Over $344 Million Liquidated as Bitcoin, Ethereum Continue to Drop
It’s been a bearish day for cryptocurrencies as markets dropped nearly $48 billion in value ahead of the U.S. CPI report.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more
Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 bil...
Jane Street Reveals Nearly $1B Bitcoin Position
Bitcoin Magazine Jane Street Reveals Nearly $1B Bitcoin Position Quantitative trading firm and liquidity provider Jane Street has...
63,222 crypto traders liquidated in past 24 hours as leverage continues to bite
The persistent high leverage in crypto trading leads to frequent liquidations, highlighting the risks and capital shifts in volati...
Strategy raised $334 million from MSTR shareholders last week — Bitcoin got none of it
Strategy (formerly MicroStrategy) directed all $333.7 million raised from common-stock sales last week toward preferred-stock obli...
Half of Aave’s debt sits in just 9% of positions built around one Ethereum correlation trade
Galaxy's Aug. 7 snapshot of Aave V3 Core found 19,073 loans on the protocol after applying standard filters. Fewer than 9% of thos...
Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total
Canaan's July mining update counted 4.96 exahashes per second from paused operations in Ethiopia inside 14.24 EH/s of global opera...