Dec 11, 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest stories shaping the crypto industry today, including bitcoin (BTC) and ether (ETH) leading in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.

Video transcript

There's a sea of red in the crypto markets and tether freezes dozens of wallets. If you're watching coin desk daily, I'm your host, Jen Sani Bitcoin Ether and Solana's Native Token Soul have started trading Monday in the red as the week opened with volatility. Some market watchers think the broader market is seeing a minor adjustment due to the November jobs report data and lower unemployment coin glass data shows that there had been over $335 million in liquidations over the last 12 hours with 300 million in long positions being liquidated. Stablecoin issuer, Tether froze 41 wallets controlled by people on the Office of Foreign Assets Control specially designated nationals list on Saturday. In a blog post, the company described the actions as precautionary measures according to on chain data. Several wallets had been using the coin mixing service tornado cash and one was a associated with the $625 million rodent bridge attack. Fresh off their Walmart debut. Pudgy penguins are waddling into a new industry, online gaming, pudgy world which is described as an interactive digital playground for pudgy penguins NFT holders, toy owners and the uninitiated will become available in 2024. It will offer narrative driven and open ended gameplay options. Pudgy Penguin Ceo Luanne said in a statement, quote, having a place like pudgy world will allow players to take their fandom to the next level. That's a wrap for Coindesk daily, get more updates on and we'll see you next time.

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