The stablecoin ecosystem has also been impacted by America’s war on crypto, with a clear divergence happening between the top two issuers. Tether supply has reached an all-time high of 83.36 billion USDT, according to the firm’s transparency report. Industry analyst Will Clemente commented: “The divergence from USDC is striking, reflecting easier access to treasuries...Read More
The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets,...Read More
Glassnode published a report on Monday breaking down investors’ on-chain behavior after the U.S. Securities and Exchange Commission (SEC) sued two of the world’s largest cryptocurrency exchanges. The report acknowledged a boost to the number of short-term crypto holders sending their balances onto exchanges. Exchange Deposits and Withdrawals The report echoed findings from last week...Read More
In a significant legal victory, Galaxy Digital, a prominent American cryptocurrency investment and asset management company, has emerged unblemished from its lawsuit with BitGo, a provider of digital asset custody services. Reports indicate that the case has been dismissed, providing Galaxy Digital with a crucial reprieve in this legal dispute. Court Validates Galaxy’s ‘Clean Termination’...Read More
The BNB Chain core team is set to take over a substantial Binance Coin (BNB) loan position belonging to the decentralized lending platform Venus Protocol as it approaches its liquidation threshold. The $150 million BNB loan belonged to a hacker who exploited a cross-chain infrastructure on the BNB Chain in October 2022, resulting in the...Read More
[PRESS RELEASE – Seattle, United States, June 12th, 2023] Massive Gaming is thrilled to announce the successful launch of House of Poker, a groundbreaking online hold’em game that revolutionizes the poker gaming experience. To commemorate this momentous occasion, Massive Gaming invites players from around the world to join in the excitement of the 100% USDC...Read More
The US Securities and Exchange Commission (SEC) has taken action against Coinbase and Binance, two of the leading global cryptocurrency exchanges. By launching a series of charges, the SEC has initiated a legal conflict that will play a significant role in shaping the trajectory of cryptocurrencies moving forward.JPMorgan recently published a research report discussing the...Read More
Periods similar to the ongoing SEC-induced FUD test the resilience of short-term holders – a cohort that is typically the first to flee as the price of crypto-asset tanks. However, the latest data suggest that the movement of short-term Bitcoin holders depicted strong interest in staying in the market and gaining profitability. A CryptoQuant analyst...Read More
Sturdy Finance – a DeFi project promising up to 10x leverage on staked assets – has been exploited by a hit-and-run attack on its pricing oracle. Although the amount stolen (worth about $800k at the time this article was written) pales in comparison to other, more high-profile attacks like the one on Atomic Wallet users...Read More
[PRESS RELEASE – Central, Singapore, June 12th, 2023] HeartX, a Web3 art NFT marketplace and community, is excited to announce the Open Beta launch of its app product. This marks a significant milestone in the development of the platform, bringing the power of blockchain technology and a vibrant art community together. HeartX has been deployed...Read More
US-based trading firm Robinhood announced the delisting of Solana (SOL), Cardano (ADA), and Polygon (MATIC) after the Securities and Exchange Commission (SEC) labeled them as securities in the suits against two crypto heavyweights. The company, which recently ventured into crypto, said the SEC’s claim cast a cloud of uncertainty around these assets and, as a...Read More
On 30 June 2023 at 12:00:05 UTC, we will update our index weights at BitMEX. From today, the hypothetical values of indices with their new weights will be published as the “NEXT” index family (e.g. .BXBT_NEXT). As of 30 June 2023 at 12:00:05 UTC, assuming no constituent exchanges have been excluded – and due to...Read More
On 14 June 2023 at 04:00 UTC, we will be listing new quarterly futures on BitMEX. The new contracts will be visible on the platform from 13 June at 04:00 UTC as Unlisted, 24 hours before the start of trading. Please see the table below for the listing and settlement dates of current and upcoming...Read More
The Securities and Exchange Commission (SEC) has recently brought forth a series of charges against Coinbase and Binance, both prominent global cryptocurrency exchanges. In a span of less than 24 hours, the SEC filed lawsuits against major players in the cryptocurrency industry. The first lawsuit targeted Binance, the world’s largest cryptocurrency exchange, and its CEO...Read More
