$800 Million Crypto Liquidation Bloodbath While You Were Sleeping
The past 24 hours have witnessed unprecedented developments in the cryptocurrency markets:
📊 Key Developments:
• $800M+ in leveraged positions liquidated following tariff announcements
• Russia's President Putin declares Bitcoin legal property suitable for reserves
• PayPal partner Paxos experiences technical glitch creating $300 trillion in stablecoins
• Elon Musk reverses position on Bitcoin, calling it potential gold replacement
• Ripple announces strategic partnership with Absa Bank for African expansion
These events highlight the evolving geopolitical landscape of digital assets and the critical need for robust infrastructure in blockchain systems.
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