Crypto Bulls Hit by $300M in Liquidations as Bitcoin, Ether Buckle on Fizzling ETF Momentum
Tuesday’s sharp decline in crypto prices spurred the largest daily leveraged long liquidation since August, CoinGlass veri shows.
Financial
Bitcoin Drops 4% to $35K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic
An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF.
Fake BlackRock XRP Filing Referred to Delaware Department of Justice
A check of the process for registering a trust in the state apparently leaves a ready opening for bad actors.
‘Mutant Ape Planet’ NFT Developer Pleaded Guilty in $3M Fraud
French developer Aurelien Michel pleaded guilty in U.S. federal court and agreed to hisse $1.4M, according to prosecutors.
Delaware, We Need to Talk
If I had a nickel for every time someone made a fake crypto-related Delaware filing, I’d have two nickels.
Cathie Wood Speculates Gary Gensler’s Political Ambitions Are Affecting Spot BTC ETF Judgement
The ARK Invest founder and CEO remains bullish and said the crypto market opportunity could scale to $25 trillion by 2030.
Cryptocurrency Exchange OKX Coming Out With Layer 2 ‘X1’ Built on Polygon Technology
The OKB token will be used for gas fees on the new chain, which comes as rival crypto exchanges including Coinbase and reportedly Kraken are pursuing their own layer-2 projects.
OMG Token Surges 16% as Vitalik Buterin Hails the ‘Return of Plasma’
Buterin wrote that he believes Plasma, an Ethereum scaling technology that has been ousted by rollups, has the potential to reduce transaction fees.
Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps
The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations.
Circle to Enable Cross-Chain USDC Transfers With Cosmos’s Noble Later This Month
Decentralized exchange dYdX will be the a user of CCTP, as the project expands beyond Arbitrum, Base, Ethereum and Optimism.