Crypto market sees over $1.27B in liquidations in 24 hours; Warren eyes WLFI bank charter probe

Cointime reports: The crypto market recorded more than $1.27 billion in liquidations over a 24-hour period, one of several developments in the Nov. 6 evening news roundup. UBS said the Bank of England’s terminal rate is expected to rise to 4.25% or higher, while Tesla will stop Cybertruck production and shift toward artificial intelligence. Senator Elizabeth Warren, set to chair the Senate Banking Committee, may investigate WLFI’s bank charter approval.