
Ethereum whale deposits $7.53 million worth of ETH to Binance.
Concerns about the possibility of a large-scale sell-off are growing as it has been confirmed that a large-scale ETH holder, a whale wallet, has deposited all of its holdings of approximately 2,876 ETH (approximately $7,530,000) to Binance.
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