Summary
- Changpeng Zhao denied rumors of large-scale crypto sales by Binance and said he had bought more crypto using newly secured stablecoins.
- Zhao said persistent outflows from spot Bitcoin ETFs and spot Ethereum ETFs, along with the possibility of Fed rate hikes, increased selling pressure in the crypto market.
- He said the recent plunge in Bitcoin, Ethereum, and Solana prices was accompanied by $2.02 billion in liquidations in the derivatives market, including $1.68 billion in forced…
