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$1B liquidated in 24-hour crypto bloodbath, but should you panic?

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Manage episode 456623784 series 3528570
Content provided by Сointelegraph. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Сointelegraph or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The past 24 hours have been an absolute crypto bloodbath. More than $1 billion of long positions were liquidated when prices tanked and traders were "unprepared for the bad news." Spot Bitcoin ETFs saw record one-day outflows. So, why are most analysts calm and even positive? Aside from the chaos, the proposal to increase the Ethereum gas limit picks up steam, Craig Wright gets a one-year prison sentence suspended for two years for contempt of court, and the Tornado Cash co-founder wants his charges dropped following a verdict that OFAC "overstepped!" Yes, it's a busy episode today!
Further reading:

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.

  continue reading

313 episodes

Artwork
iconShare
 
Manage episode 456623784 series 3528570
Content provided by Сointelegraph. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Сointelegraph or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The past 24 hours have been an absolute crypto bloodbath. More than $1 billion of long positions were liquidated when prices tanked and traders were "unprepared for the bad news." Spot Bitcoin ETFs saw record one-day outflows. So, why are most analysts calm and even positive? Aside from the chaos, the proposal to increase the Ethereum gas limit picks up steam, Craig Wright gets a one-year prison sentence suspended for two years for contempt of court, and the Tornado Cash co-founder wants his charges dropped following a verdict that OFAC "overstepped!" Yes, it's a busy episode today!
Further reading:

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.

  continue reading

313 episodes

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