Apart from coinbase and circle, Galaxy Digital dropped about 8% and Gemini lost 7%. Robinhood was down around 3%. The miners weren't spared either, with Riot falling about 5% and several other major mining stocks down between 3% and 4%.
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On August 20th Mayor Wendell Hughes introduced Local Law P-2, it lumped crypto mining in with AI, machine learning, server farms and colocation services under a label called "high energy computing." Anything pulling 300 kilowatts or more would be frozen from new approvals for a full year.
By the time researchers at Galaxy Digital had finished assessing the incident, roughly 1,816 BTC, worth close to $116 million, had been moved from more than 5,200 addresses across four separate waves. The largest of those sweeps alone took 1,082 BTC from 1,196 wallets in just 41 minutes.
Back in March, a couple months before Hollander's comments. Courtyard, the Polygon platform basically built on vaulting graded Pokémon cards, partnered with a reseller called Luxury Bazaar. There was a press release, dated March 4th.