After the October 10 market crash that saw massive losses in bitcoin BTC$112,756.46 and other cryptocurrencies, nearly $1 billion in DeFi positions involving Athena’s staked USDe (sUSDe) are now at risk, according to a new report from Sentora Research. Since the crash, Sentora notes that rates in the DeFi markets have fallen significantly, which has […]
sUSDe Loop trades to a value of DKK 1 billion. USD at risk Read More »
Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin was trading around $112,100 in early Asian hours, down
BTC Holds Ground As Traders Sit On Stablecoins Ahead Of Fed Decision Read More »
Internet Computer Protocol (ICP) rallied on Tuesday, jumping 1.6% to $3.22 as the token broke through the $3.20 resistance zone. Trading volume rose to 1.26 million tokens, representing a 115% increase over the 24-hour average, according to CoinDesk Research’s technical analysis data model. The rally started around 03:00 UTC, with the ICP posting three consecutive
ICP hovers around $3.20 resistance with 115% volume increase Read More »
BNB, the symbol for the BNB Chain, fell in the last 24 hours, even after the blockchain burned 1.44 million BNB, worth about $1.63 billion, by sending them to an inaccessible address, thus removing them from circulation. The coin fluctuated between $1,122 and $1,154 during the period, ultimately falling to $1,137. The recent burn is
BNB falls slightly after $1.65B token burn, eye resistance near $1,150 Read More »
Heather Morgan, one of the married duo convicted in the Bitfinex hack, jumped back on social media last week after getting out of prison, and the up-and-coming rapper known as “Razzlekhan” touted President Donald Trump’s aide in her early release. But a White House official told CoinDesk that it had nothing to do with a
Heather ‘Razzlekhan’ Morgan’s release from prison wasn’t us, White House says Read More »
Governments force banks to report your activity, assess whether you are suspicious and close your accounts when you step outside the norm. How? It dates back to 1970. President Richard Nixon had yet to be caught surveilling his political opponents. Instead, October 26, 1970 marks when President Nixon signed the Bank Secrecy Act and laid
55 years of financial monitoring Read More »
Bitcoins BTC$112,761.92 expires BCH$558.25 demonstrated relative strength in the past 24 hours, rising above 1% to challenge a bearish trend line. The cryptocurrency rose from $561 to $564, testing the trend line connecting the October high with the higher peak reached in September. A break above that would cement the recent price action, which has
Bitcoin Cash (BCH) News: Challenging Downtrend Read More »
The final dress rehearsal for Ethereum’s upcoming Fusaka upgrade took place on Tuesday as the blockchain prepares for the activation of the mainnet hard fork. The test, which went live around 18:53 UTC on the Hoodi testnet, involved the release of a number of code changes intended to make Ethereum more scalable and more cost-effective.
Ethereum’s Fusaka Upgrade Completes Final Hoodie Test Ahead of Mainnet Launch Read More »
Bitcoins BTC$113,234.27 the rally attempt stalled again on Tuesday, with prices once again not holding above $116,000. Sellers stepped in during the US afternoon hours and pulled BTC back below $113,000, almost identical to Monday’s reversal. The largest crypto changed hands at $112,700, down just 2% over the last 24 hours. Ether ETH$3,990.80 fell 4%
Silent Selloff Tuesday afternoon Read More »
Tether, the crypto company behind the world’s largest stablecoin USDT, held over 11.6 tons of gold bullion to support the value of its tokenized gold supply as investor demand for the yellow metal grew XAUT$3,958.36issued by TG Commodities under El Salvador’s digital asset framework, was backed by more than 375,000 ounces, about 11.6 tons, of
Tether Gold (XAUT) reserves exceeded 11.6 tonnes in Q3 amid the Yellow Metal’s rally Read More »
