Crypto Biz: 'Sound money' meets a sound beating as Binance pledges bailout

The crypto market experienced its largest-ever liquidation event, totaling about $19 billion, potentially triggered by reports of US tariff threats against China. Amid the volatility, Binance stepped in, announcing a $400 million relief initiative for traders impacted by the crash. This program includes $300 million in token vouchers for users who suffered liquidations and a $100 million low-interest loan fund, though Binance explicitly stated it does not accept liability for user losses. Separately, the article notes JPMorgan is preparing to offer cryptocurrency trading services to clients, signaling further institutional adoption, while corporate Bitcoin treasury holdings have surged 38% in three months, reaching a total value of $117 billion. Finally, Elon Musk praised Bitcoin's proof-of-work system as "impossible to fake energy," aligning it with "sound money" principles against fiat debasement.

(Source：Cointelegraph)