Flash crash, 4 billion liquidation: What happened to Bitcoin and Ethereum?
The world’s two largest cryptocurrencies have experienced extreme market volatility over the past 48 hours.

The world’s two largest cryptocurrencies have experienced extreme market volatility over the past 48 hours.
Over the past month, as demand for Ethereum from large investors has increased significantly, the divergence in strength between Bitcoin and Ethereum has become increasingly apparent.
Elon Musk’s companies have sued Apple and OpenAI, claiming their deal to put ChatGPT on iPhones blocks rivals like xAI’s Grok. The case argues Apple and OpenAI are using their market power to limit competition in AI and smartphones.
Taylor Thomson, wealthy heir of the giant media empire Thomson Reuters,is locked in a high-stakes legal battle with her former best friend, Ashley Richardson, after losing more than $80 million in cryptocurrency investments.
On August 21, 2025, the AB Charity Foundation (AB Foundation) announced a donation of US$1,000,000 to the Come Together Foundation, established by internationally renowned actor Jet Li(李连杰), in support of its ongoing philanthropic efforts.
$50 million evaporated in an instant! The Solana ecosystem suffered a series of attacks. How did hackers use flash loans to drain Jupiter? Should we panic amidst the market panic?
Kanye West, now known as Ye, launched a Solana-based YZY token, sparking a market surge to a $3 billion valuation within 40 minutes. Most of the supply is controlled by insiders, raising concerns about long-term stability despite high trading activity.
One of the world's strictest regulators of the cryptocurrency might be releasing a new stablecoin based on its national currency.
In his speech, Powell cited "sweeping changes" in tax, trade and immigration policies, saying that as a result, "the balance of risks appears to be shifting" between the Fed's goals of maximum employment and price stability.
Since the beginning of 2025, DAT strategies have raised over $15 billion, surpassing traditional crypto venture capital equity transactions. This marks a key shift in cryptocurrency capital allocation, moving towards holding cryptocurrencies on balance sheets rather than backing startups.