Crypto Market Plunges Amidst Exchange Scrutiny and Trump’s Tariff Shock

A dramatic plunge in the cryptocurrency market has resulted in a record-breaking $20 billion in liquidations over the past 24 hours. This tumultuous period saw major exchanges come under scrutiny for their practices during this volatility, prompting calls for deeper investigations into trading fairness. Crypto.com CEO Kris Marszalek urged regulators to probe exchange activities amid concerns about price discrepancies, transaction delays, and potential manipulation.