Crypto Market Suffers $613M in Liquidations as Ethereum Price Falls
TL;DR Over 160,000 traders were liquidated in 24 hours, with losses totaling $613 million. Ethereum’s drop below the 20-day average and SoftBank’s Nvidia stock sale triggered
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was created by Vitalik Buterin in 2013 as a way to expand the functionality of blockchain technology.
Ethereum’s native cryptocurrency, Ether (ETH), is used to pay for transaction fees and computational services on the network. Ethereum’s smart contract functionality allows developers to create self-executing contracts that can automate complex transactions and operations, such as the transfer of assets, voting systems, and more. Ethereum’s flexibility and community support have made it a popular choice for building decentralized applications and other blockchain-based projects.
TL;DR Over 160,000 traders were liquidated in 24 hours, with losses totaling $613 million. Ethereum’s drop below the 20-day average and SoftBank’s Nvidia stock sale triggered
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ZKasino has begun returning funds after the rug pull that caused $33 million in ETH losses. The project reported that it has already refunded 35% of
TL;DR The Ethereum Foundation unveiled a 2026 plan to make the network the foundational infrastructure for decentralized commerce among artificial intelligence agents. The project introduces the
The U.S. Treasury confirmed late Monday that regulated crypto investment products — including certain ETPs and trusts — are now permitted to earn staking rewards under
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