The market never sleeps, and neither do Stablecoins. Over the past 24 hours, we've witnessed a massive influx into USDT and USDC , signaling a clear shift.
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$BTC $ETH $TRUMP 📰 Major Headlines: 1. Record $19B Liquidation Hits Crypto Markets: • Over the past 24 hours, more than $19 billion in leveraged positions were liquidated, making it one of the worst wipeouts in crypto history. • Most of the liquidations were long positions (i.e. bets that prices would go up). • The crash was particularly violent in major assets: Bitcoin, Ethereum, and many altcoins saw deep intraday drops. 2. Trump Announces 100% Tariff on Chinese Tech Imports: • The crash coincides with former President Donald Trump’s announcement of a 100% tariff on “critical software” imports from China. Markets reacted sharply to the escalation in U.S. China trade tension. • Bitcoin extended losses, trading around $104,782 in parts of Friday. • Ethereum fell 5–15%, depending on the timing and exchange. 3. Financial Institutions Lean into Crypto & Prediction Markets: • ICE (Intercontinental Exchange) is investing up to $2 billion into Polymarket, a blockchain based prediction market platform. • S&P Dow Jones Indices launched a new index, Digital Markets 50, combining 15 cryptocurrencies +35 crypto related stocks, to offer diversified exposure. 4. Stablecoin / Governance Moves & Side Developments: • Tether is proposing candidates for the board of Juventus FC, after acquiring a 10.7% stake in the club. • The new index by S&P may issue a tokenized version of the benchmark via Dinari’s dShares platform. #SquareMentionsHeatwave #TrumpTariffs #MarketPullback #BinanceHODLerWAL #PrivacyNarrativeRising