Ether’s recent crash below $2,000 leaves $686 million gaping hole in trading firm’s book

admin February 7, 2026 Leave a Comment

The firm’s looped ETH long position unraveled this week as ether’s price crashed, resulting in an estimated $686 million loss.

Discover more from Stayupdated.co.uk

Subscribe to get the latest posts sent to your email.

Author: admin

‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law June 28, 2026
Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loansOn a quiet summer morning, above a small mid-western town, an American flag is waving in the breeze. The camera cuts to a father helping his son at the wheel of a tractor, and […]
Lost your crypto access code? Be wary, there‘s a scam for that too June 28, 2026
A niche type of fraud is lucrative enough for criminals to set up fake websites with dodgy software to harvest your dataAfter holding them for a few years, you have decided it is time to cash in your cryptocurrency holdings. The problem is, it is so long since you set up the digital wallet which […]
‘You can’t make billions without hurting people’: Cory Doctorow on Elon Musk, the AI bubble and bosses’ cruel fantasies June 24, 2026
The writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in powerA “centaur”, in automation theory, is a person assisted by a machine, and a “reverse centaur”, hero of Cory Doctorow’s new book, The Reverse Centaur’s Guide to […]
‘I’ll spend it on Ferraris if I want’: how frustrated Farage squirmed over £5m gift June 23, 2026
Whether the money was a reward for Brexit or for personal security, media interest in it has intensifed as the Reform UK leader returns to the public eyeHaving largely, and uncharacteristically, avoided media attention for much of the past couple of months – a period that has coincided with people asking some searching questions about […]
Farage trying to block ‘Britcoin’ plans that could be costly for billionaire donor June 18, 2026
Reform UK leader used private meeting at Bank of England to urge governor to drop plans for state-run cryptocurrencyNigel Farage has been trying to block a Bank of England cryptocurrency plan that could be costly for the billionaire bankrolling his party.The Reform UK leader has said Christopher Harborne wants nothing in exchange for the millions […]

Ether’s recent crash below $2,000 leaves $686 million gaping hole in trading firm’s book

Related

Discover more from Stayupdated.co.uk

Crypto News

Leave a Reply Cancel reply

Ai Financial Agent

Recent Posts

Recent Comments

Archives

Categories