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Who directed today’s crash? It wasn’t Powell’s resignation letter, but Kazuo Ueda’s rate hike order.
Who directed today’s crash? It wasn’t Powell’s resignation letter, but Kazuo Ueda’s rate hike order.

On December 1, the crypto market plunged, with bitcoin dropping over 5% in a single day. The trigger was a rumor about Federal Reserve Chairman Powell's resignation, but the underlying reason was concerns that the Bank of Japan may end its zero interest rate policy, sparking global deleveraging. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

MarsBit·2025/12/01 21:33
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07:44
Polymarket Prediction: Probability of "Bitcoin Falling to $55,000 in June" Rises to 41%
BlockBeats News, June 6th, as Bitcoin briefly dropped below $60,000, the probability on Polymarket for "Bitcoin to drop to $55,000 in June" increased to 41% (4% on June 2nd). Furthermore, the probability of dropping to $50,000 is 18%, while the probability of rising to $65,000 is 57%.
05:13
Ethereum Market Cap Overtaken by USDT, Falls to 3rd Place in Cryptocurrency Market Cap
BlockBeats News, June 6th, according to CoinGecko data, Ethereum's market capitalization has dropped to $182.7 billion, below USDT's $187.0 billion, and has now fallen to 3rd place in the cryptocurrency market cap rankings.
04:46
$168 Million ETH Longs Liquidated Again: 10,117 ETH
On June 6, on-chain analyst @ai_9684xtpa reported that $168 million worth of ETH longs were liquidated again, with 10,117 ETH being liquidated. The total amount liquidated from last night to today has risen to 31,915.13 ETH. The latest liquidation prices are updated as follows: Address 0xc3f…931e4: borrowed 41,167.63 ETH, liquidation price $1,472.09; Address 0x34d…c4ac1: borrowed 31,537.7 ETH, liquidation price $1,458.78.
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