↕️Two-Way Volatility Drive Heavy Crypto Liquidations
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Resurging volatility drove more than $230M worth of liquidations, with longs making up the bulk of affected positions. Most leading assets are trading within reach of their year-to-date highs, and Bitcoin's dominance over the broader crypto markets continues to grow.
In other news, institutional investors are hedging their crypto bets, EigenLayer raised its deposit limits, Coordinape deployed a social platform for crypto professionals, hackers nabbed $830,000 from Aurory, and the ApeCoin DAO has recovered dozens of stolen apes.
Plus, crypto industry leaders have raised $78M for a Political Action Committee to lobby lawmakers.
✍️ In today’s newsletter:
- 100,000 traders margin called
- Institutional investors break extended inflows
- EigenLayer raises LST deposit cap
- Coordinape launches pro social networking
- Hackers ransack Aurory
- Boring Security saves 56 apes
- Crypto leaders pool $78M for U.S. lobbying
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