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The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
- 12:26Data: AguilaTrades increases 25x leveraged ETH short position, with holdings reaching $83.7 millionAccording to ChainCatcher, on-chain analyst Yu Jin has monitored that whale contract trader AguilaTrades has increased their position in 25x leveraged ETH short contracts. The current notional value of the position has reached $83.7 million, with an average entry price of $4,193 and a liquidation price of $4,889.
- 11:32Unicoin CEO: US Banks Still Closing Crypto Business Accounts Without CauseAccording to ChainCatcher, citing a report from Cointelegraph, Unicoin CEO Alex Konanykhin revealed that despite the Trump administration’s pro-crypto stance, major U.S. financial institutions such as Citibank and JPMorgan Chase continue to close crypto company accounts without justification. Since the beginning of this year, Unicoin and its subsidiaries have had services terminated by four banks, including Wells Fargo, City National Bank of Florida, and TD Bank. The Trump administration is planning to sign an executive order requiring federal banking regulators to review such practices. Industry experts point out that substantive change will depend on the introduction of specific regulatory guidelines, and for now, banks remain risk-averse toward crypto-related businesses.
- 10:22Whale AguilaTrades Opens 25x Leveraged Short Position on ETH 20 Minutes AgoAccording to Jinse Finance, on-chain analyst Ember (@EmberCN) has monitored that the whale AguilaTrades has started shorting ETH. About 20 minutes ago, he began opening short positions on ETH with 25x leverage and is currently executing the short sale using TWAP (Time-Weighted Average Price) orders. The order indicates that he will complete the short sale of 10,000 ETH (worth 42 million USDT) in three hours.