$19 billion crypto blood bath
Hello,
Here’s what I have for you today:
- The $19 billion crypto blood bath
- Nigerian creator lands on Cartoon Network after quitting his 9-5
- Absa to compete with Capitec Connect in the MVNO space
How the crypto market lost $19 billion
The crypto market went into free fall over the weekend, losing billions of dollars in just a few hours.
How? It started after the US President Donald Trump announced a 100% tariff on Chinese tech imports, a move that spooked investors already nervous about global markets.
The fear spread quickly, triggering a wave of sell-offs that wiped out more than $19 billion in leveraged trades, becoming one of the biggest liquidation events in crypto’s history.
Where did the money…