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Ethereum World News 2022-06-12 12:57:34

Ethereum’s 24hr Liquidations at $140M Exceed Bitcoin’s, Amidst Fears of stETH Depegging

Summary: Ethereum’s 24-hour liquidations at $140 million have topped the list exceeding Bitcoin’s. Ethereum has been hit by a sell-off that has seen the value of ETH drop to as low as $1,473. The selling of ETH could be attributed to anxiety linked to the depegging of stETH on the various decentralized platforms such as Curve Finance and Lido Finance. The number of liquidations related to the trading of Ethereum on the various futures platforms has exceeded that of Bitcoin. […]

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