This morning, Arthur Hayes, one of BitMEX’s co-founders, sold off 237,672.8 GMX tokens worth approximately $10 million from his stash, leading to a significant drop in GMX prices upon transfer to the market maker of NFT platform Blur. According to Lookonchain’s report, Hayes was poised to earn approximately $3 million in profit if he sold … Read more
PancakeSwap, an decentralized exchange, has teamed up with Stryke (previously named Dopex) to launch a fresh initiative in the decentralized finance sector: CLAMM Options Trading. With this new venture, traders can now engage in options trading, establish on-chain options markets, collect premiums, and receive swap fees. Through this collaboration, we’ll bring American-option CLAMMs to Arbitrum’s … Read more
At the ten-year milestone, NiceHash, a trailblazer in Bitcoin mining hashpower marketplaces, announces plans for a two-day summit to commemorate its accomplishments. Dubbed as a tribute to continuous innovation, adaptability, and expansion in an industry known for its hurdles, the NiceHash Summit is set to be an unforgettable event. A press release from Coinspeaker announces … Read more
A crypto trader named Avraham Eisenberg, currently in prison, will go on trial this week for allegedly changing the landscape of Decentralized Finance (DeFi) by manipulating Mango Markets, a DeFI platform, to obtain $110 million. However, Eisenberg claims his actions were just taking advantage of a coding flaw rather than breaking the law embedded in … Read more
Early on Monday in the United States, Bitcoin experienced a substantial rise, pushing its price above $72,000. This upward trend, representing a 4.5% hike within just five hours, from around $69,500 to a peak of $72,579, can be linked to several factors that have been influencing the cryptocurrency market. #1 Strong Bitcoin Spot Demand The … Read more
A large transfer of Shiba Inu tokens, amounting to over 692 billion units, has been carried out by an anonymous whale. This transaction was reported by Whale Alert, a monitoring platform for significant transactions on the blockchain, and it is equivalent to around $19.2 million in value. Based on a recent update from Whale Alert’s … Read more
In March, there was a notable decrease in the circulation of PayPal’s stablecoin PYUSD, which is a collaboration between PayPal and Paxos. The most recent transparency report from Paxos reveals that the total amount in circulation dropped by 38% to $188.5 million, down from its peak of $312 million in late February. This sudden decrease … Read more
In light of Bitcoin‘s resurgence, cryptocurrency expert Michael Van De Poppe has made an intriguing projection. He believes that Bitcoin could surpass the $300,000 mark during this current bull market. Bitcoin Price Targetted At Unprecedented Heights This Cycle For the past month, Bitcoins price has been stabilizing and failed to maintain its upward trend past … Read more