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The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
- 10:10Wintermute is a market maker for PENGU tokensAccording to on-chain analyst Aunt Ai, market maker Wintermute has recently become the market maker for PENGU tokens. Currently, two addresses of Wintermute hold a total of 18.7 million PENGU, worth about $602,000 USD, and have been frequently trading PENGU in the past two days.
- 09:28CryptoQuant CEO: Domestic assets such as the Korean Won have no appeal, considering whether to leave South KoreaOn December 19, CryptoQuant CEO Ki Young Ju posted on social media saying: "Domestic assets such as the Korean won have no appeal at all. The government has not realized this and is just blindly maintaining prices, which leads to a surge in exchange rates. The USDT traded on Upbit has already reached an IMF crisis-level exchange rate. I personally believe that there is currently a massive outflow of national wealth. Many wealthy people I know are leaving South Korea. Isn't the outflow of national wealth a reflection of the country's cognitive ability?" He further pointed out: "The government should not forcibly retain capital fleeing overseas, but should think about how to make capital voluntarily return. We need to cultivate industries, provide incentives for investors, and open up business opportunities. I hope we can stop these pointless regulations. Since I don't understand domestic politics very well, I don't know who can make such changes. As a Korean company, I've persisted for 7 years, but now I'm also considering whether or not to leave South Korea. It's really too frustrating."
- 09:26A certain whale continues to expand its AAVE long position, spending 3.18 million US dollars to purchase 9702 AAVEAccording to Spot On Chain monitoring, a whale who profited 15.3 million USD continues to expand its AAVE long position after today's price drop. In the past 8 hours, this whale borrowed 3 million GHO and spent 3.18 million USD (paid in GHO and WBTC) to purchase 9,702 AAVE.Since October 13th, this whale has purchased 96,800 AAVE at an average price of $183.4 (17.8 million USD), currently holding unrealized profits of $15.31 million (+86.2%).
