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Crypto.com CEO Urges Probe After $20B Liquidations

Kris Marszalek, CEO of Crypto.com, has called for regulators to investigate cryptocurrency exchanges following a record $20 billion in liquidations over a 24-hour period, surpassing previous market crashes including that of FTX. In a post on X, Marszalek questioned the fairness of trading practices during the crash and highlighted concerns about potential slowdowns and mispriced assets on trading platforms. Data showed that Hyperliquid led in liquidations at $10.31 billion, followed by Bybit at $4.65 billion, and Binance at $2.41 billion. The liquidations were exacerbated by a price depeg incident on Binance, which resulted in some users facing significant losses due to platform errors. Binance acknowledged the price depeg and is reviewing accounts for compensation. This significant market downturn was triggered by U.S. President Donald Trump’s announcement of tariffs on Chinese imports, which raised concerns globally, further impacting the cryptocurrency market.

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BNB Meme Coin Tied to Statue of Changpeng Zhao Rises After CZ Says 'Don't Buy'

A meme coin associated with a statue of Binance founder Changpeng Zhao saw a surge after he publicly advised against purchasing it. This coin, named CZSTATUE, was launched shortly before Zhao tweeted his dissatisfaction with the situation, stating that its creator likely aimed to profit from his likeness. Following Zhao&

Bitcoin Miner TeraWulf Aims to Raise $575 Million to Fund Google-Backed AI Ambitions

Bitcoin miner TeraWulf aims to raise $575 million to support its data center initiatives, specifically through $500 million in convertible notes, followed by an additional $75 million in debt. This strategy is linked to TeraWulf's partnership with Fluidstack, focusing on expanding AI computing capabilities, which involves building a

The Protocol: ETH’s Fusaka Upgrade Goes Live on Hoodi, Mainnet Next

Ethereum’s Fusaka upgrade has successfully completed its final test on the Hoodi testnet, setting the stage for its upcoming launch on the Ethereum mainnet. This upgrade follows the previous Pectra upgrade and is designed to enhance the scalability and cost-efficiency of the Ethereum network. Key features include PeerDAS, which

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