Following yesterday’s whale liquidation event on Hyperliquid, which saw the decentralized exchange (DEX) lose $4 million, some analysts are characterizing it as a necessary stress test that could ultimately strengthen decentralized finance (DeFi) protocols. Others have even suggested that the incident could benefit Hyperliquid’s native HYPE token in the long run. Lessons Learned The loss […]
Around 35,000 Bitcoin options contracts will expire on Friday, March 14, and they have a notional value of roughly $2.9 billion. This week’s event is a little larger than last week’s, but a mammoth end-of-quarter $11 billion options contract expiry is due on March 28. The impact on spot markets is likely to be minimal […]
Blockchain-based payments provider Ripple has received regulatory approval from the Dubai Financial Services Authority (DFSA), becoming the first company of its kind to be licensed in the Dubai International Financial Center (DIFC). The U.S.-based firm will now be able to offer fully regulated cross-border crypto payments in the United Arab Emirates (UAE), which boasts a […]
MGX has invested $2 billion in Binance, potentially marking one of the biggest funding deals in the industry’s history. This initiative represents the Abu Dhabi-based investment firm’s first entry into the digital asset and blockchain sectors, securing a minority stake in Binance. A Strategic Deal for Crypto and Blockchain Innovation In a March 12 announcement, […]
European regulators are closely examining the role of OKX in laundering funds from a massive cyber heist on Bybit. National regulatory bodies across the European Union deliberated on the issue during a meeting led by the European Securities and Markets Authority’s (ESMA) Digital Finance Standing Committee on March 6. OKX Faces Intense Scrutiny The focus […]
Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained, according to Tradingview. Moreover, BTC market share […]
A massive liquidation event involving a whale’s $340 million ETH position has sent shockwaves through Hyperliquid, resulting in an 8.5% price drop for its native HYPE token. The fallout also left the platform’s HLP vault with a $4 million loss, sparking concerns among traders and investors that it may have fallen victim to hackers. What […]
A widespread outage hit X on Monday which affected users across the world. Many experienced connectivity problems early in the day, with error messages appearing on their screens. Downdetector tracked a peak of 40,000 complaints as the service remained unstable for several hours. A hacker group with alleged Russian ties, known as Dark Storm, has […]
One of the world’s largest asset managers, Franklin Templeton, is planning to launch an ETF that will track the spot price of the Ripple cross-border payment token XRP. The firm made a preliminary prospectus filing for the product with the Securities and Exchange Commission on March 11. The filing is the latest in a slew […]
As the crypto market continues to struggle, bitcoin (BTC) has broken into a new volatile range. On March 10, the cryptocurrency fell below $80,000 and touched the $76,800 range before climbing back up to $81,000 at the time of writing. According to the latest edition of the Bitfinex Alpha report, the cryptocurrency’s decline to $76,800 […]