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Search Results for: liquidation

Sony Group Enters Crypto Market with Amber Japan Acquisition

Sony Group, the hundred billion-dollar Japanese tech giant, marks its entry into the crypto exchange sector by acquiring Amber Japan. The crypto trading service operated by Amber Japan, Whale Fin, was rebranded as S.BLOX Co., Ltd. It has plans to expand its crypto-related services in collaboration with Sony. Amber Japan

July 1, 2024 1 min read

Bitcoin Miner Withdrawals Drop 85% Since Halving Event in April

There has been a data-driven 85% drop in Bitcoin miner withdrawals since the mid-April Bitcoin halving. The onchain analytics platform CryptoQuant said in a June 28 post that the pressure on miners to sell is “weakening.” Miners of Bitcoin (BTC) have had to adapt to a new economic reality for

June 28, 2024 1 min read

Bitcoin Sees Massive Sell-Off, Miners Liquidate BTC Worth $2 Billion

Bitcoin miners sold around $2 billion worth of cryptocurrency in June, or more than 30,000 BTC. So far this year, this is the worst monthly sell-off recorded. In addition, when miners began selling off their holdings to keep afloat after the latest Bitcoin Halving, this massive liquidation has pushed miner

June 24, 2024 2 mins read

Will Ethereum Hold $3,500 Amidst Market Uncertainty?

June 22, 2024 – Ethereum (ETH) remains a focal point in the crypto market as it grapples with a key support level of $3,500 amidst renewed concerns over Ethereum ETF approval. Earlier today, ETH dipped below $3,500, sparking fears of a potential decline towards $3,200. However, ETH managed to find

June 22, 2024 2 mins read

Pyth Partners with Gauntlet and Morpho to Boost Lending on Base and Ethereum

Pyth Network, a real-time market data provider for blockchain applications, has teamed up with Gauntlet and Morpho to provide improved lending and borrowing experiences on Base and Ethereum. DeFi protocols benefit from Pyth’s dependable, low-latency price data, which gives them a competitive advantage and allows them to optimize capital efficiency

June 21, 2024 3 mins read