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The US imposition of tariffs on Chinese goods has triggered a wave of risk aversion in the market, leading to a decline in the stock market and large-scale liquidations in cryptocurrencies. After a synchronized sharp drop, the spot market quickly rebounded, with BTC and ETH showing the strongest resilience. Options market trading volume reached a record high, and demand for short-term put options surged. The perpetual contracts market underwent an extreme test, with a significant increase in on-chain liquidation activities. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
Bitcoin dominance falls sharply after tariffs crash, with altcoins now leading the market in performance.Altcoins Take the Lead in Post-Crash RecoveryWhy Bitcoin Dominance Is FallingWhat This Means for Traders and Investors
- 16:10Tether reaches settlement with Celsius bankruptcy consortium and pays $299.5 millionAccording to ChainCatche, the Blockchain Recovery Investment Consortium (BRIC), jointly established by GXD Labs and VanEck, announced that after initiating legal proceedings in August 2024, BRIC has reached a settlement with Tether regarding the Celsius Network bankruptcy case. Tether has paid $299.5 million to the Celsius Network bankruptcy estate to resolve bankruptcy law and related claims brought against Tether in August 2024. The case involves collateral transfers and liquidations prior to Celsius's bankruptcy in July 2022. BRIC was appointed as the administrator for complex asset recovery and litigation in January 2024 and continues to manage Celsius's illiquid and litigation assets to advance the liquidation process.
- 16:06Four "whales" staked a total of 48 million FF tokens worth $6.47 million after the market crash.Jinse Finance reported that on-chain analytics platform Lookonchain detected that after the recent sharp market decline, four major holders ("whales") withdrew and staked a total of 48 million FF tokens from major exchanges, with a total value of approximately $6.47 million. Specifically: Address 0xDda6 withdrew 15 million FF (about $2.3 million) from Bitget in the past 5 hours; Address 0x484F withdrew 15 million FF (about $1.84 million) from an exchange two days ago; Address 0xBbB9 withdrew 10 million FF (about $1.15 million) from an exchange two days ago; Address 0xf68C withdrew 8 million FF (about $1.18 million) from an exchange in the past 7 hours. All withdrawn tokens have been staked.
- 16:06Tether reaches settlement with Celsius bankruptcy consortium, paying nearly $300 millionJinse Finance reported that the Blockchain Recovery Investment Consortium (BRIC) announced that Tether has paid $299.5 million to the Celsius Network bankruptcy consortium to resolve related litigation filed in August 2024. BRIC was jointly established by GXD Labs and VanEck and is responsible for managing Celsius's asset recovery and litigation affairs.