The crypto market suffered a double whammy, with Ethereum falling by 9% and DeFi Development Corp announcing a $50 billion purchase of SOL

GateNews

2025-06-13 09:07:41

ETH-1,02%

DEFI-0,29%

SOL-1,68%

According to Gate News bot, a report by QCP Capital shows that due to the airstrike by Israel on Iranian nuclear facilities, the prices of Bitcoin and Ethereum fell by approximately 3% and 9%, respectively, while the demand for put options in the market rose in the short term. Meanwhile, Cloudflare and Google Cloud experienced a massive outage, leading to a decline in the US tech zone, and over $1 billion in long positions were liquidated in the crypto assets market. During the market fluctuation, DeFi Development Corp announced plans to establish a $5 billion quota for purchasing SOL. Source: wublock123

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