What happened in crypto in the last 12 hours:
$370 million liquidated in the crypto market in the last hour:
· The Nikkei had its biggest two-day drop ever, surpassing Black Monday,
· Jump Trading may have been dumping ETH, having sold $500 million worth of funds in the last two weeks. There are rumors that they are exiting the crypto market making business.
· According to Axios, the United States informed the G7 that Iran may attack Israel in the next 24 hours.
· Berkshire Hathaway has sold more stocks this quarter than ever before. The market sees this as a danger sign of a severe recession.
· Trump momentum has turned to Kamala momentum. Polymarket shows Trump's approval rating at 52% and Kamala at 45%, and the gap is narrowing.
· The unwinding of yen carry trades has led to a reduction in global liquidity, affecting asset prices across the market, including US Treasuries and cryptocurrencies.
South Korean financial authorities are investigating possible price manipulation of $AVAIL during its listing on Bithumb. This could mean fewer listings on Korean exchanges for a while.
