Here is what happened yesterday in the crypto market:
Crypto Market Suffers Major Sell-Off Amid Tariff Concerns
Triggered by President Trump’s tariff announcements, crypto markets experienced a brutal sell-off, with Bitcoin briefly dipping below $75,000 and major tokens like XRP and SOL plummeting by as much as 20%. The downturn was further exacerbated by broader market anxieties, leading to significant liquidations and a risk-off sentiment among investors. Read more
Hong Kong Regulator Issues Crypto Staking Guidelines
The Hong Kong Securities and Futures Commission (SFC) has released new guidance allowing licensed crypto exchanges and funds to offer staking services. This move signifies Hong Kong’s continued efforts to establish itself as a hub for crypto innovation, while ensuring regulatory oversight of emerging crypto activities. Read more
Ripple and BCG Project Trillion-Dollar Growth in Tokenized Assets
A joint report by Ripple and Boston Consulting Group (BCG) projects that the market for tokenized real-world assets (RWAs) could reach $18.9 trillion by 2033. This growth is attributed to the increasing adoption and maturity of tokenization technology, though obstacles remain. Read more
Bitcoin Hashrate Reaches Unprecedented 1 Zetahash
The Bitcoin network hashrate has surpassed 1 Zetahash per second (ZH/s) for the first time in its history. This milestone underscores the network’s robust security and the increasing computational power dedicated to Bitcoin mining amid growing competition.Read more
Ethereum Whale Liquidated Amid Crypto Market Crash
An Ethereum investor faced liquidation of over $100 million on the Sky decentralized finance (DeFi) platform as the price of Ether plummeted. This event highlights the risks associated with leveraged positions in the volatile crypto market and the potential for significant losses during market downturns. Read more