A "flash-crash" in the crypto market has liquidated $432 million in positions. Is there a 100BP rate hike on the way?
| September 19, 2022 | September 19th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price is sitting just above the $19,000 mark, as it partially recovers from a flash-crash to the low 18,000s overnight. |
| Top-20 altcoins are down across the board as Ethereum falls 5%, BNB drops 3% and XRP sees a 7% price decline. |
Top Stories for September 19, 2022 🔥 |
| A "flash-crash" in the crypto market has liquidated $432 million in positions, as the market considers the possibility of a 100 basis point interest rate hike by the Federal Reserve. |
| The likelihood of a record-setting interest rate hike is looking higher than ever after recent CPI inflation data, calculating 8.3% year-over-year inflation. The next Federal Open Market Committee meeting is due for September 21, during which new interest rates will be decided. |
| The Financial Conduct Authority (FCA) says that crypto exchange FTX is not authorized to provide services to UK customers, according to a note published this week. |
| An FTX spokesperson says that it believes a scammer is impersonating the company, however, noting that the phone numbers listed by the FCA are linked to a crypto scam. |
| South Korean authorities have asked Interpol to issue a "red notice" for Do Kwon, founder of the Terra blockchain. Red notices are issued for fugitives wanted for prosecution. |
| Kwon is allegedly refusing to cooperate with an investigation into the collapse of the Luna blockchain and TerraUSD stablecoin – which resulted in $40 billion in losses for token holders and related parties. |
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