Chapter
Crypto Market Sees Significant Pullback in Prices
15:08 - 19:34 (04:25)
The recent trend of exuberant growth in the stock market and cryptocurrency has taken a hit due to investors' decreased risk appetite, causing a significant pullback in crypto prices and wiping out nearly $200 billion in wealth overnight.
Clips
Crypto investors' risk appetite led to a significant pullback in crypto prices, causing Terra USD and other cryptocurrencies to lose value overnight and wiping out nearly $200 billion in wealth from major crypto exchanges.
15:08 - 18:20 (03:11)
Summary
Crypto investors' risk appetite led to a significant pullback in crypto prices, causing Terra USD and other cryptocurrencies to lose value overnight and wiping out nearly $200 billion in wealth from major crypto exchanges.
ChapterCrypto Market Sees Significant Pullback in Prices
EpisodeDeath of a Crypto Company
PodcastThe Daily
Celsius, a digital currency platform with billions of dollars worth of cryptocurrency, has been hit with a "digital equivalent of a bank run" as clients attempt to withdraw their deposits amidst market volatility, leading to halted withdrawals and transfers.
18:20 - 19:34 (01:13)
Summary
Celsius, a digital currency platform with billions of dollars worth of cryptocurrency, has been hit with a "digital equivalent of a bank run" as clients attempt to withdraw their deposits amidst market volatility, leading to halted withdrawals and transfers. The event has raised concerns about the transparency and stability of digital banking, and its impact on the broader crypto market.