Bitcoin plunged below the $90,000 support level, triggering approximately $500 million in total market liquidations while spot ETFs recorded $195 million in outflows. This correction occurred despite US Core PCE inflation data meeting expectations at 2.8%, suggesting a decoupling of crypto assets from broader macroeconomic signals.
A widespread Cloudflare infrastructure outage disrupted access to major platforms including Upbit, OpenSea, and Solana DeFi protocols, though underlying blockchain trading engines remained functional. In traditional finance, Netflix reportedly agreed to acquire Warner Bros. Discovery assets in a massive deal valued between $72 billion and $83 billion, shaking up the media landscape.
Regulatory and corporate headlines accelerated as US prosecutors recommended a 12-year prison sentence for Terraform Labs co-founder Do Kwon. Meanwhile, SpaceX is organizing a secondary share sale targeting an $800 billion valuation and was observed moving approximately $100 million in Bitcoin to Coinbase Prime for custody.