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Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex
14.9.2023
Crypto’s liquidity crunch could allow event-based volatility to have a greater impact on prices, according to a recent analysis from Bitfinex
EY invests $1.4 billion in AI tech, launches new platform
14.9.2023
Ernst & Young revealed billions of dollars of investments into AI technologies and the launch of a new AI-powered platform for its clients and internal personnel
Bitcoin Price Prediction as Daily Trading Volume Surges Past $10 Billion – Are Whales Buying Again?
14.9.2023
As Bitcoin continues its oscillating dance on the charts, it gives subtle hints of a resurgence. The premier cryptocurrency currently trades at $26,244, marking a nearly 1.25% rise on Thursday.
This surge is juxtaposed against an intriguing backdrop: Economist Peter Schiff has been vociferously...
FTX Approved to Sell $3.4B in Crypto; Tron’s Justin Sun, DWF Labs Consider Buying Cache
13.9.2023
The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and said he is considering an offer for FTX’s...
Ethereum Price Prediction as $10 Billion Trading Volume Comes In – Can ETH Reach $10,000?
13.9.2023
Ether (ETH), the cryptocurrency that powers the world’s largest and most widely used smart-contract-enabled layer 1 blockchain Ethereum, has been nudging higher in recent trade and was last changing hands around 0.5% higher in the last 24 hours in the $1,610 area, now up close to 5% from earlier...
Polygon co-founder - $1B bet on ZK-rollups paying off
13.9.2023
Polygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer 2 solutions
FTX Estate Controls $1.1B in Solana and $560M in Bitcoin Amid Bankruptcy Revelations
11.9.2023
The FTX estate, currently overseeing the bankruptcy and restructuring of the once-active crypto exchange, reveals holdings of $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC). 16% of Solana’s Market Cap Is Held by FTX In a recent Monday court filing, a stakeholder update...
New Court Filing: FTX Holds $1.1 Billion in SOL and $560 Million in BTC
11.9.2023
Now-defunct crypto exchange FTX holds approximately $7 billion in assets, including $1.16 billion worth of Solana (SOL) tokens and $560 million in Bitcoin (BTC).
In a Monday court filing, the company said it has managed to secure $1.5 billion in cash in addition to the $1.1 billion it held as...
Maple Finance Nearly Imploded, but Sid Powell Wants to Bring Back Its Billion Dollar-Plus Glory
11.9.2023
Last year’s crypto crash wiped out Maple Finance’s TVL as borrowers crumbled and lenders fled. In an interview with CoinDesk, the protocol’s co-founder and CEO lays out his plan for growth in an era of heightened risk management
Bitcoin Price Prediction as Daily Trading Volume Falls Below $5 Billion – What's Going On?
10.9.2023
As the cryptocurrency market witnesses unprecedented shifts, Bitcoin's trading volume has notably dropped below the $5 billion mark, raising questions and speculations. As of Sunday, Bitcoin stands at $25,878, reflecting a minor dip of less than 0.10%. Several contributing factors come into...
Turkish Crypto Exchange Boss Gets 11,196 Years in Prison
10.9.2023
The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...
US Court Orders Collapsed BTC Investment Firm to Pay Over $1.7 Billion in Restitution for Forex Fraud
9.9.2023
A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target...
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
9.9.2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral...
The Fed could lose $100B — Does this spell catastrophe for Bitcoin?
8.9.2023
On the latest episode of “Macro Markets,” Marcel Pechman explains the potential implications for crypto of the Federal Reserve losing $100 billion
$500 Billion Asset Manager Mirae Partners with Polygon in New Web3 Technology Push
8.9.2023
South Korean asset management giant Mirae Asset Securities has partnered with Polygon Labs to advance tokenization and Web3 onboarding within traditional finance....
Read More: $500 Billion Asset Manager Mirae Partners with Polygon in New Web3 Technology Push
Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings
6.9.2023
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin...
Crypto's Liquid Staking Sector Rises to Near Record High with $15 Billion Surge
5.9.2023
While investors continue to withdraw capital from the decentralized finance (DeFi) industry at large, one particular sub-sector is growing at breakneck speed. Here's the latest.
The total value locked (TVL) within liquid staking protocols has ballooned to $20 billion as of September 2022. That’s...
Casascius Bitcoin Peels: $10M Cashed in 2023, Yet a $1 Billion Stash Remains Unclaimed
4.9.2023
While bitcoin (BTC) is already a limited asset, Mike Caldwell’s Casascius physical bitcoins take rarity to a whole new level. Between 2011 and 2013, he endowed over 27,000 coins and bars with nearly 100,000 BTC. As we step into September 2023, a limited supply of 19,082 Casascius physical...
Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records
4.9.2023
The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section titled “Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy” shows that Bankman-Fried reportedly...
BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span
3.9.2023
The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark, while in a surprising twist, the stablecoin trueusd...