First Mover Asia: Crypto Sell-Off Due to Fed Hawkishness, Possible Jump Dump of ETH, Says QCP Capital; Cryptos Decline Slightly in Monday Trading Source
Solana SOL trades below $35 against Tether (USDT) after flipping its support into resistance in recent weeks. The price of BTC failed to sustain its bullish structure as it breaks below key zones, this breakdown in prices affected other altcoins like Solana leaving investors confused as to where the market is headed. Solana (SOL) Price Analysis On The Weekly Chart Weekly SOL Price Chart Analysis | Source: SOLUUSDT On Tradingview.com From the chart, the price of SOL saw a weekly low of $31, which bounced from that area and rallied…
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Ethereum regained investor support despite a recent price slump. Source
There are 68 digital assets inside the Computing sector, with top assets Chainlink (LINK) 2, representing 17.2% of the Computing Sector, and the top 10 assets representing 63.4% of the total market cap. There are 19 assets in the Shared Storage Industry Group, totaling around $9 billion in market cap, with Filecoin (FIL) 1 being the largest. In the Oracle industry group, there are 11 assets totaling around $8 billion in market cap, with Chainlink (LINK) 2 being the largest. There are currently 11 assets in the IoT industry group,…
BendDAO – from a distance – looks like an old-school bank: Some customers deposit money into the decentralized finance (DeFi) platform, which loans the money out, giving depositors a cut of the interest payments. Those loans are backed by collateral but with a crypto-quirk: that collateral is pictures of monkeys, pixelated heads and other pricey non-fungible tokens (NFTs). Source
Like other SROs, it would be paid for by the industry being regulated, Massad said. In addition, the proposed committee’s standards would aim to be vastly different from the self-regulatory efforts the crypto industry has attempted, which Massad noted “are much too weak.” Source CFTCCryptoHeresRegulateSECWork CryptoX Portal
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The exploit of one of Acala’s liquidity pools demonstrates how easily billions of dollars can be siphoned from DeFi platforms, potentially wreaking havoc on an entire industry in a matter of minutes. Source
Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publication Newspim. The companies aim to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the project are now being finalized. According to the local coverage, Samsung Securities had been studying ways to develop and operate a securities token trading platform but was unable to recruit the…