How bad will this carnage get?

On By Littum

What Happened in Crypto Today: How Bad Will This Carnage Get?
What Happened in Crypto Today: How Bad Will This Carnage Get?

$108K to $95K in 72 hours.

The Fed’s recent “maybe we won’t cut rates that much” message hit home differently this time.

Funny how a few words from Jerome Powell can turn a perfect bull run into an impromptu selloff. We are talking about millions in liquidations…

The weirdest part? No one seems too concerned. Maybe it’s because we’ve all seen this before…

Even the die-hard “buy the dip” crowd takes their time. When was the last time you saw crypto traders practice patience?

So what is actually happening in the market right now? Let’s make sense of it all! Here’s a quick rundown of the top headlines from the past 24 hours:

  • Bitcoin mining giants go on a shopping spree – MARA invested 1.53 billion USD in BTC, while Hut 8 grabbed $100 million worth. What does these mining giants so confident?

  • Solv Protocol snuck in on Hyperliquid for just $130K when others are paying millions. With $2.5B locked up and 25,000 BTC in reserves, what does this listing so different from others?

  • The HAWK token transformed $491M. to dust within hours. What actually happened behind the scenes? And where did all that money go?

  • Craig Wright avoided jail time with a suspended sentence after ignoring court orders on his Satoshi claim. How did does he avoid it?

  • The Fed’s inflationary comments triggered a $1.2B liquidation, dropping Bitcoin from $108K to $95K. But how can such simple news shakes up the market like this?

Let’s dive in!

Bitcoin mining giants MARA and Hut 8 have just made power moves that got everyone’s attention. MARA lost $1.53 billion to grab 15,574 BTC, while Hut 8 picked up 990 BTC for $100 million.

MARA’s strategy is particularly interesting. They raised nearly $2 billion through convertible notes — essentially betting big that Bitcoin’s future value will more than cover their debt.

What makes these mining giants so confident? And why do they choose this particular moment to go all in? Read the whole story!

Solv Protocol just entered Hyperliquid’s exchange through a surprisingly affordable $130,000 auction — a bargain considering recent listings start at $2 million.

Solv Protocol has quietly built up $2.5 billion in total value locked since May, and they’re not just another DeFi project. They are sitting on a massive 25,000 BTC reserve and are using it to create dividend opportunities through products like SolvBTC across various Layer-2 solutions.