Hello there 👋 and welcome to another Coinigy news roundup.
Firstly, how’s your bag?
I hope you weren’t affected by last Wednesday’s $400 million liquidation.
We were literally holding on to our seats as the BTC candle dropped.
Thankfully, things are stabilizing now. In fact, $BTC just hit a new two year high this morning!
However, I can’t say the same for people who got liquidated. 😣
Events like these highlight why developing strong risk management skills is so crucial for crypto trading.
Our friends at TheRationalInvestor.com are starting their next trading school semester in less than 7 days from now.
They’ve trained about 1,000+ students—and we hang out on YouTube a lot… you should watch our recent podcast.
So, check out their program to see if it’s right for you.
Now, on the news:
- Bitcoin Slumps as $400M Liquidated in Two Hours
- SEC has been ‘backed into a corner’ on BTC ETF approval — Bloomberg analyst
- Celsius moves to unstake $470m in ETH for creditor repayments
- Michael Saylor Selling $216 Million of Microstrategy's Shares, Plans to Buy More Bitcoin
Bitcoin Slumps as $400M Liquidated in Two Hours
Bitcoin slid 8% on Wednesday as jitters around the anticipated approval of a spot Bitcoin ($BTC) ETF began to enter the market.
The slump retraced the entire upside move that occurred on Jan. 1, spurring the liquidation of $500 million worth of positions across derivatives exchanges.
SEC has been ‘backed into a corner’ on BTC ETF approval — Bloomberg analyst
The United States Securities and Exchange Commission “has been backed into a corner” to approve a spot Bitcoin (BTC) exchange-traded fund (ETF), in the opinion of Bloomberg analyst James Seyffart.
Celsius moves to unstake $470m in ETH for creditor repayments
Celsius, a crypto lender in bankruptcy restructuring, recalls and rebalances assets, including $ETH for timely creditor distributions. The lending firm shifts assets to ensure liquidity, unstaking Ether to offset restructuring costs and facilitate timely distributions to creditors.
Michael Saylor Selling $216 Million of Microstrategy's Shares, Plans to Buy More Bitcoin
Michael Saylor is selling $216 million of his shares over four months, partially to buy Bitcoin. This follows his recent SEC filing revealing the sale of stock options awarded in 2014, expiring in April 2024.
Other Highlights Worth Mentioning
- Marathon Digital Holdings (NASDAQ: MARA) sets a new production record, mining 1,853 Bitcoin in December 2023. – The Tech Report
- ENS token jumped 70%, following praise from Ethereum co-founder Vitalik Buterin as "super important" – CMC Community
- Etherscan, the Ethereum blockchain explorer, has acquired Solscan, a prominent explorer for Solana Foundation. – Crypto Briefing
- BlackRock, the world's largest asset manager, anticipates SEC approval for its spot Bitcoin ETF application next Wednesday – Bitcoin.com
Source: https://insights.coinigy.com/sec-must-approve-etf-bitcoin-hits-two-year-high/
