The U.S. Justice Department has issued subpoenas to Nvidia Corp. and other companies as part of an ongoing investigation into alleged antitrust violations by chipmaker Nvidia, Bloomberg reports.
The Justice Department, which previously sent companies questionnaires, has now issued legally binding subpoenas compelling recipients to provide information, Bloomberg reported, citing people familiar with the investigation.
The move by the US Department of Justice caused a sharp drop in NVDA shares and the Nasdaq market, as well as a drop in Bitcoin and the cryptocurrency market.
Bitcoin, which soared to $55,000, then reached $56,000, while Ethereum (ETH) fell below $2,400.
Solana (SOL) fell 5.2% to $127, Toncoin (TON) fell 7.8% to $4.82, and BNB fell 3.6% to $513.
The drop has resulted in a large number of long positions being liquidated. According to Coinglass, $194 million worth of lending trades have been liquidated in the last 24 hours. Of these, $169 million were long positions and $25 million were short positions.
Over the last 24 hours, 73,571 investors have liquidated, with the largest single liquidation order being placed on Binance in the ETH/USDT trading pair. The transaction value was $2.94 million.
The most liquidations occurred in Bitcoin and Ethereum, followed by Solana.
*This is not investment advice.
