Disgraced crypto tycoon Do Kwon was sentenced to 15 years in prison after pleading guilty to fraud in connection with the $40 billion crash of his TerraUSD and Luna coins https://t.co/aL2da573Vr ...

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LATEST: ⚡ A Satoshi Nakamoto statue created by artist Valentina Picozzi has been installed at the New York Stock Exchange, highlighting a major shift from just a few years ago when crypto was still mostly taboo on Wall Street. https://t.co/WQiLrYiuvm ...

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🌎LATEST: Save the Children has launched a Bitcoin Fund to hold cryptocurrency donations for up to four years.The fund seeks to streamline aid delivery through blockchain technology. https://t.co/lpMmkAISFl ...

🌎: LATEST: Save the Children has launched a Bitcoin Fund to hold cryptocurrency donations for up to four years.The fund seeks to streamline aid delivery through blockchain technology. https://t.co/2TdPAmdn5J ...

@CathieDWood @JamieCrawleyCD @CryptoHayes @OKnightCrypto 🔥 Most Influential: Sirgoo LeeLee shaped the exchange that defines Korea’s crypto market, but even after his exit this year, the country’s hyperactive retail engine will keep moving.@thesamreynolds reports:https://t.co/SgeizsoAmw ...

JUST IN: 🇪🇺 Revolut partners with Trust Wallet to offer cryptocurrency purchases in Europe with zero fees. ...

Core Insights - The cryptocurrency market is experiencing a significant downturn, with Bitcoin dropping 25% since early October and Ethereum down nearly one-third, leading to a total market capitalization loss of over $1 trillion [2][3]. Market Conditions - The current state of the cryptocurrency market is classified as a bear market, with concerns that it may evolve into a "crypto winter," characterized by prolonged price declines and a loss of confidence in the asset class [3][4]. - The downturn was catalyzed by a "flash crash" on October 10, triggered by President Trump's tariff threats, which led to a rapid sell-off of risky assets, including cryptocurrencies [5][6]. Trading Dynamics - The highly-leveraged positions of crypto traders have exacerbated the market's volatility, resulting in over 1.6 million liquidations and a record $19 billion in liquidated positions on the day of the crash [6]. - Following the liquidations, orderbooks have thinned, negatively impacting market makers and contributing to the ongoing struggle for market momentum [7]. Investor Sentiment - The crash coincided with diminishing hype around stablecoin legislation and rising uncertainties regarding tariffs, interest rates, and potential AI market bubbles, making cryptocurrencies less attractive to investors during stock market volatility [8].

📰 #AscendEX Daily Updates🔷Australian regulators ease regulations on stablecoins and wrapped tokens.🔷The statue of Satoshi Nakamoto is now at the New York Stock Exchange.🔷U.S. Senate pushes to finalize cryptocurrency market bill before holiday recess.#AscendEX #Crypto #CryptoNews ...