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🌙 Liquidations Top $1.5 Billion as Bitcoin Plunges to $86,000

Crypto markets dropped for a second day as the selloff in technology stocks intensified.

Author

Mike Gavela
February 25, 2025

In partnership with

Crypto Roundup - February 25

The cryptocurrency market recently faced a significant downturn, with Bitcoin plummeting to around USD 86,000, triggering over USD 1.5 billion in liquidations due to new economic policies. Meanwhile, the SEC concluded its investigation into Uniswap favorably, with no enforcement actions, suggesting a potentially softer regulatory approach to decentralized finance. Concurrently, the Ethereum Foundation has realigned its leadership team to better navigate the evolving blockchain landscape, aiming to enhance Ethereum's development and strategic response to new challenges.

Top Stories

  • Massive Market Liquidation: Over USD 1.5 billion in liquidations recorded as Bitcoin price crashes.

  • SEC Ends Uniswap Probe: Investigation closes with no enforcement, indicating a potential regulatory reprieve for DeFi.

  • Ethereum Leadership Shuffles: Ethereum Foundation reorganizes its leadership to better tackle future blockchain challenges.

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TOP STORIES

Liquidations Top $1.5 Billion as Bitcoin Plunges to $86,000 - "The Defiant"

Altcoins have been decimated in the past 24 hours, with ETH, SOL and XRP down 10% as the total crypto market cap dipped under $3 trillion.

thedefiant.io/news/markets/liquidations-top-usd1-5-billion-as-bitcoin-plunges-to-usd86-000

SEC Ends Uniswap Investigation - "The Defiant"

The agency had claimed Uniswap Labs was operating an unregistered securities exchange, among other allegations.

thedefiant.io/news/regulation/sec-ends-uniswap-investigation

Ethereum Foundation Shuffles Leadership - "The Defiant"

Executive Director Aya Miyaguchi will now fill the role of President of the Ethereum Foundation.

thedefiant.io/news/blockchains/ethereum-foundation-shuffles-leadership

FUNDRAISING

OTHER HEADLINES

SEC acknowledges Grayscale Ethereum ETF staking proposal, decision expected by May

The SEC reviews Grayscale Ethereum ETF's staking proposal, with a decision expected by May 26, potentially impacting staking activities.

cryptobriefing.com/sec-reviews-grayscale-ethereum-etf

Bybit Wages 'War' on North Korean Hackers After $1.4 Billion Ethereum Theft - Decrypt

Bybit has launched a dashboard for its bounty program, with CEO Ben Zhou declaring "war" on North Korean hackers linked to the theft.

decrypt.co/307724/bybit-wages-war-north-korean-hackers-ethereum-theft

'Fortnite' Added a Fake Crypto Token—And Degens Turned It Into a Solana Meme Coin - Decrypt

Fortnite added a fake “crypto coin” into the game to buy black market items—then degens launched a real one on Solana that quickly crashed.

decrypt.co/307703/fortnite-fake-crypto-solana-meme-coin

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