Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data

Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay. Major stablecoin issuer Tether froze yet another batch of USDT on the Ethereum blockchain, freezing more than $8 million worth of the cryptocurrency. Crypto monitoring resource Whale Alert has identified several transactions that indicate Tether froze three USDT addresses on Oct. 10. According to data from transaction logs on Etherscan, the frozen addresses hold 3.4 million USDT, 1.95 million USDT and 2.9 million USDT. The addresses…

Short Traders Lose $82M as Bitcoin Bounces to $43K

A bit over $45 million worth of longs were liquidated. Liquidations occur when an exchange forcefully closes a traderโ€™s leveraged position as a safety mechanism due to a partial or total loss of the traderโ€™s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source

MicroStrategy purchases $82M in Bitcoin, now holds 122,478 coins

Business intelligence firm MicroStrategy has added 1,434 Bitcoin to its coffers after purchasing the crypto asset at an average price of $57,477. According to a Thursday filing with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BTC) between Nov. 29 and Dec. 8 for roughly $82.4 million, making its total holdings 122,478 BTC. With the recent buy, MicroStrategyโ€™s holdings are valued at more than $5.9 billion, representing more than $2.2 billion in gains. MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price…

Yearn Finance (YFI) Up 13% Following Polychain’s $8.2M Investment

Yearn Financeโ€™s governance token YFI resumed its uptrend on Friday as traders assessed a high-profile investment into its asset management protocol. On Wednesday, crypto firm Polychain Capital increased its exposure in the YFI market after buying another 141 tokens. According to Messari, the hedge fund had purchased 329 tokens last month, a move that gave it control of 1.6 percent of the total YFI supply, amounting to almost $8.5 million at this writing time. Bullish Outlook The news prompted traders to increase their short-term upside bets in the YFI market.…