Major cryptocurrencies face steep declines with over $1.2 billion in liquidations, while select altcoins surge and DeFi suffers a major exploit.
Bitcoin fell 3% to $104,500, Ethereum dropped 5% to $3,520, Binance Coin declined 6% to $955, and Solana plunged 8% to $162 as the crypto market extended its selloff. Decred surged 111%, Dash rose 50%, and Internet Computer gained 30%, leading daily top movers. Over $1.2 billion in liquidations occurred on Monday, with long positions comprising 90% of losses, and the Crypto Fear & Greed Index hit “Extreme Fear.” Balancer was exploited for $128 million in a "vibe-coded" hack, prompting Berachain to halt its chain amid cascading drains across Ethereum-linked pools. Industry news included Hollywood.com partnering with Crypto.com on a prediction market, Ripple launching digital asset prime brokerage in the U.S., and Strategy planning a $STRE preferred stock issuance to fund Bitcoin purchases. U.S. prosecutors seek the maximum five-year sentence for Samurai Wallet founders, while FTSE Russell will publish market index data on-chain via Chainlink.