Episode 398
📍 The CoinDesk 20 Index plummeted 17.1% over the weekend, with all 20 assets trading lower, led by Filecoin (FIL) and Aave (AAVE) with losses of 33.9% and 29.3%, respectively.
📍 Ethereum crashed 18% amid a $2.3 billion crypto liquidation storm, with some estimates suggesting the actual liquidation total may be closer to $8-10 billion.
📍 TON (The Open Network) has launched a $100 million fund to promote development on its blockchain, aiming to drive mass adoption and steer the network away from reliance on layer 2s and side chains.
📍 Crypto stocks slid in pre-market trading as US futures pointed to further Bitcoin losses, with major cryptocurrencies like XRP and ether (ETH) losing up to 25% and stock markets across Asia and Europe also experiencing declines.
