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Search Results for: liquidation

Genesis Trading Sells Off 600 Bitcoins Amid Bankruptcy Proceedings

Genesis Trading is now dealing with bankruptcy and is continuing to sell off large amounts of Bitcoin. Analysts and investors are taking notice of the company’s decision to send 600 Bitcoin (BTC) to Coinbase, which is worth about $37.72 million. A substantial 600 Bitcoin (BTC)—worth over $37.72 million—was reportedly sent

July 15, 2024 2 mins read

SparkDEX Launches Advanced AMM & Perps Protocol on Flare

Flare, the layer 1 blockchain for data, is thrilled to announce that the SparkDEX team has opted for deploying their sophisticated decentralized finance hub on the network, which includes an AMM and perps protocol. By doing this, SparkDEX will take use of the decentralized data access provided by Flare’s entrenched data

July 15, 2024 3 mins read

Ethereum Breaks $3.3K Barrier Ahead of Spot ETF Launch

Ethereum (ETH) is in a brief bullish swing. Over the past 24 hours, after a 4.71% spike, the second-largest cryptocurrency marked a high of $3,373. This surge comes alongside Bitcoin’s recoup of over 4% to $63.2K.  ETH crossed the $3.3K threshold amid this week’s highly anticipated spot ETH ETFs (exchange-traded

July 15, 2024 2 mins read

Celsius and KeyFi Settle Lawsuit with Asset Transfer and NFT Sales Agreed

Last week, an agreement was filed in court by the two parties involved in the KeyFi and the founder Jason Stone’s link to the insolvent crypto lender Celsius. This settlement follows a series of lawsuits and countersuits. As part of the settlement deal, Celsius will get a plethora of assets

July 15, 2024 2 mins read

Will Solana Bulls Win the Combat Against Opposing Bears?

The second-largest altcoin, Solana, has experienced a price dip in the last 24 hours. With prices having declined by 5.40% Solana reverted to its previous support level at $134 on Friday. This price movement occurred amidst the overall crypto market showing a decline in market cap by 1.41%.  In the

July 12, 2024 2 mins read

Investors Bet Big On Clandeno (CLD) ICO As Coinbase Approval Finalizes; AI Simulations Forecast 1000X Growth In Weeks Whilst Bitcoin (BTC) And Chainlink (LINK) Bounce Back

TL: DR Markets Show Quick Recovery as Clandeno ICO Approaches Bitcoin (BTC) recovered above $58,000 as buyers reappeared for both spot coins and ETF positions. Chainlink (LINK) followed the trend, rising close to $13 after signs of renewed accumulation. Bitcoin (BTC) traded at $58,396.66 while seeing a recovery of volumes

July 12, 2024 3 mins read

Will the German Government’s 90% Bitcoin Sell-Off Affect BTC Price?

The German government’s Bitcoin holdings have seen a drastic 90% reduction, with Bitcoin (BTC) falling to break the $60,000 zone twice in 48 hours. This substantial sell-off has led to heightened market volatility and investor concern. In January, the German authorities seized a substantial stash of Bitcoin, totaling 49,860 BTC,

July 12, 2024 2 mins read

Hamster Kombat Creators Shed Light on Game’s Origins and Second Airdrop

It would seem that among “clicker” games hosted on Telegram, Hamster Kombat is unrivaled, with over 250 million users. Despite the first airdrop for Hamster Kombat scheduled for this month. Little details about the game’s origins or developers have been revealed. Thus, leading crypto enthusiasts to wonder what’s next for

July 12, 2024 2 mins read

FTX Disputes Jump Trading’s $264 Million Claim Over SRM Tokens

The FTX bankruptcy estate is disputing a $264 million claim by Tai Mo Shan, a subsidiary of Jump Trading, related to a loan agreement with Alameda Research involving 800 million Serum (SRM) tokens. SRM served as the cryptocurrency for Serum, a decentralized exchange once affiliated with FTX, which collapsed following

July 11, 2024 1 min read

Pyth Network Launches Express Relay on Mainnet, Eliminates MEV

Express Relay, the newest product from Pyth Network, a provider of real-time market data for blockchain applications, has been formally released on the mainnet. The launch presents a revolutionary decentralized solution to the long-standing issue of Miner Extractable Value (MEV) in processing transactions in DeFi that improve market efficiency and

July 11, 2024 4 mins read