Bankrupt Cryptopia exchange distributes $225M to hack victims
Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December. Go to Source
Liquidation
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Japan crypto exchange DMM Bitcoin is set to liquidate: Report
DMM Bitcoin, which suffered a private key hack in May that caused a loss of $320 million in Bitcoin is reportedly ceasing efforts to revamp operations. Go to Source
Ether futures open interest hits all-time high — Is the ETH bull run starting?
Ethereum futures hit new records, possibly signalling a fresh bull run in ETH. Go to Source
Moonwell Faces Major Liquidations Amid Volatile Yield Strategies
Last week, Moonwell, a prominent decentralized finance (DeFi) platform, saw significant liquidations that drew attention to the risks associated with certain yield farming strategies. One such strategy involves borrowing $AERO and locking it up to earn returns, a potentially profitable approach for many users. Moonwell experienced significant liquidations last week, highlighting the risks of certain … Read more
Bitcoin open interest soars to one-year high as BTC price rallies toward $68K
Demand for leverage in BTC futures jumped to $38 billion, but traders appear well-positioned enough to avoid surprise price swings. Go to Source
Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after … Read more
Crypto Market Chaos: $93M Liquidated in 4 Hours as Bitcoin Crashes Below $54K
Bitcoin’s price took a dip below the $54,000 mark on Friday, as the cryptocurrency continued its downward trend over the past week. The value slipped by 3.5% compared to the previous day, reaching a low of $53,810, a level not seen since early August. Bitcoin Reaches a 30-Day Low Over the past 24 hours, bitcoin … Read more
The Weight of Bitcoin’s Latest Freefall Pushes Crypto Market Below $2 Trillion
According to the latest stats, bitcoin (BTC) has taken a 2.5% dip against the U.S. dollar in the last 24 hours and is down 5.8% over the past week. The top cryptocurrency hit an intraday low of $55,602 per coin, and by Wednesday morning just before 11 a.m. EDT, it was just skimming above $57,400 … Read more
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving … Read more
Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M
After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the … Read more
