Here’s what happened in crypto today By Cointelegraph

Binance is considering taking legal action against payment provider and former partner (BTC) and Ether (ETH) prices tumbled, causing a host of liquidations in what’s been described as a “bloodbath.” Meanwhile, other cryptocurrencies took a sharp dip, causing market analysts to offer several possible explanations for the sell-off.

Binance considers legal action against

Crypto exchange Binance told Cointelegraph on Aug. 18 that it is considering legal action against its former partner and payment provider The potential legal dispute came roughly one week after reportedly ended its business relationship with Binance over possible regulatory actions.

Bitcoin, Ether price slump leads to crypto bloodbath with $1 billion in liquidations

Crypto market liquidation data. Source: CoinGlass
Biggest liquidation event of 2023. Source: TradingView

Bitcoin, crypto markets take a sudden dip