Bitcoin slides on Iran airstrikes and a Google engineer allegedly used his own company's data to gain polymarket.

Bitcoin dropped below $73,000 on Thursday after U.S. forces carried out air strikes near the Strait of Formuz and shot down four Iranian attack drones. The move triggered

nearly $1 billion in liquidations with $897 million coming from long positions. Ether fell below

$2,000. S&P futures turned red and oil jumped as traders priced out a deal to reopen the strait.

Black Rock's Ibit shed almost $528 million on Wednesday, the second largest

single-day outflow since the launch in January 2024. The 11 U.S. bought Bitcoin ETFs combined

to lose more than $2 billion over the past two weeks. The draw came a day after a single investor

sold $1.29 billion of Ibitit shares in one dark pool block trade.

And a Google security engineer was arrested and charged with using the company's internal

search trend data on polymarket. Prosecutors say Michelle Spagnolo transferred $3.8 million

in USC to polymarket and personally pocketed about $1.2 million before trying to move the funds to an

account in Italy. He's charged with commodities fraud, wire fraud, and money laundering.

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