Episode 514
📍 Microsoft's stock price dipped 1.8% after a report revealed the tech giant canceled leases on two US data centers, potentially due to an oversupply position.
📍 US law enforcement seized $31 million in cryptocurrency tied to the 2021 hack of Uranium Finance, a decentralized finance platform that was exploited for approximately $50 million.
📍 The crypto market experienced a significant downturn, with Bitcoin and Ethereum liquidations surging to $686 million in 24 hours, while Solana, XRP, and Dogecoin plummeted by 12%, 9%, and 11% respectively.
📍 Ethereum's Pectra upgrade was activated on the Holesky testnet but failed to finalize, prompting an investigation by developers, with the upgrade aiming to improve user experience and increase staking limits.
📍 The global crypto market's downturn may be linked to OKX's guilty plea to charges from the Department of Justice for illegally serving US customers, resulting in over $500 million in penalties and forfeiture.
