BTC breaks $63K, Bitcoin Minetrix raises over $11.5m in presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. An overwhelmingly bullish 24 hours has swept the crypto market as Bitcoin surges past $63K. This puts it under 9% from its November 2021 ATH, sparking massive excitement among market participants. The elation has spilled over into new altcoins also, with the cloud mining protocol Bitcoin Minetrix recently surging past $11.5 million in its presale. Bitcoin surges as retail and institutional demand floods the market Bitcoin’s rally from $40-$50K…

Cathie Wood’s ARK Sold $11.5M Coinbase Shares

The firm offloaded a total of 82,255 shares worth about $11.5 million at Tuesday’s closing price from the ARK Innovation (ARKK), ARK Next Generation Internet (ARKW) and ARK Fintech Innovation (ARKF) exchange-traded funds (ETF). It has reduced its stake in the crypto exchange on all but two trading days this month. Source

Cosmos-Based DeFi Protocol Quasar to Start Mainnet After Raising More Than $11.5M

In the wake of the spectacular failure of centralized exchanges such as FTX, both crypto natives and investors have increased their focus on decentralized finance (DeFi) and security. Quasar is aiming to address these issues by creating a dedicated layer 1 protocol that will allow investors to deposit funds into permissionless, non-custodial investment vehicles known as “vaults,” that are optimized to work across multiple blockchains, the press release said. Source

Alameda wallet under liquidator control incurred $11.5M in losses: Arkham

The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda’s trading accounts. On Jan. 16, a Twitter thread from Arkham Intelligence reported that one wallet under the control of liquidators has seen a string of “significant losses” due to liquidations, some of which were “preventable losses.” Over the past two weeks being under Liquidator control, the account incurred significant losses: Largest single liquidation: $4.85MTotal liquidated amount: $11.5MPreventable losses: $4M+ — Arkham (@ArkhamIntel) January 16, 2023 As one example, Arkham noted that…