CRYPTO PRICES PLUNGE AS $1.6 BILLION IN LEVERAGED BETS WIPED OUT; ETH HITS TWO-YEAR LOW

Summary from the TLDR Crypto newsletter

Crypto markets saw a sharp decline as over $1.6B in leveraged positions were liquidated, triggering a widespread sell-off. Ether dropped to a two-year low against Bitcoin, while major assets like Bitcoin, Solana, and BNB saw double-digit percentage losses.