Jamie Crawley is a CoinDesk news reporter based in London.
BTC has lost more than 3.4% in the last 24 hours to trade around $67,400 while ETH is down around 4.5% at $3,700. The CoinDesk 20 Index , measuring the broader digital asset market, has lost over 3.3%. Ether ETFs are not yet cleared to trade, because the SEC still needs to approve their S-1 filings before investors can buy them. The approval came as a surprise to many.
ETH tumbled to $3,500 before surging to $3,900 as the first reports came through that approval of some filings was imminent. BTC, meanwhile, sank below $66,500, then spiked to $68,300 before settling just below $68,000. Liquidations across all leveraged crypto derivative positions soared to over $350 million during the day, the most since May 1, CoinGlass data shows.
Kabosu’s picture inspired the creation of DOGE in 2013, initially starting off as a joke currency. DOGE’s success later birthed a whole cohort of dog-themed tokens such as SHIB and FLOKI, which have since cumulatively become one of the industry’s biggest sectors. “We will be holding a farewell party for Kabo-chan on Sunday, May 26th. It will be held at Flower Kaori in Kotsu no Mori, Narita City, from 1pm to 4pm,” her owner wrote in a blog post.
The heatmap shows the liquidation data in the crypto market over the last 24 hours, as recorded by Coinglass. It shows the unusually high figure of nearly $150 million in ether futures being liquidated.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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