WS #16042
The crypto market suffered nearly $1 billion in liquidations as Bitcoin slipped below $80,000 amid the broader risk-off sentiment and inflation data. Ethereum and altcoins saw outsized drawdowns due to macro pressures. On the regulatory front, the White House Crypto Council chief Patrick Witt stepped down, creating a leadership gap. Meanwhile, industry players are adapting: Ledger unveiled a new Android-based security device to combat tampering, and Starknet opened a vote to potentially exit Ethereum as a Layer 2 due to quantum security risks.
Crypto Liquidations and Regulatory Shifts
The crypto market suffered nearly $1 billion in liquidations as Bitcoin slipped below $80,000 amid the broader risk-off sentiment and inflation data. Ethereum and altcoins saw outsized drawdowns due to macro pressures. On the regulatory front, the White House Crypto Council chief Patrick Witt stepped down, creating a leadership gap. Meanwhile, industry players are adapting: Ledger unveiled a new Android-based security device to combat tampering, and Starknet opened a vote to potentially exit Ethereum as a Layer 2 due to quantum security risks.