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Search Results for: liquidation

Blockchain-Based Private Loans Surges, Reaching $408M in 2023

In spite of the continuing volatility surrounding the crypto market, blockchain-based private loans have seen an unexpected upturn. There has been a 55% increase in active private loans since the beginning of the year, reaching around $408 million by November 28, according to RWA.xyz, as enterprises seek protection from the

December 18, 2023 1 min read

Ault Alliance Reiterates Its Intention to Commence an Exchange Offer of Common Stock for Series D Preferred Shares at an Effective Price of $0.25 per Share of Common Stock Exchanged

The $0.25 effective price per common share equivalent represents a 201% increase over the last reported sales price of the common stock on December 12, 2023, on the NYSE American Company intends to provide guidance on timing, terms and conditions of exchange offer on December 21, 2023 LAS VEGAS–(BUSINESS WIRE)–$AGREE

December 13, 2023 5 mins read

Can Ethereum Recover From Its Bearish Trap to Cross $2300?

In a rollercoaster ride for the crypto market, Ethereum suffered a substantial decline in the past 24 hours, plunging below the $2,200 mark for the first time in a week. The flash crash on Monday triggered a flurry of activity and raised pivotal concerns among investors regarding the market’s stability

December 12, 2023 2 mins read

Bitcoin Price Plunges Over 5%, Find Out Why

A turbulent start to the week as major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), faced a bearish trend in intraday trading. BTC saw a significant dip of over 5% in the 24 hours, reaching a low of $41,649 before recovering to $42,510, as per CoinMarketCap data. Data from CoinGlass revealed

December 11, 2023 1 min read

Bitcoin Crosses $44k Amidst Golden Cross Buzz. What’s Next?

The cryptocurrency markets have surged from a period of consolidation, showing an upswing since the commencement of the final quarter. Over the past few days, the crypto sphere witnessed the liquidation of more than $120 million in leveraged Bitcoin positions, propelling the BTC price beyond the $44,280 mark.  Additionally, Robinhood

December 7, 2023 1 min read

Defunct FTX and Alameda Research Transfer $22M Worth of Crypto

According to blockchain research company Lookonchain, $22 million worth of digital assets have been transferred by defunct crypto exchange FTX and its subsidiary Alameda Research. After filing for bankruptcy, the new team of FTX and Alameda Research wasted no time and sent large sums to major exchanges. The business has

December 4, 2023 1 min read

Ault Alliance Announces Its Intention to Commence an Exchange Offer to Acquire Shares of Its Common Stock for up to $15 Million in Series D Preferred Shares (an Effective Price of $0.25 per Share of Common Stock Exchanged)

Up to 600,000 preferred shares would be issued at a ratio of one preferred share for each 100 shares of common stock submitted for exchange (for an aggregate of up to 60,000,000 shares of common stock) The $0.25 effective price per common share equivalent represents a 208% increase over the

November 29, 2023 6 mins read

Stablecoin TrueUSD (TUSD) Depegs Amidst Recent Developments

In the wake of Binance’s former CEO Changpeng Zhao’s (CZ) resignation and reports stating that terrorists choose Justin Sun’s Tron over Bitcoin for enabling terror funding, among other things, the TrueUSD (TUSD) stablecoin depegged and fell to a low of $0.995. The current price of TUSD, after an unsuccessful repeg

November 28, 2023 1 min read

Defunct Crypto Exchange FTX Transfers $36 Million Worth Tokens

There has been a fresh wave of token transfers by defunct crypto exchange FTX. Lookonchain reports that the defunct exchange transacted almost $36 million worth of Polygon (MATIC) and Avalanche (AVAX) in the last 24 hours. In the past 24 hours, #FTX transferred a total of ~$36M assets to exchanges.

November 22, 2023 2 mins read

Unveiling the Future Potential of AMM Models in Derivatives Trading Through Equation

Market Overview Derivatives trading has become an indispensable part of the crypto landscape.The perpetual contracts market share significantly increased within the derivatives market even on-chain. The development of on-chain derivatives trading protocols has been going in two main directions. One follows the traditional Centralized Exchange (CEX) order book model, where

November 22, 2023 6 mins read