Major Incident in South Korea — $40 Billion Distributed by Mistake South Korean crypto exchange Bithumb accidentally distributed nearly $40 billion worth of Bitcoin to users due to a system error. Following the incident, the country’s financial watchdog emphasized the need for stricter regulations to prevent similar failures in the future. $BTC $japan election
Major crypto company Gemini has announced plans to lay off around 200 employees and is preparing to exit some markets as part of cost-cutting and restructuring efforts. 🌏 Regulatory & International News China has intensified its crypto crackdown — strengthening restrictions on virtual currencies and announcing tighter controls on the approval and regulation of Real-World Asset (RWA) tokens. Reuters$BTC $ETH $BNB
Massive Bitcoin Transfer Mistake A major Asian crypto exchange mistakenly sent ~$44 BILLION worth of Bitcoin to user accounts. Most funds were recovered, but the incident shook market confidence and caused sharp volatility.$BTC
Michael Burry’s Warning Famous investor Michael Burry has said that a major drop in Bitcoin could create dangerous ripple effects across the financial markets. Tom Lee’s Analysis Despite the sharp decline in the crypto market, well-known analyst Tom Lee believes that Bitcoin and Ethereum may be close to forming a bottom $BTC $ETH
Bitcoin (BTC) is under pressure, trading around the low $70k range as risk-off sentiment continues. Ethereum (ETH) and major altcoins are also down, following BTC’s weakness.$BTC $ETH $SOL
Bitcoin-led Selloff Wipes Out Hundreds of Billions 🔹 Bitcoin’s recent decline has triggered a massive market sell-off, erasing nearly half a trillion dollars from the total crypto market cap in less than a week. Bears are dominating sentiment as BTC falls sharply $BTC
White House Crypto Meeting: Today, an important meeting was held at the White House on the structure of the crypto market, after which the banking industry issued a statement.$BTC
Market Shock & Liquidations $5 Billion+ crypto positions liquidated in the last 4 days — largest major liquidation wave since late 2023. Big volatility & sell-off pressure affecting BTC, ETH, altcoins.$BTC $ETH
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