๐ Crypto Market Recap: Last 24 Hours ๐
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Major crypto liquidations exceeded $2.5 billion, occurring amidst the ongoing U.S. government shutdown. This significant event highlights market volatility during periods of macroeconomic uncertainty.
A UAE royal family member acquired a substantial $500 million stake in a project associated with President Donald Trump. This investment signals growing interest from prominent international figures.
An Ethereum whale reportedly incurred a loss of $250 million following a failed long position. This incident serves as a reminder of the risks involved in leveraged trading.
Bitcoin whales have shown increased accumulation as retail investors appear to be exiting the market. This divergence often indicates varying market sentiment between large and small holders.
The European Union has issued warnings to 12 member countries regarding deficiencies in their crypto tax regulations. This action underscores the EU's ongoing efforts to enhance regulatory clarity in the digital asset space.
Kevin Warsh has been identified as a potential candidate for the next Federal Reserve Chair. His appointment could have significant implications for global financial markets, including crypto.
Vitalik Buterin, co-founder of Ethereum, has pledged $45 million towards open-source development initiatives. This commitment reinforces support for foundational public goods within the blockchain ecosystem.
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๐ก Courtesy: Datawallet
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Disclaimer:
This article is for informational purposes only and does not endorse any project or entity. The names mentioned are not related to us. We are not liable for any losses from investing based on this article. This is not financial advice.
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