Sharp STRC, SATA Drops Were Leverage Liquidations, Not Credit Failures
According to Cole, strong collateral can sometimes encourage excessive risk-taking instead of preventing it.
Strive CEO Matt Cole said on June 19 that the recent steep…
ETH Trapped Below $1.7K Raises Call For Another “Selling Wave”
Ether's (ETH) exchange and derivatives data turned weaker over the past month. Binance recorded net inflows of 57,700 ETH, while futures open interest fell to a year-low of $10.3 billion from $15 billion, and the ratio of leveraged…
Crash Signal or False Alarms?
Do whales know something we don't?
The OG meme coin has fared poorly over the past several months, dropping out of the elite top 10 crypto club.
While some market…
QCP warns Strategy’s overhang could cap Bitcoin’s upside despite U.S-Iran deal
Singapore-based crypto trading desk QCP Capital has warned that Bitcoin may fail to benefit from the U.S-Iran deal. According to QCP’s analysts, Strategy had limited coverage for dividend payouts. As such, it could be forced to sell more…
Second $2.1M Exploit Hits Aztec in Less Than a Week: SlowMist
Deprecated Aztec infrastructure has suffered a second exploit within days, adding to concerns about the security of abandoned smart contract infrastructure.Aztec’s private rollup bridge was exploited on Thursday for 1,158 Ether (ETH),…
Malta Weighs Legal Framework for DAOs and DeFi Projects
Malta’s financial regulator has issued a discussion paper outlining a potential legal framework for decentralized finance (DeFi), including recognition of decentralized autonomous organizations (DAOs), as European policymakers continue to…
BlackRock Says Bitcoin is Onboarding Investors Into TradFi
BlackRock’s spot Bitcoin exchange-traded fund has been a gateway for new investors to enter the wider ETF market, according to Jay Jacobs, US head of equity ETFs at BlackRock. Around three-quarters of investors in BlackRock’s iShares…
Arthur Hayes Adds $2.5M in ETH After HYPE and ZEC Criticism
TLDR
Arthur Hayes-linked wallet purchased 1,400 ETH worth approximately $2.5 million.
The ETH purchase followed criticism over Hayes’ recent sales of HYPE, ZEC, NEAR, and WLD.
ZEC fell more than 50% after Hayes’ sale became…
Bitcoin, Altcoins Held In Tight Grip By Bears: Will Dip Buyers Arrive?
Key points:Bitcoin remains under pressure, but select analysts believe the downside may be limited.Most major altcoins have continued to skid toward their support levels, but HYPE remains in a solid uptrend.Bitcoin (BTC) has dipped below…
Can the 198% step up in ASTER buybacks, burns reverse its bearish fortunes?
Aster hiked by 1.34% in the last 24 hours, with the daily trading volume spiking by 366%. However, ASTER’s rally had pushed the crypto from $0.661 to $0.803 on Wednesday, 17 June.
This 21% move came because of an official announcement…