News Explorer — Bitcoin Dives Below $50,000 as Market Suffers Major Downturn

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Aug 5, 10:23 am

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Bitcoin Dives Below $50,000 as Market Suffers Major Downturn

The cryptocurrency market experienced a significant downturn in the past 24 hours, resulting in over $1.06 billion in liquidations and impacting nearly 280,000 traders. Bitcoin and Ethereum both saw substantial declines, with Bitcoin dropping 12.5% and Ethereum falling 19.5%. Other altcoins, such as Solana, BNB, Dogecoin, and XRP, also experienced significant losses.

The cryptocurrency market experienced a significant downturn in the past 24 hours, resulting in over $1.06 billion in liquidations and impacting nearly 280,000 traders. Bitcoin and Ethereum both saw substantial declines, with Bitcoin dropping 12.5% and Ethereum falling 19.5%. Other altcoins, such as Solana, BNB, Dogecoin, and XRP, also experienced significant losses.

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Dec 19, 10:41 pm

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Sen. Cynthia Lummis, a Key Crypto Advocate, Will Not Seek Reelection

Sen. Cynthia Lummis, known as the "Bitcoin Senator" for her crypto advocacy, announced she will not seek reelection due... Read Summary

Dec 19, 10:05 pm

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Brooklyn Resident Charged With Stealing $16 Million in Crypto From Coinbase Users

Ronald Spektor, a 23-year-old Brooklyn resident, was charged with stealing $16 million in cryptocurrency from around 100... Read Summary

Dec 19, 9:53 pm

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SEC Files Settlement Agreements for Former FTX Executives

Proposed settlement agreements were filed by the SEC for former FTX executives Caroline Ellison, Gary Wang, and Nishad S... Read Summary

Dec 19, 9:23 pm

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Bomb Threat in South Korea Demanded Bitcoin Ransom From Hyundai Group

Two Hyundai Group buildings in Seoul, South Korea were evacuated due to a bomb threat demanding 13 Bitcoin as ransom. Th... Read Summary

Dec 19, 7:05 pm

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Bitcoin Could Skyrocket to $1.42 Million by 2035: Analysts

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Dec 19, 6:03 pm

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Federal Reserve Mulls 'Skinny' Payment Accounts for Crypto Banks

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Dec 19, 5:46 pm

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Stealka Malware, Found in Roblox Game Mods, Steals Data From Crypto Wallets

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Dec 19, 5:01 pm

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Hyperliquid Is Decrypt's 2025 Project of the Year—Here's Why

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Dec 19, 4:14 pm

Coindesk

Citi's Top Crypto Stock Picks: Coinbase, Bullish and Circle

Citigroup's analysts, led by Peter Christiansen, remain bullish on digital assets stocks despite recent market declines.... Read Summary

Dec 19, 4:16 pm

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Counterfeit Cash Scheme Targets Crypto Traders in South Korea, Using Fake Korean Won Bills

A criminal group in South Chungcheong province printed fake Korean won bills to scam cryptocurrency traders in face-to-f... Read Summary

Dec 19, 4:12 pm

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House Republicans Urge Trump Admin to Reconsider Taxing Crypto Staking Rewards by Year's End

A group of 19 House Republicans is urging the Trump administration to repeal the 2023 IRS rule that taxes staking reward... Read Summary

Dec 19, 2:54 pm

Coindesk

Stablecoin Market Could Hit $600 Billion by 2028: JPMorgan

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Dec 19, 2:40 pm

DL News

World Liberty Financial's Plan to Use WLFI Tokens for Partnerships Divides Token Holders

World Liberty Financial's proposal to spend WLFI tokens on partnerships for its USD1 stablecoin has sparked mixed reacti... Read Summary

Dec 19, 2:28 pm

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Bitcoin Could Rally to $170K in 2026, Analysts Say While Urging Caution

Bitcoin's recent stabilization around $84,000 after a selloff has analysts predicting a potential rally to $170,000 in u... Read Summary

Dec 19, 1:25 pm

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Jump Trading Sued for $4 Billion Over Alleged Role in Terra Crypto Collapse

Jump Trading is being sued for $4 billion by the Terraform Labs plan administrator, alleging the firm profited unlawfull... Read Summary