The messaging app is no longer available to download for iPhone users, and the reason for its disappearance remains unknown at this time.
The news has sparked a sharp sell-off in GRAM, with the token dropping significantly following the removal.
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The rally has also triggered a wave of short liquidations, with approximately $400 million in leveraged short positions wiped out over the last 12 hours.
The move follows the SEC’s approval of limited on-chain trading for tokenized stocks, alongside new CFTC rulemaking aimed at establishing a regulatory framework for the crypto market.
Despite the crypto momentum, markets are currently expecting the Federal Reserve to raise rates by another 25 basis points next month.
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Confirmed by BITGET CEO: Source
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