@shankarrao2006

🚨 Daily Crypto & Market Recap🚨 Today's crypto market was dominated by a massive liquidation event, while institutional players made strategic moves and a major tech contract was announced. 📉 Crypto Market Turmoil & Liquidation Cascade📉 The crypto market experienced a significant correction, wiping out up to $200 billion in total market value. 🔯Billion-Dollar Wipeout: Over $1.13 billion in cryptocurrency positions were liquidated within a 24-hour period. Long positions accounted for the vast majority, totaling approximately $1.05 billion (93%). 🔯Bitcoin's Dip: Bitcoin dropped below $106,000, though it was later seen trading around $107,720. Ethereum was trading near $3,730. 🔯Affected Traders: More than 300,000 individual traders were impacted by the liquidation event. 🔯Altcoin Gains: Despite the overall market volatility, some altcoins saw notable gains, with Doge up 7.94% and Solana up 6.16%. 💼 Institutional Moves & Corporate Strategy💼 Strategy (MicroStrategy) Buys More Bitcoin 🟠 Strategy (formerly MicroStrategy) continued its Bitcoin accumulation, acquiring 397 BTC for $45.6 million at an average price of $114,771 per Bitcoin. 🔯Total Holdings: The company's total Bitcoin holdings now stand at 641,205 BTC. 🔯Funding: The purchase was funded through the company's ATM (at-the-market) equity programs, which raised about $69.5 million in the past week. Ripple's Institutional Expansion 🚀 The XRP ecosystem is seeing significant institutional developments: 🔯XRP ETFs: Spot XRP ETFs are anticipated to launch around November 13, 2025, following the conclusion of Ripple's SEC litigation. These ETFs are projected to attract $1–5 billion in investments within the first few months. 🔯New Services: Ripple has expanded its business by launching digital-asset spot prime brokerage services in the United States. 🔯Price Action: XRP's price has recently declined to the $2.40–$2.65 range. 🤖Warden Protocol's Grand Finale 🤖 Warden Protocol and @wallchain launched the "Warden Mindshare Leaderboard" campaign today, offering $900,000 in $WARD token rewards. This campaign is positioned as "The Grand Finale" before Warden Protocol's Token Generation Event (TGE). 🌐 Major Corporate & Protocol News🌐 🤝IREN Secures Massive Microsoft Contract 🤝 IREN secured a substantial $9.7 billion contract with Microsoft, underscoring the increasing collaboration between tech giants and infrastructure providers. SKY Protocol Parameter Change ⚙️ The SKY Protocol implemented a change, replacing USDS staking rewards with SKY staking rewards. This change also increased daily SKY buybacks to 300,000 USDS. Stakers who previously opted for USDS rewards must manually move their positions to the new system. Political & Market Commentary 🗣️ Former President Trump told CBS News that he "doesn't know" @cz_binance CEO CZ and claimed he was a victim in the crypto space. Which news story is the biggest market driver today? ❓The $1.13B Liquidation Cascade 📉 ❓Ripple's ETF & Prime Brokerage Expansion 🚀 ❓Strategy's Latest BTC Buy 🟠

0 reply

0 recast

3 reactions