According to @paoloardoino, USDT traded above par versus most other stablecoins last night during what he described as finance entering darkness, source: https://twitter.com/paoloardoino/status/1977004690786103310. According to @paoloardoino, he characterized this performance as evidence that USDT is a true stable coin, source: https://twitter.com/paoloardoino/status/1977004690786103310.

According to Miles Deutscher, Bitcoin aggregated liquidations have reached their highest level in over two years, with over $320 million liquidated on perpetual futures exchanges, marking the most significant level of liquidation since August 2023. This development indicates a tumultuous period for Bitcoin traders as significant positions were forcefully closed.