Tag: Markets

Binance loses 25% of Bitcoin market share as offshore markets shrinks

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As offshore markets diversify, Binance’s Bitcoin market share has declined to 55%, while Bybit emerged as a frontrunner with a surge from 2% to 9.3% Binance‘s dominance in Bitcoin trading outside the U.S. market appears to be shrinking, as its share dropped from 81.3% to 55.3% over the past year as the exchange faced increased competition following the removal of its large-scale Bitcoin zero-fee promotion. According to data from Kaiko, the same trend can also be observed with smaller altcoins, where Binance’s share declined from 58% to 50.5%. Altcoin market…

Crypto Markets Will Be Driven by Geopolitics, Macroeconomy After the Bitcoin (BTC) Halving, Coinbase Says

While crypto has been largely been viewed as a “risk on” asset class, Coinbase says “bitcoin’s continued resilience and the approval of spot exchange-traded funds (ETFs) has created a bifurcated pool of investors (for bitcoin in particular) – one which sees bitcoin as a purely speculative asset, and another that treats bitcoin as a ‘digital gold’ and hedge against geopolitical risk.” Source

Report: Mango Markets Exploiter Convicted in Multi-Million Dollar Crypto Fraud Case

A U.S. federal jury has convicted Avraham ‘Avi’ Eisenberg on charges of commodities fraud, commodities manipulation, and wire fraud due to his involvement in the $116 million exploit of Mango Markets, a Solana-based decentralized exchange (dex) platform. Jury Convicts Avi Eisenberg in $116M Mango Markets Crypto Fraud Case In this high-profile court case, Eisenberg was […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Mango Markets Exploiter Avi Eisenberg Found Guilty of Fraud and Manipulation

Though Eisenberg’s defense team, headed by well-known crypto defense lawyer Brian Klein, argued that Eisenberg was acting within the law, prosecutors showed the jury a bucket of evidence – including internet searches for things like “statute of limitations market manipulation” and “FBI surveillance” and “elements of fraud” and his flight to Israel after his identity as the exploiter was unmasked – indicating he knew his actions were criminal. Source

Bitcoin longs lead $247m in liquidations as markets lull 

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Volatility rocked crypto markets less than two days before Bitcoin’s halving, with the asset bouncing between $61,000 and $64,000. According to CoinGlass, this market fluctuation triggered more liquidations in Bitcoin (BTC) positions and across the broader digital asset ecosystem. Long BTC positions suffered the biggest hit on April 18 due to the token’s brief drop under $62,000.  Traders betting on higher Bitcoin prices logged over $57 million in liquidations across several trading venues. Short positions, investors predicting price declines, lost north of $36 million in 24 hours.  Data also ranked…

Jury Begins Deliberations in $110M Mango Markets Fraud Trial

In their rebuttal, prosecutors said that Eisenberg’s legal attempts to get his money were made after his identity as the exploiter had been exposed. He thought that his proposal to Mango Markets’ DAO, and its subsequent “waiver of liability,” meant he was off the hook, emboldening him to come back to the U.S., they said. Source

Exploring High-Growth Infrastructure Investment Opportunities and Revenue Trends in Public Markets as Bitcoin Approaches Fourth Halving

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Of course, any single digit multiple assumed on valuation metrics must assume a Bitcoin price of between $70,000 to $100,000 which we would argue is reasonable given the current momentum in the price of Bitcoin. Conversely, given that these are technology companies, we would have to admit that execution risk at scale has proven a high hurdle to achieve. Original

JPMorgan Warns of Downside Risk in Crypto Markets

JPMorgan has warned of a downside risk in crypto markets, citing subdued crypto venture capital flows. The global investment bank’s analysts also remain cautious about the U.S. Securities and Exchange Commission (SEC) greenlighting spot ethereum exchange-traded funds (ETFs) in May. Crypto Market’s Downside Risk Warning Global investment banking giant JPMorgan published a report on Thursday, […] Source BitcoincryptoexchangeExchanges CryptoX Portal