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$400,000,000 in leveraged short positions have been liquidated over the past 12 hours.
This comes after the SEC approved limited on-chain trading of tokenized stocks and the CFTC filing new rulemaking to regulate the crypto market.
Meanwhile, the Fed is projected to raise interest rates by another 25 basis points next month.
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JUST IN: 馃嚭馃嚫馃嚠馃嚪 US sanctions BitBank crypto exchange for supporting the Iranian government.
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JUST IN: 馃嚭馃嚫 CFTC permits developers to build passive derivatives software without registering as brokers, including for crypto markets.
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JUST IN: 馃嚭馃嚫 SEC Chair Paul Atkins says approving tokenized stock trading will ensure America remains the global leader in financial infrastructure.
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JUST IN: 馃嚭馃嚫 SEC approves limited trading of tokenized stocks on-chain under temporary exemption.
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