Digital Currencies incl NFT etc. 03; (Mar 23 - Dec 26)

[behappyalways]

Which Governments Hold The Most Bitcoin?
https://www.zerohedge.com/crypto/which- ... st-bitcoin

[behappyalways]

Up To 37% Of Circulating Bitcoin May Be Lost Forever In Silent Supply Shock
https://www.zerohedge.com/crypto/bitcoi ... pply-shock

[behappyalways]

Tether Expands Hard Asset Strategy With More Bitcoin, Gold, And Land
https://www.zerohedge.com/crypto/tether ... d-and-land

[winston]

Cryptocurrency market sees record liquidations, triggered by latest Trump tariffs

This marks ‘the largest liquidation event in crypto history’, data tracker Coinglass says

Source: SCMP

https://www.scmp.com/tech/blockchain/ar ... pe=section

[winston]

Crypto sees more than US$6 billion in liquidations

Traders saw more than US$7 billion in positions liquidated in less than an hour.

BTC reached an all-time high of more than US$125,000.

Over the past 24 hours, bets worth some US$9 billion in bets on cryptoassets have been wiped out, including US$7.5 billion in long positions and US$1.5 billion in shorts in the largest liquidation wave since at least early April.

Smaller and less liquid tokens have been hit the hardest: XRP, memecoin favorite DOGE and Cardano’s ADA fell around 19 per cent, 27 per cent and 25 per cent over the past 24 hours.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... quidations

[behappyalways]

Crypto Carnage: Trump Tariff Tape-Bomb Triggers Largest Liquidation Event In History
https://www.zerohedge.com/crypto/crypto ... nt-history


Four traders were completely liquidated on #Hyperliquid during the market crash — each losing over $10M!
https://x.com/lookonchain/status/1976934162440315177


Top 10 losers in crypto land over the last 24 hours.
https://x.com/Mayhem4Markets/status/1976778359209333032

[winston]

How One Trader Made $160 Million Shorting Crypto Before Trump’s China Tariff Bombshell

A crypto trader made over $160 million shorting Bitcoin and Ethereum before Trump announced 100% China tariffs on October 10.

The trader closed all ETH short positions for $72.33 million profit and still holds $92.84 million in BTC shorts with 5.38x leverage

Trump announced a 100% tariff on China starting November 1 due to China’s “aggressive position” on trade

The crypto market lost $17 billion in leveraged positions within four hours following the tariff announcement

Source: Coin Central

https://coincentral.com/how-one-trader- ... bombshell/
Bitcoin fell 7.5% to $112,505.92 and Ethereum dropped 12.5% to $3,837.57 in 24 hours

[winston]

‘My crypto life is over’: US$19 billion sell-off triggers angst on Chinese social media

Exchanges will forcibly sell a trader’s leveraged positions if their losses approach the amount of their initial investment

Source: SCMP

https://www.scmp.com/tech/tech-trends/a ... pe=section

[winston]

Crypto market sheds US$150 billion as China hits back at the US

Digital-asset markets have briefly rebounded to pare losses on Monday but most major tokens have now resumed their descent

The weekend sell-off represented a drastic reset for crypto. Investors pulled US$756 million from US Bitcoin and Ether exchange-traded funds on Monday, underscoring the sense of nervousness among traders.

Source: Bloomberg

https://www.businesstimes.com.sg/wealth ... ts-back-us

[winston]

A US$131 billion crypto crash has traders fearing lasting damage

Altcoins encompass a broad swathe of digital assets, excluding Bitcoin and Ether

The damage was far deeper in smaller tokens, many of which fell as much as 80 per cent before a tentative recovery.

Trump’s memecoin fell 37 per cent on Friday (Oct 10).

World Liberty Financial’s WLFI token, also affiliated with the Trump family, plunged by a similar clip.

Of the US$380 billion erased, about US$131 billion came from altcoins.

Altcoins encompass a broad swathe of digital assets, excluding Bitcoin and Ether. These include memecoins pegged to popular trends on social media, such as the shiba inu breed of dogs, a cartoon frog named Pepe and even a real-life hippo named Moo Deng.

Bitcoin’s share of the total crypto market fell from almost 65 per cent in July to 58.5 per cent currently.

Bitcoin’s dominance has historically collapsed before major industry drawdowns, from 70 per cent in 2019 to 38 per cent in late 2022 just ahead of the last big wipeout.

Source: Bloomberg

https://www.businesstimes.com.sg/wealth ... ing-damage