Bitcoin DVOL, a volatility index, jumped to 48.5% from 36% in annualized terms. Funding rates on OKX, Deribit and Bybit crashed to -10% in annualized terms. Funding rates in bitcoin (BTC) perpetual futures listed worldwide crashed late Thursday after a sudden price slide put the recently popular short volatility bets at risk. Perpetuals are futures … Read more
An unknown single trader, or a trading entity, lost $55 million on an ether trade against binance usd (BUSD) on crypto exchange Binance as crypto markets plunged suddenly late on Thursday, data shows. The position was made up of 38,986.528 ether (ETH) and liquidated at the $1,434 price level. That was nearly 30% of all … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Bitcoin (BTC) has dropped 7% over the past 24 hours, plunging to levels not seen since June as the digital-asset market witnessed one … Read more
The NFT-backed loans protocol that lost nearly $12 million in crypto during the recent Curve exploit (and then paid a $1 million bounty to get most back) now has to decide how to fill the hole. JPEG’d is a NFT-collateralized crypto lending app that issues customers a derivative of ETH, called pETH, that’s tied to … Read more
BTC’s fall below $26,000 is poised to be the worst weekly decline since the collapse of FTX. Absence of a decision in the closely followed Grayscale vs. SEC lawsuit didn’t support the recovery. Market observers are divided on whether the correction is over. Bitcoin (BTC) is poised to endure its worst weekly decline since the … Read more
Linera, a layer-1 blockchain attempting to tackle scalability issues using ‘microchains,’ said it closed a new $6 million funding round led by venture capital fund Borderless Capital. The firm – founded by a former Meta Novi (Meta’s digital wallet, which will terminate in September) engineer Mathieu Baudet – has now raised a total of $12 … Read more
Donald Trump owns much more in cryptocurrency than was first publicly known, fresh disclosures show. The former president and leading Republican candidate for next year’s election held $2.8 million in a cryptocurrency wallet as of early August, according to official documents governmental ethics watchdog Citizens for Responsibility and Ethics in Washington received Monday. He also … Read more
The price of bitcoin (BTC) barely held the $29,000 level early Wednesday as the summer slump in trading activity weighs on digital assets. The largest cryptocurrency by market capitalization sank to as low as $29,028, the weakest level since August 7 and down about 1.3% from $29,400 a day ago. The price had bounced modestly … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Cryptocurrency exchange Coinbase (COIN) has won approval to list crypto futures in the U.S. nearly two years after first applying. The National Futures … Read more
Latest slide in Russian ruble and Argentina’s peso reveals cracks in the global market, according to one bank. Still, perceived haven assets remain under pressure as Treasury yields and dollar index rise. Perceived safe havens like bitcoin (BTC) and gold struggle to gather upside traction even as signs of cracks in the global market begin … Read more