Connect with us

Bitcoin

Historic $19 Billion Liquidation Event Rocks Crypto Markets Amid US-China Trade Tensions

Published

10 months ago

on

In one of the most dramatic market events in cryptocurrency history, over $19 billion in positions were liquidated across major exchanges on October 11, 2025, marking the largest single-day leverage meltdown ever recorded. This unprecedented wipeout was triggered by escalating geopolitical tensions, particularly President Trump’s announcement of potential 100% tariffs on Chinese imports, which sent shockwaves through global financial markets. Bitcoin (BTC) tumbled 10% to below $110,000, while Ethereum (ETH), Solana (SOL), and XRP experienced losses ranging from 15% to 30%. The flash crash highlighted the vulnerabilities of highly leveraged trading, with over 1.6 million traders affected, including a single $87.53 million liquidation on HTX’s BTC/USDT pair. Analysts point to a perfect storm of factors: overextended long positions, a strengthening US dollar, and broader risk-off sentiment spilling over from equities, where the S&P 500 dropped 1.9%. Decentralized exchanges on Binance Smart Chain (BSC) saw trading volumes surge to $4.141 billion, surpassing Solana’s $4.074 billion, demonstrating resilience in DeFi protocols amid the chaos. While centralized oracles faltered, platforms like Hyperliquid and Orderly Network maintained uptime, proving their robustness. Market participants, including prominent traders, described the event as a “healthy reset” after recent parabolic gains, with on-chain data showing continued accumulation by long-term holders. However, the incident has reignited calls for regulatory scrutiny, with Crypto.com CEO Kris Marszalek urging investigations into exchange practices. As the dust settles, Bitcoin has stabilized around $113,000, but experts warn of potential further volatility if trade tensions escalate. This event underscores the interconnectedness of crypto with traditional finance and the risks of leverage in a maturing asset class.

Disclaimer

The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Related Topics:
Continue Reading
Advertisement
Disclaimer

The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Bitcoin

Trump Media Unwinds Crypto Treasury Deals and Reports Significant Losses

Published

22 hours ago

on

August 11, 2026

By

Trump Media & Technology Group (DJT), the parent company of Truth Social, has moved to unwind key partnerships with Crypto.com, including a proposed crypto treasury strategy centered on the CRO token and related prediction-market collaboration. The companies mutually agreed to terminate plans for Trump Media Group CRO Strategy, a publicly traded vehicle intended to accumulate and stake CRO, citing prevailing market conditions and shifting business and stakeholder priorities.

The parties also stepped back from a broader services arrangement under which Crypto.com would have supported certain planned ETF offerings, as well as plans to integrate prediction markets directly into the Truth Social platform. Existing Truth Social-branded funds will continue. Interim CEO Kevin McGurn framed the decision as a strategic pivot toward the company’s media licensing initiatives and its pending merger with fusion-energy firm TAE Technologies.

Separately, recent disclosures revealed substantial crypto-related losses. Trump Media recorded approximately $360.6 million in losses on digital assets and related holdings during the first half of 2026, largely unrealized or mark-to-market impacts driven by declines in Bitcoin and CRO prices. The company’s second-quarter net loss reached about $238 million, with unrealized writedowns on crypto and equity positions accounting for the bulk of the shortfall. Bitcoin holdings stood at roughly 9,477 BTC as of June 30 (fair value around $557 million), down modestly from earlier levels in the year, while CRO holdings remained at approximately 756 million tokens (marked down in value). Some subsequent activity in July adjusted the Bitcoin position higher through sales of related securities and direct purchases.

Impact: The unwind and reported losses illustrate the challenges of corporate crypto treasury strategies during prolonged drawdowns and the rapid shift in priorities that can occur when market conditions and corporate focus evolve. Trump Media’s retreat from expansive token-accumulation plans underscores how even high-profile entrants can reassess exposure when volatility weighs on balance sheets and alternative growth paths emerge.

Continue Reading

DeFi

Bitcoin22 hours ago

Trump Media Unwinds Crypto Treasury Deals and Reports Significant Losses

Trump Media & Technology Group (DJT), the parent company of Truth Social, has moved to unwind key partnerships with Crypto.com,...
Bitcoin22 hours ago

Bitcoin’s Controversial BIP-110 Fork Stalls After Minimal Support

The proposed BIP-110 soft-fork enforcement attempt has effectively stalled after producing only two blocks, leaving the breakaway chain trailing the...
Bitcoin23 hours ago

Strategy Sells 1,690 BTC to Fund Share Buybacks and Bolster Cash Reserves

Strategy (formerly MicroStrategy) executed its latest Bitcoin treasury adjustment, selling 1,690 BTC for approximately $108.6 million between August 3 and...
Bitcoin2 days ago

Bitcoin Tops $65,000 Ahead of Key U.S. Inflation Data as Spot ETFs Post Strongest Weekly Inflows Since April

Bitcoin climbed above the psychologically important $65,000 level on Monday, extending nearly 3% gains over the prior week after a...
Bitcoin5 days ago

SEC Establishes Specialized Financial Reporting and Accounting Enforcement Unit

The U.S. Securities and Exchange Commission has created a dedicated Financial Reporting and Accounting Unit within its Division of Enforcement,...
DeFi5 days ago

Circle Shares Fall After Revenue Miss Despite Strong USDC Growth

Circle Internet Group reported higher USDC circulation and sharp growth in on-chain transaction volume for the second quarter of 2026,...
DeFi5 days ago

Uniswap Labs Launches Memecoin Launchpad on Robinhood Chain

Uniswap Labs has introduced pools.trade, a dedicated memecoin-focused launchpad built for Robinhood Chain. The platform offers two launch formats—Instant Launch...
DeFi5 days ago

Galaxy Digital Posts $85 Million Q2 Net Loss Amid AI Data-Center Progress

Galaxy Digital reported an $85 million net loss for the second quarter of 2026, driven primarily by depreciation in digital-asset...
Bitcoin5 days ago

Block Reports Sharp Drop in Bitcoin Ecosystem Gross Profit

Block’s second-quarter 2026 materials showed bitcoin-related gross profit declining 31% year-over-year, driven primarily by deliberate Cash App fee reductions and...
DeFi5 days ago

Ethereum “Prague” Upgrade Timeline Locked for Holesky Testnet

Consensys engineers have confirmed September 11 as the target date for the Prague upgrade on the Holesky testnet, providing a...
Advertisement

Trending