An industry spread selloff in digital assets from significant exchanges and the fall of highly rated tokens like TerraUSD and Luna have triggered ripple effects across the crypto industry. The recent mass crypto liquidation wave has triggered fear of contagion risks. Major DeFi lenders Celsius Network and Babel Finance froze withdrawals, and Three Arrows Capital,...Read More
Two weeks ago, the biggest and arugbly the most important cryptocurrency exchange in the world was accused of money laundering by the CFTC. The incident went so far that the company’s CTO Samuel Reed was arrested. Besides the bad PR for Bitcoin, this saga was sure to hurt the cryptocurrency’s price, yet here we stand...Read More
On the question of asset allocation, fund managers are spending more time looking for avenues to park funds, rather than assets for investing in. DeFi has proven to be a rather attractive avenue for parking funds. Investors look for capital efficiency as that is the driving force behind management fee cuts in traditional finance and...Read More
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi Collateral Loans as ‘Black...Read More
In order for a crypto asset to be attractive to traders it needs to have liquidity. Without any daily volume there is nothing really to trade and recent findings indicate that 95% of altcoins fall into this category. Dying Altcoins in The Thousands Even with today’s minor dip, bitcoin dominance is still holding above 70%...Read More
The future of banking may look very different compared to today. It would appear SBI Ripple Asia is looking to expand in an aggressive manner. During a recent meeting, it was announced how this consortium wants to take up roughly half of the transaction volume of the Ripple network. SBI Ripple Asia is Liquidity-Hungry That...Read More
The reason the majority of the cryptocurrency market has under-performed this year is lack of liquidity. Add margin trading to that and the potential of massive cascades in price arises as holders of the altcoin MATIC have just found out.Cryptocurrency Collapse: MATIC Dumps 70%A few hours ago MATIC dumped a whopping 70% in a matter...Read More
Market makers have a reputation that is entirely disproportionate to what they do. Despite what half of crypto Twitter would have you believe, MMs, as they are colloquially known, are a neutral force when used correctly. But should tokenized projects be routinely deploying these tools on crypto exchanges, and what are the long-term ramifications of...Read More
Margin trading has taken the cryptoverse by storm lately, with Malta-based Binance recently introducing margin trading for a number of cryptocurrencies on its platform. A number of other exchanges have also followed its lead. However, margin trading comes with a lot of risks, and if there is not enough liquidity on the exchange, whales can...Read More
