October tested crypto markets as BTC and ETH held firm while most altcoins dropped over 80% amid volatility. Whales raised BTC and ETH allocations to 50.1%, added $2.8 billion in stablecoins, and shifted about 300,000 BTC as support moved to $108,000. Summary October was a wild month for crypto as [...]
Wintermute founder Evgeny Gaevoy refutes claims that the market maker has plans to sue Binance after the losses incurred during the Oct. 11 market crash. Summary Wintermute CEO Evgeny Gaevoy denied rumors that his firm plans to sue Binance over the Oct. 11 crypto market crash, stressing that the company [...]
Prediction markets have a new product offering targeting entertainment fans, thanks to a key partnership between Crypto.com and Hollywood.com. Summary Crypto.com and Hollywood entertainment platform have partnered to launch new prediction market products. The entertainment-focused prediction market will offer contracts Crypto.com Derivatives North America. Prediction markets is a rapidly expanding [...]
Sygnum Bank’s fourth quarter outlook sees crypto markets under macro pressure, but Ethereum may be positioning for a major rally. Summary The crypto bull market is on thin ice, says the latest Sygnum report Macro pressure crushed the altcoin rally that traders expected While most are looking at Bitcoin, Ethereum [...]
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto plummeted in October, with the chaos leading to cascading liquidations that wiped out more than $19 billion worth of leveraged positions and, more importantly, over 1.6 [...]
The Ethereum Foundation has introduced a new grant structure for the Ecosystem Support Program to further innovation and adoption on the Ethereum blockchain. Summary Ethereum Foundation announces new grants program approach. Move follows the organization’s brief pause to all open applications in late August. The Ethereum community is looking forward [...]
Veteran trader James Wynn has warned of an intense wave of fear across global markets, predicting that both stocks and cryptocurrencies could face severe losses this week. Summary James Wynn expects a volatile week, warning BTC could fall below $100K. $478M in crypto liquidations hit in 24 hours, mostly from [...]
Samourai Wallet founders could be looking at a five-year prison term as U.S. prosecutors have pushed for maximum sentencing for their alleged roles in operating a crypto mixing service used to launder hundreds of millions in illicit funds. Summary Samourai Wallet founders can face a five-year prison term for their [...]
Bitcoin price plunged from $110,000 to under $105K since Monday, triggering one of the biggest liquidation cascades in the crypto market in recent weeks as over $1 billion in leveraged crypto positions were wiped out. Summary Crypto market faced over $1 billion in liquidations in the past 24 hours. Long [...]
AWS will power OpenAI’s next-generation models in a $38 billion deal as the AI firm moves beyond Microsoft. Summary OpenAI signed a $38 billion deal with Amazon to get access to its computing AWS will use its UltraServers, powered by Nvidia GPUs, for OpenAI’s models Skeptics warn that similar deals [...]
