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[News Brief] Apr 22, morning | $368 Million Liquidated in Crypto Futures Market Over the Past 24 Hours

Over the past 24 hours, a total of $368 million in positions were liquidated in the cryptocurrency futures market, with Bitcoin and Ethereum liquidations reaching $123 million and $94.7371 million, respectively.

[News Brief] Apr 22, morning | $368 Million Liquidated in Crypto Futures Market Over the Past 24 Hours

$368 Million Liquidated in Crypto Futures Market Over the Past 24 Hours

Source: PANews. According to CoinAnk data, a total of $368 million worth of positions were liquidated in the cryptocurrency futures market over the past 24 hours.

Long liquidations totaled $345 million, while short liquidations came to $23.2539 million. Bitcoin liquidations reached $123 million, and Ethereum liquidations totaled $94.7371 million.

Futures liquidation is the process by which exchanges forcibly close positions that fail to meet margin requirements due to price fluctuations.

Lyn Alden Mentions the Possibility of Central Bank Bitcoin Purchases

According to Odaily, Lyn Alden said that unlike gold, Bitcoin can be self-custodied and independently verified, suggesting that central bank demand could emerge in the future.

Her remarks came as Bitcoin is increasingly discussed as a digital store of value. However, whether central banks will actually purchase Bitcoin, or in what amounts, remains unconfirmed.

SBF’s 2021 Congressional Hearing Remarks Revisited

According to Wu Blockchain, comments made by FTX founder Sam Bankman-Fried (SBF) during a U.S. congressional hearing in December 2021 have resurfaced, particularly his emphasis on FTX’s risk management system and market data transparency.

At the time, SBF claimed that FTX operated a 24/7 risk engine and did not face the overnight, weekend, or holiday risks seen in traditional financial assets. He also said market data was publicly available and that risk standards were transparent.

He pointed to the 2008 financial crisis as being driven by opaque, customized bilateral transactions that were repeatedly repackaged and leveraged, concealing risk. Wu Blockchain commented that after FTX’s collapse, such claims of “innovation” and “transparency” have become a source of criticism against SBF himself.

BlackRock Reviews $5 Billion to $10 Billion Investment in SpaceX IPO

According to Odaily, The Information reported that BlackRock is considering investing $5 billion to $10 billion in SpaceX’s initial public offering (IPO).

SpaceX, the space company led by Elon Musk, is at the center of growing interest from major institutional investors in the private space industry.