At this time, it looks like a self-inflicted error caused by poor decision-making as it is not in trouble due to bad lending practice but due to not properly managing the ALM mismatch thereby resulting in a short-term liquidity crunch.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest