Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, as the market bloodbath continues, one Ethereum whale was forced to make an emergency $14 million Ether deposit to avoid the potential liquidation of a short position worth around $340 million, Bitcoin hashrate trackers show the network crossed over 1 zetahash per second, and cypherpunk Jameson Lopp has sounded the alarm on Bitcoin address poisoning attacks.
An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure.
The whale is reportedly close to liquidation on a 220,000 Ether (ETH) position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, the investor deposited 10,000 ETH — worth more than $14.5 million — and 3.54 million Dai (DAI) to raise the position’s liquidation price, blockchain analytics firm Lookonchain said in an April 7 post on X.
