🚀 Crypto News 🚀

1. Justin Sun denies rumors of HTX being liquidated from leveraged futures positions. He claims HTX “rarely” trades leveraged.

2. Sun promises to set aside $1 billion to “deal with FUD, invest more, and provide liquidity,” but details remain unclear.

3. Rumors of a large futures position on HTX began on July 12, when Ki Young Ju noticed a $515 million BTC futures trade.

4. Sun denies responsibility and says that HTX’s clients are the ones using stUSDT and aEthUSDT as collateral.

5. Crypto markets plunge due to unwinding of “yen carry trades” and interest rate hikes from the Bank of Japan.

6. Bitcoin falls below $50,000, hitting a low of $49,000 on August 5. Crypto investment flows also decreased by $528 million.

👉 What do you think about this situation? Comment below! 💬