TradFi Is Taking Over Crypto Exchanges 😭
For the first time, after Ethereum and Bitcoin , the next five most-liquidated assets are all TradFi products. This shows how crypto exchanges are rapidly evolving into multi-asset trading platforms, with users increasingly trading stocks and traditional financial products alongside crypto.
24Hr Liquidations: $345.28M, affecting 96,934 traders. The largest single liquidation was a $4.74M #ETH position on Binance.
📈 Market Update
• $ETH : Rebounded f...
Ionic Digital, a Celsius-linked Bitcoin miner, surged 26% on its Nasdaq debut, hitting a $2.8 billion market cap. Shares opened at $50, closed at $62.90, then dipped 6.5% after hours to $58.80. This is the largest US direct listing by implied market value since 2021.
The market craves an AI story, even from a restructured bankruptcy asset. The after-hours dip shows caution, but the initial pop speaks volumes.
Would you buy a miner best known for its ties to a failed lender?
$BTC