BREAKING: Gold falls below $4,500/oz and Silver falls below $72/oz as selling pressure builds.
Gold and silver have now erased over $10 TRILLION of market cap in 3 days.
It's official:
Crypto just saw its LARGEST liquidation event in history with 1.6 MILLION traders liquidated.
Over $19 BILLION worth of leveraged crypto positions were liquidated in 24 hours, 9 TIMES the previous record.
Why did this happen? Let us explain.
(a thread)
History is being made in crypto markets:
The Ethereum ETF, $ETHA, has officially exceeded $10 BILLION in assets under management for the first time.
It took just 251 trading days to reach this threshold, the 3rd-fastest for any ETF on record.
In the past, only two Bitcoin ETFs, $IBIT and $FBTC, achieved this faster.
This comes as AUM in $ETHA has DOUBLED over the last 10 days.
As a result, the ETF now ranks in the top 5 for inflows over both the last month and the last week.
Crypto is taking off.
You can’t make this up:
A reporter just asked President Trump about the “TACO” (Trump Always Chickens Out) trade.
This is based on an increasingly popular Wall Street view of buying stocks after Trump tariff headlines with the assumption that Trump will “chicken out” and stocks will go back up.
Here is Trump’s response:
We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo.
We are collaborating to figure out the details. Thank you so much for your patience through this.
@BoredApeYC Why not invite the top X players to play in-person (while being monitored) to prove that the score they got was legit (the new score while playing in-person would be X% within range from their top score)?
It is all a fake drama ...
1) They will always raise the debt ceiling
2) The US Treasury will sell more debt
3) The Fed will eventually buy all of the debt
You can't taper a Ponzi. 😢