🚨 24-Hour Market Trends 🚨

• Bitcoin plummeted more than $10K USD overnight — the deepest drop since the FTX event, liquidating over $2.72 billion in 24 hours. Mining revenue also hit a historic low of (~$0.03/TH), causing many miners to shut down, which is expected to reduce network difficulty by more than 13% in the upcoming adjustment.

• Michael Saylor announced that Strategy will implement a Bitcoin security program, collaborating with the global cybersecurity, crypto, and Bitcoin communities to address risks from quantum computers.

• Gemini is withdrawing from the UK, EU, and Australia markets, cutting staff to focus on the US market and shifting towards forecasted market segments.

• CryptoQuant CEO Ki Young Ju stated that current Bitcoin selling pressure mainly comes from Coinbase.

• The world's largest Bitcoin ETF fund, BlackRock’s IBIT, recorded a record trading volume of over $10 billion in one day since launch. However, IBIT closed the day with a net outflow of -$175.48M.

• $USDC - Polymarket partnered with Circle to upgrade stablecoin infrastructure, integrating USDC as a payment method for prediction markets.

• $POLY - Blockratize Inc., the parent company of Polymarket, has filed a trademark application for $POLY, hinting at an upcoming token launch.

• $SOL - Solana dropped below $70 for the first time since 2023.

$BTC ‌$ETH ‌