Markets took a beating in the early hours today, Bitcoin slumped to its lowest price in a month below $65.5k as altcoins bled further, with ETH losing 4% and SOL down more than 8%. The overall liquidations in the last 24 hours now stand at $480 million across exchanges as per the data from Coinglass.
On the other hand, Tether, the world’s largest stablecoin issuer, is launching a new kind of digital asset called tethered assets. Its first launch would again be a stablecoin pegged to USD, but backed by physical gold stored in Switzerland.
