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Crypto News Summary: Solana-Based Mango Markets Suffers $100M Exploit, BNB Chain Executes Moran Hard Fork
12.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Solana-Based Mango Markets Suffers $100M Exploit, BNB Chain Executes Moran Hard Fork
Finder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit
12.10.2022
46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Higher Ahead of US Inflation Report
12.10.2022
Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly consolidated ahead of the release, which many believe could trigger further action from the Federal Reserve Bank. Ethereum was also higher, as the token rose...
First Mover Americas: Bitcoin Due for Big Move, Solana's TVL Tanks After Mango Exploit
12.10.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 12, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto
12.10.2022
European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto...
Bitcoin Technical Indicator Signals Big Moves With Some Traders Getting Ready to 'Sell Volatility'
12.10.2022
Options look pricer, one expert said, saying now is the time to sell volatility
Mango Markets Protocol Suffers $100 Million Exploit
12.10.2022
The Mango Markets protocol has experienced an exploit that allowed a person or group to get away with around $100m worth of various cryptoassets.
Per a Twitter thread from Mango Markets, the exploit was carried out by a person or group funding an account with the stablecoin USDC, and later taking...
How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango
12.10.2022
A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake decentralized exchange (DEX)
Mango Markets Hacker Provides Ultimatum: ‘Repay Bad Debt’
12.10.2022
Hacker proposes to send back stolen MSOL, SOL, and MNGO if Mango Finance promises to pay back bad debt using USDC available in its treasury
First Mover Asia: Will Bitcoin Remain in the Doldrums? Signals Are Mixed; Major Cryptos Are Mostly Flat
12.10.2022
Analytics platform CryptoQuant believes this week's Consumer Price Index will move markets; bitcoin continues its recent holding pattern on Tuesday
$100M drained from Solana DeFi platform Mango Markets, token plunges 52%
12.10.2022
The platform’s treasury was drained of over $100 million worth of cryptocurrency after an attacker manipulated price data of its native token to take out loans against their holdings
Market Wrap: Bitcoin Remains in a Quiet Place Ahead of FOMC Minutes
11.10.2022
The largest cryptocurrency by market capitalization continues in a tight range, a little over $19,000. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Bitcoin Recovers $19K Though Inflation Fears Haunt Market
11.10.2022
The largest cryptocurrency's price had slipped earlier Tuesday to its lowest in almost two weeks, but the market recovered as U.S. stocks rebounded
Looming US CPI Report Has Bitcoin Investors Seeking Protection in Case Inflation Tops Expectations
11.10.2022
Investors seem worried about the possibility of the impending CPI injecting renewed downside volatility in bitcoin and are preparing for the same
First Mover Americas: Once-Bouncing Bitcoin Now Just Rolls Like Ball
11.10.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 11, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Former CEO of Bankrupt Crypto Lender Celsius Cashes Out $960K in CEL, USDC, Data Show
11.10.2022
Alex Mashinsky, who resigned as Celsius’ CEO on September 27, continues to move crypto out of wallets while withdrawals are suspended for customers
Bitcoin's Calm Amid Soaring Bond Market Volatility Points to 'HODLer'-Dominated Crypto Market
11.10.2022
Bitcoin's 90-day realized volatility has dropped to lowest since December 2020, defying long-standing criticism that cryptocurrencies are more volatile than traditional market assets
Billionaire Paul Tudor Jones Expects Bitcoin Price to Be ‘Much Higher’ Than Today
11.10.2022
Billionaire hedge fund manager Paul Tudor Jones says cryptocurrencies, specifically bitcoin and ethereum, will be “at a value much higher than where we are today.” Confirming that he still owns bitcoin, the famed hedge fund manager revealed that he “always” has a small...
First Mover Asia: Influencer Logan Paul’s ‘Bumblebee’ NFT Is Worth More Than $10; Bitcoin Dips Late but Remains Over $19K
11.10.2022
The YouTube star has lost money on the NFT but not as much as some observers were saying. Valuations remain subjective even as the market has plummeted
Crypto's downturn is about more than the macro environment
11.10.2022
The global economic downturn should not have a long-term negative effect on cryptocurrency prices, even if it is influencing crypto in the short term