AI-powered summaries of the day's top crypto events
Bitcoin's price fell to an intraday low near $80,000, triggering over $1 billion in liquidations predominantly affecting long positions. The cryptocurrency's value decreased by 3% over the past 24 hours and 4% over the week, continuing its decline from recent highs near $87,000.
Bitcoin ETFs saw a significant outflow of $485 million, erasing October's net inflows. The withdrawal coincides with a broader market downturn, as oil prices rise and bond yields reach their highest levels since 2002.
Greece is set to introduce a 10% capital gains tax on cryptocurrency, down from the 15% initially proposed in June. The draft bill will exempt the first €500 of annual gains, aligning Greece's tax rates with other European countries.
Ethereum's Sepolia test network activated an upgrade increasing the block gas limit to nearly 200 million, more than tripling the mainnet's 60 million limit. The upgrade aims to test Ethereum's capacity for handling larger transaction volumes.
Securitize has introduced tokenized shares of major companies like Apple, Nvidia, and Tesla on its Solana-based platform. The firm plans to expand trading to the NYSE and other digital venues, enhancing access to tokenized equity markets.