U.S. Treasury’s Bessent calls out crypto ‘nihilists’ resisting market structure bill
Treasury Secretary Bessent said market participants who don’t want strong regulation should “move to El Salvador.”
Read MoreTom Lee’s Bitmine may be buying ETH, but Vitalik Buterin and everyone else appears to be selling
Ether has dropped below $2,000, underperforming other major cryptocurrencies as selling accelerates from leveraged traders, onchain liquidations and long-term holders.
Read MoreSolana Foundation’s Liu: Focus on finance, not gaming ‘misadventures’
Liu’s remarks come as cryptocurrencies plunge and other industry leaders are narrowing their own visions for blockchain utility.
Read MoreSovcombank says it’s the first Russian bank to offer bitcoin-backed loans to public
Larger rival Sberbank beat Sovcombank to the punch, but it’s still running as a pilot program.
Read MoreStrategy has $6.5 billion loss on BTC, but continues trading at premium to value of its assets
Ahead of the fourth-quarter earnings report tonight, shares are down another 13% as bitcoin falls back to $68,000.
Read MoreBitcoin falls under $68,000, with retail traders betting on even lower prices
Crypto liquidations crossed $1 billion over the past 24 hours, wiping out about $980 million million in bullish leveraged bets
Read MoreHere is what industry veterans are saying as bitcoin tumbles below $70,000
“This drawdown feels horrible not because of the magnitude, but because it’s unfair,” said longtime bitcoin maxi Samson Mow.
Read MoreCoinDesk 20 performance update: Ripple (XRP) plunges 12.2% as index declines
Sui (SUI) joined Ripple (XRP) as an underperformer, falling 9.5% since Wednesday.
Read MoreBitcoin’s rising leveraged position points to continued dip buying, but may not yet signal price bottom
Bitfinex margin longs surge to a two-year high as bitcoin falls below $69k.
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