Understanding the Market | Cryptocurrency concept stocks collectively decline, Bitcoin price fluctuates sharply recently, and a flash crash occurs in the US stablecoin sector

Zhitong
2025.10.17 02:49
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Cryptocurrency concept stocks collectively declined, with Mii Strategies down 4.36%, GRANDSHORES down 4.3%, OSL Group down 3.99%, and OKG TECH down 3.51%. Bitcoin futures contracts fell 3.10%, facing dual pressure. The options market saw a surge in demand for put options, with miners depositing 51,000 bitcoins into exchanges. The crypto market experienced a $300 trillion stablecoin flash crash event, as Paxos mistakenly minted $300 trillion PYUSD