The mark price fell 19% on a single pre-market trade in Korea. The company says its oracle worked exactly as designed. www.coindesk.com
Liquidations
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Adoption
Korea Stock Rout Triggers 1,426% Volume Spike On Upbit Amid $286 Million In Forced Liquidations
by shayaanby shayaanThe KOSPI index tumbled another 4% intraday to 6,534.34 on July 14, with chip giant SK Hynix shedding more than 7% in …
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Markets
XRP Tests $1 Support As Long Liquidations Surge Inside Multi-Month Wedge
by shayaanby shayaanXRP’s latest sell-off has put the $1 level back at the center of market attention, with traders watching whether the token can …
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Bitcoin’s drop toward the $59,000 area triggered a fresh leverage flush, with CoinGlass data showing heavy futures liquidations across the crypto market. …
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Markets
Digital credit market hit by huge selloff as Strive CEO blames leverage liquidations
by shayaanby shayaanMatt Cole says forced selling from leveraged investors pushed STRC and SATA sharply lower before both rebounded. www.coindesk.com
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Scams
Strive Blames Leverage Liquidations After SATA and Bitcoin Giant Strategy’s STRC Plunge
by shayaanby shayaanIn brief Strive CEO Matt Cole called Thursday’s preferred equity performance the “most difficult day ever” for digital credit products. Strive’s SATA …
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Markets
Bitcoin back above $61,000 after rout leads to $1.6 billion liquidations
by shayaanby shayaanBitcoin fell as low as $59,227 overnight before recovering, steadying after Friday’s strong jobs report set off a selloff that sank the …
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Analysis
XRP and XLM Prices Slide as ETF Outflows and Long Liquidations Shake Confidence
by shayaanby shayaanThe party ended quickly for XRP and XLM. After attracting fresh attention in recent weeks, both cross-border payment tokens are now facing …
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Scams
Bitcoin Dives Below $75K for First Time in a Month as Crypto Liquidations Near $1 Billion
by shayaanby shayaanBitcoin is starting to rebound after a rocky night that saw the top cryptocurrency by market cap dive below $75,000 for the …
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Scams
Bitcoin Slides Under $77K as Crypto Liquidations Top $672M Amid Bond Sell-Off
by shayaanby shayaanIn brief The 10-year U.S. Treasury yield hit 4.63%—a 16-month high—up 70 basis points since the Iran War began, as odds of …