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BTC briefly hits $100k, alts down 80% in wipe-out. Initial trigger appears to be Trump post on tariffs. Binance USDe peg attacked causing liquidation wave. $19b reported liquidations, $30-40b total suspected. Many altcoin perps hit 0 on exchanges. Rumours two large trading firms were liquidated. Binance compensates users $283m for carnage. Hyperliquid auto-deleveraged many positions. Market recovers by Monday, BTC only down 5%. BNB hits new ATH, Trump mulls pardon for CZ. TAO & ZEC lead strength in altcoins. Big US banks jointly exploring stablecoin. Morgan Stanley to open crypto for all accounts. ETH Foundation launches Tornado cash defense fund. Kalshi raises $300m at $5b valuation. Polymarket probed for suspicious trades. Aster buys back 100m tokens, airdrop on 20th. Securitize in talks for public listing with SPAC. Coinbase plans to launch AmEx card in US.
By Decrypt Media5
4040 ratings
BTC briefly hits $100k, alts down 80% in wipe-out. Initial trigger appears to be Trump post on tariffs. Binance USDe peg attacked causing liquidation wave. $19b reported liquidations, $30-40b total suspected. Many altcoin perps hit 0 on exchanges. Rumours two large trading firms were liquidated. Binance compensates users $283m for carnage. Hyperliquid auto-deleveraged many positions. Market recovers by Monday, BTC only down 5%. BNB hits new ATH, Trump mulls pardon for CZ. TAO & ZEC lead strength in altcoins. Big US banks jointly exploring stablecoin. Morgan Stanley to open crypto for all accounts. ETH Foundation launches Tornado cash defense fund. Kalshi raises $300m at $5b valuation. Polymarket probed for suspicious trades. Aster buys back 100m tokens, airdrop on 20th. Securitize in talks for public listing with SPAC. Coinbase plans to launch AmEx card in US.

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