Bullish Bets Result in $860M Liquidations as Major Cryptos Drop 9%
A significant sell-off in the cryptocurrency market led to over $1 billion in liquidated positions, predominantly affecting Ether and Bitcoin.

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A significant sell-off in the cryptocurrency market led to over $1 billion in liquidated positions, predominantly affecting Ether and Bitcoin.
Amid significant sell-offs and liquidations in the cryptocurrency market, XRP faced a notable drop while hints of renewed buyer interest surfaced.
Treasury Secretary Scott Bessent has suggested that the government may consider expanding its Bitcoin reserves despite earlier statements to the contrary.
U.S. banking institutions are collaborating with consumer advocacy groups to amend the recently established stablecoin legislation known as the GENIUS Act, even before regulators have initiated their drafting process.
The rise of ether outpaced bitcoin, contributing significantly to a 14% increase in the total crypto market cap last month, according to JPMorgan.
Analysts indicate that the recent downturn in crypto prices represents a healthy market correction, not a trend reversal.

Ark Invest has acquired over 2.5 million Bullish shares across various ETFs following the company's successful debut on the NYSE, showcasing the firm's strategic investments despite a volatile crypto market.
A look into how South Korea and Japan are approaching the implementation of stablecoins and CBDCs, exploring the implications for investors.
Mysten Labs has enlisted Mustafa Al Niama, the former Goldman Sachs digital assets chief, to enhance its reach in traditional finance through blockchain technology.
An analysis indicates that Figment is emerging dominant in the Ethereum staking scene, as Lido sees a notable decrease in its market share.
A report from Keyrock and Bitso anticipates significant growth in stablecoin payments driven by institutional adoption, foreign exchange, and cross-border transactions.
Dinari is launching a blockchain network aimed at facilitating the trading and clearing of tokenized public equities.

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