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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Crypto markets experienced a wave of forced liquidations totaling $1.2 billion over the past 24 hours, primarily dominated by selloffs in leveraged positions of Bitcoin and Ethereum. Altcoins like Solana and Sui faced sharp short-term shocks. Meanwhile, BitMine plans to sell 3 million shares of Series A perpetual preferred stock with a 9.5% annual payout to raise up to $300 million to fund its Ethereum strategy, as the company's paper losses reportedly exceeded $8.5 billion.