Roughly 30 minutes before the announcement, moderators, with the insider information of the impending news, sold 456,353 MOON, then worth $92,000, according to data tracked by onchain sleuth Lookonchain. Another large tranche of 363,227 MOON hit the market two minutes before the announcement, adding to the selling pressure. Source
Jump’s involvement may matter due to an incident a year earlier, in which UST temporarily lost its peg to the dollar. While Kwon told investors the coin maintained its $1 value because of its automated algorithm, SEC experts say that it was, rather, due to Jump intervening in the market at Terraform’s behest. Source
Coinbase Advanced has expanded its offerings to include perpetual futures trading for its non-U.S. retail traders. Coinbase Advanced has unveiled its new feature allowing users to engage in perpetual futures trading, but there’s a catch—it’s exclusive to customers in certain jurisdictions, and the U.S. is not one of them. Users can employ USDC, a stablecoin pegged to the U.S. dollar, to position their bids on four distinct contracts: Bitcoin, Ether, Litecoin, and XRP. Most of these contracts come with the attraction of up to 5x leverage. XRP is the outlier,…
The new legislation “is here to stay,” as, despite a review due to take place after three to six years, legally speaking the current, lighter rules will continue to apply by default, said Keller, who is at the commission’s Securities Market Unit. “It’s very unlikely that the DLT pilot would be discontinued.” Source DLTOfficialPilotRulesSecuritiesStayTradFiTrading CryptoX Portal
Despite the ongoing crypto winter and the various regulatory challenges faced by Coinbase, its shares are trading at a valuation close to that at which they traded in late 2021, which was the height of the last crypto boom, the report added, noting that the stock has risen more than 112% this year versus a 72% gain for bitcoin (BTC) and a 29% uplift for the Nasdaq stock index. Source
Decentralized exchange dYdX Trading announces its transformation into a public benefit corporation, emphasizing community alignment by waiving trading fee revenues for its upcoming v4 platform. Decentralized exchanges are rapidly evolving, and one of the key players, dYdX Trading, has recently announced a significant change in its operations. As of its upcoming v4 platform, dYdX, will no longer earn trading fee revenue. This decision emerges from its recent transformation into a public benefit corporation. Antonio Juliano, dYdX’s founder and CEO, highlighted this pivot by mentioning that as developers of open-source software,…
Unbroken Chain has already started investing early contributions of $1.5 million, with initial assets including a Bitcoin Rock – from the first contiguous collection of inscribed Ordinals – purchased on Sept. 20 for 3 BTC (roughly $85,000), according to the statement. Original
Coinbase noted that the recent action is part of its efforts to enhance overall market health and consolidate liquidity. One of the world’s largest crypto exchanges Coinbase Global Inc (NASDAQ: COIN) has been taking measures in order to boost liquidity on the platform. As a result of this, Coinbase has suspended a total of 80 non-USD trading pairs. This includes cryptocurrencies like Bitcoin, stablecoins, and fiat currencies like Euro. Coinbase recently announced the removal of several trading pairs on October 16, as part of its efforts to enhance overall market…
The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform. Coinbase has suspended 80 non-USD trading pairs, including those with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat currencies like the euro. Announcing the news on Oct. 16, Coinbase said that the trading pairs’ removals aim to improve “overall market health and consolidate liquidity.” The trading pairs were removed from the Coinbase exchange and other platforms like Advanced Trade and Coinbase Prime at 19:30 UTC on Oct. 16.…
Binance’s US arm is updating the way it lists crypto assets by giving traders advance notice when it is considering adding trading support for a new token. Binance.US says the new procedure aims to provide additional transparency to its listing process. The first asset the exchange is evaluating with the new process is the native token of the recently launched layer-1 blockchain Sui Network (SUI). Sui Network’s mainnet first went live in early May. The project is an Aptos (APT) rival and uses the same coding language, Move, which was…