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Bitcoin Soars, Then Retreats: What’s Behind This Week’s Roller Coaster? What’s Ahead?
Its Thursday retreat notwithstanding, bitcoin has surged about 13% over the past seven days. The spike reflects investor optimism, although macroeconomic concerns remain.
Trader Front-Runs Gains Network's Listing on Crypto Exchange Binance to Profit $100K
Someone bought $200,000 worth of GNS tokens shortly before the listing and sold them for a profit afterward as they rose 50%.
How Solvency Check Error Led to USP Depegging on Avalanche-Based Platypus Finance
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack.
TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation
The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
Only 31% of Staked Ether May Be Profitable: Binance Research
Around 2 million ETH were staked when prices were in the range of $400 to $600. These stakers are some of the strongest Ethereum believers, according to Binance Research.
Market Demand Pushes Trading Volumes on DEX Level Finance to Over $1B
The decentralized exchange was launched just over two months ago and earned lifetime fees of $1.2 million.
Short Trades Make up 90% of $200M in Losses as Bitcoin, Ether Surge
Bitcoin futures saw some $85 million in losses alone, data shows.
Tether's USDT Gains $1B as Paxos Burns Over $1.8B of Binance USD Stablecoins
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
Bitcoin Soars Past $24K to Reach 2-Week High
Investors liquidated some $60 million of BTC short positions over the past 24 hours, pushing the price higher Wednesday, data shows. Ether also climbed.
Ether Staking Service Lido Granted 1M Optimism Tokens to Incentivize Wrapped Staked Ether Adoption
Lido and Optimism aim to increase the availability of wrapped staked ether (wstETH) with OP tokens through the new liquidity mining and user incentives program.
