Crypto Update: Bitcoin Drops, NYSE Eyes 24/7 Trading
**Get the Latest in Crypto: What You Need to Know Today**
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Even though U.S. markets were closed for Martin Luther King Jr. Day, the crypto world kept moving. Here’s a breakdown of the key updates you should know.
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### Bitcoin Drops as U.S.-EU Tensions Rise
Bitcoin dropped sharply to around $92,000 overnight between Sunday and Monday. This sudden sell-off came after renewed fears of a trade war between the U.S. and the European Union, centered around Greenland.
– Over $750 million in long positions were liquidated within hours.
– Other major cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Solana (SOL) also fell alongside Bitcoin.
– Analysts say crypto is underperforming compared to other risky assets like stocks in Asia.
– Delays in U.S. crypto regulation are making things worse.
– Bitcoin breaking below its 50-week average triggered more selling by trading bots.
– More downside is possible, with some expecting prices to drop as low as $67,000, but analysts say this doesn’t look like another “crypto winter” yet.
**Keywords**: Bitcoin price drop, crypto market crash, US-EU trade war, long liquidations, BTC technical analysis
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### NYSE Plans 24/7 Trading with Tokenized Stocks
The New York Stock Exchange (NYSE) is building a new platform for trading tokenized stocks and ETFs around the clock. This could change how markets operate.
– The system will allow trading 24/7, including fractional shares and instant settlements using stablecoins.
– It combines NYSE’s existing matching engine with blockchain-based tools for settling trades.
– It will support multiple blockchains for secure custody and faster transactions.
– This move aligns with NYSE’s parent company ICE’s goal of creating always-on financial markets.
**Keywords**: NYSE tokenized trading, 24/7 stock trading, blockchain settlement, stablecoin transactions, fractional shares
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### Paradex Glitch Sends Bitcoin to $0 — Briefly
A technical issue on Paradex, a decentralized exchange built on Starknet, caused Bitcoin to show a price of $0 temporarily. This error led to massive liquidations for some users.
– A database migration mistake caused the glitch.
– Paradex plans to roll back its system to fix the issue.
– The number of users affected hasn’t been confirmed.
– The incident has reignited debates about whether blockchain systems should ever be rolled back, which goes against the idea of permanent transactions.
**Keywords**: Paradex glitch, Bitcoin liquidation, Starknet DEX, crypto rollback debate, smart contract error
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### Vitalik Buterin Wants Better DAOs
Ethereum co-founder Vitalik Buterin is calling for better DAO (Decentralized Autonomous Organization) designs that don’t rely only on token-holder voting.
– He says current systems are too easy to manipulate and not very efficient.
– Issues like decision fatigue and lack of privacy need to be addressed.
– Buterin suggests using tools like zero-knowledge proofs and AI for smarter governance.
– He also wants developers to focus on better communication tools and governance structures from the start.
**Keywords**: Vitalik Buterin DAO ideas, decentralized governance, token voting problems, zk-proofs, Ethereum community
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### Ethereum Sees Record Transactions as Fees Drop
Ethereum is busier than ever. Over the weekend, it hit an all-time high in daily transactions, averaging nearly 2.5 million per day.
– Transaction costs are now at record lows — around $0.15 per transaction.
– This is thanks to the recent Fusaka upgrade, which increased capacity.
– Stablecoin usage is now responsible for up to 40% of Ethereum activity.
**Keywords**: Ethereum transaction record, low gas fees, Fusaka upgrade, stablecoin usage, ETH network activity
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### What’s Coming Up Next
– No big economic events today.
– Bank of England Governor Andrew Bailey will speak Tuesday morning at 9:45 a.m. ET.
– The World Economic Forum meetings continue this week.
– Token unlocks are expected from LayerZero and Kaito.
– Web3 Hub Davos 2026 is still ongoing.
Stay tuned for more updates from the digital asset world.