What happened on the crypto market last night?


• $545.1 million was liquidated in the past 24 hours, including $348.0 million in long positions and $197.1 million in short positions
• Peter Schiff warned that rate cuts and QE could reignite inflation and push the economy toward recession
• B2B payments with stablecoins amount to about $226 billion per year, nearly 60% of the total volume
• Eric Trump stated that Bitcoin is a "better gold," more fungible, portable, and equipped with an ecosystem, while calling for easier crypto adoption
• Tether proposed merging Strike and Twenty-One Capital before combining this entity with Bitcoin miner Elektron Energy
• World Liberty Financial, backed by Trump, submitted a proposal to unlock 62.2 billion WLFI tokens, with no market release for two years
• The crypto fund Hashed obtained a financial services license in Abu Dhabi
• In Japan, Rakuten Wallet users can now convert their Rakuten Points into XRP and spend them at over 5 million merchants
BTC2.61%
STRIKE-8.53%
WLFI-9.12%
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