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$2B Crypto Wipeout: Bitcoin, Ethereum Prices Crushed

The cryptocurrency market saw a sharp wave of forced liquidations on January 31, as accelerating downside pressure triggered a broad derivatives wipeout across major exchanges. Total crypto liquidations exceeded $2 billion within 24 hours, marking one of the largest deleveraging events of the year. The majority of wiped positions were...

Tom Lee’s Ethereum Empire BitMine Suffers $6 Billion Loss

As the Ethereum (ETH) price reels from a sharp sell-off, few names have drawn more attention than BitMine Immersion Technologies (BMNR), the public company chaired by Fundstrat’s Tom Lee. Once a modest crypto-mining hardware firm, BitMine reinvented itself as the largest corporate holder of Ethereum, amassing roughly 4.24 million ETH,...

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