Bitcoin hit a 12-week high of $79,399 overnight before sellers stepped in during the Asian morning on Monday, stifling a rally that saw the asset hit $80,000 for the first time since January. Bitcoin traded at $77,705 on Monday morning, down 0.4% over 24 hours after climbing to $79,399 around 09:00 IST and reversing sharply […]
BTC pulls back from 12-week high as Iran rally hits sellers wall at $79,400 Read More »
The crypto market structure bill hasn’t made much public noise in a month. Even if it is difficult to make a prediction about the bill, it is not difficult to see that the time necessary for its adoption is running out. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency
Lack of time on Clarity: State of Crypto Read More »
Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debts left by the biggest decentralized finance (DeFi) exploit of the year, Arkham on X posted on Saturday. “AAVE has so far raised $160 million to cover bad debts related to the Kelp DAO exploit, on defiunited.eth,” the
The simplest solution after a $290 million exploit and a ~$13 billion drop in total DeFi value locked is that decentralized finance is shut down again. He’s also probably the laziest. The weekend’s KelpDAO exploit was serious. This appears to have started as a targeted attack on the infrastructure used in LayerZero’s verification stack, not
Why DeFi is not dead after the KelpDAO exploit Read More »
Green Beret Arrested for Betting on Classified US Raid Looked Like a One-Time Scandal for Predictive Markets. A new study suggests that this may be a more troubling data point: an extreme example of a small group of informed traders who, as the soldier is accused of doing, move prices on Polymarket, while the crowd
The biggest traders on Hyperliquide have built a long bitcoin BTC$78,037.15 position for two months, and the price chart is starting to find its way. Data from Glassnode shows that whale positioning on Hyperliquid, the on-chain perpetual futures exchange, went from net short to net long in early March and has remained long since, with
What’s Next as Bitcoin (BTC) Whales Remain Long Despite Piling Up Bearish Bets Read More »
Freeze dormant bitcoin BTC$78,114.42 would trigger an immediate price review and mark one of the cryptocurrency’s worst trading days globally since its launch in 2009, advocates told CoinDesk. Bitcoin developers and crypto industry players have been debating for weeks whether they should freeze dormant tokens to protect them from the risk of theft via quantum
Obtaining a Markets in Crypto Assets (MiCA) license to operate in Europe is a good thing, but, on its own, it will not be enough to generate profits, according to Ben Zhou, CEO of Bybit, one of the largest cryptocurrency trading platforms. MiCA does not cover the full range of products, such as derivatives and
Bybit CEO says businesses need MiFID and EMI licenses to make profits in Europe Read More »
Coinbase (COIN) has quietly crossed a threshold that Wall Street would immediately recognize: it has become, by its own definition, the only full-service prime brokerage in crypto. John D’Agostino, chief strategy officer at Coinbase Institutional, said the definition of a prime broker still follows a checklist familiar to Wall Street: trading, custody, funding, derivatives and
A chain reorganization of 13 blocks on LTC$56.31 On Friday evening and Saturday, approximately 32 minutes of network activity was restored after attackers used a vulnerability in its Mimblewimble Extension Block (MWEB) protocol. The bug had enabled a denial of service attack against major mining pools, allowing invalid MWEB transactions to pass through nodes that
