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news-imageApril 7, 2025

ETH Investor Faces $100M Loss After Sky DeFi Liquidation Amid Market Crash

An Ether whale loses $106M after liquidation on Sky protocol during a 14% market crash, highlighting the risks of DeFi collateralization amid Ethereum's steep price decline and broader crypto market turbulence. The post ETH Investor Faces $100M Loss After Sky DeFi Liquidation Amid Market Crash appeared first on Cryptonews.
Publisher: Cryptonews
Sentiment: Negative
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cover-imageBenzinga
April 7, 2025

Bitcoin, Ethereum, XRP Drowning In Tariff Tsunami: 'Fall To $50,000' Possible, Expert Warns

As markets reel from the escalating trade war sparked by U.S. President Donald Trump's sweeping tariffs, crypto analysts and industry leaders are warning that the turbulence may reshape the digital asset landscape—well beyond the current sell-off. What Happened: More than $800 million in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) liquidations have occurred in just the past 24 hours, according to data cited by QCP Capital, as Bitcoin briefly dropped below $75,000 and volatility spiked.

Neutral
cover-imageCointelegraph
April 7, 2025

ZKasino scammer loses $27M as Ethereum price drops

A wallet linked to the $40 million ZKasino scam lost more than $27 million after a leveraged position was liquidated, marking what some in the crypto community are calling a dose of karmic justice.ZKasino launched in April 2024, luring investor capital by promising an airdrop of its native token to users who bridged Ether (ETH) to the platform. However, instead of returning the funds, ZKasino transferred around $33 million in user ETH to the staking protocol Lido Finance.

Negative
cover-imageBenzinga
April 7, 2025

Bitcoin, Ethereum, XRP, Dogecoin Obliterate $1.42 Billion In Liquidations, Plummet Up To 16%

The cryptocurrency market experienced a staggering $1.42 billion in liquidations over the past 24 hours, driven by a sharp decline in major digital assets following President Donald Trump's tariff policies and a broader market sell-off. What Happened: Bitcoin (CRYPTO: BTC) fell 7.5%, currently trading at around $76,650, while Ethereum (CRYPTO: ETH) dropped 17%, XRP (CRYPTO: XRP) 15%, and Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) both shed 16%.

Neutral
cover-imageCointelegraph
April 7, 2025

Whale makes $14M Ether emergency deposit to avoid $340M liquidation

An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure.The whale is reportedly close to liquidation on a 220,000 Ether (ETH) position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, the investor deposited 10,000 ETH — worth more than $14.5 million — and 3.54 million Dai (DAI) to raise the position's liquidation price, blockchain analytics firm Lookonchain said in an April 7 post on X.

Negative
cover-imageCoinPedia
April 7, 2025

Why Ethereum is Crashing Today?

The European market opened Monday, April 7, with a similar bearish trend as the Asian market. With a similar choppy trend expected later today after the New York stock exchanges open, the crypto market has fallen in line with a 12 percent decline in its total valuation to about $2.

Negative
cover-imageCointelegraph
April 7, 2025

Ethereum whale gets liquidated $106M on Sky amid crypto bloodbath

An Ether investor who had a large position on decentralized finance (DeFi) lending platform Sky has been liquidated to the tune of more than $100 million as the price of Ether crashed. The Ether (ETH) whale lost 67,570 ETH worth around $106 million when the asset crashed by around 14% on April 6, liquidating his collateralized debt position on Sky, according to Maker Vaults explorer DeFi Explore, and as observed by Lookonchain.

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