Bitcoin BTC$67,840.06 ETF holders and corporate treasuries – the players everyone praises for their long-term vision – are stacking insurance against a price drop below $60,000, cryptocurrency exchange Deribit told CoinDesk. “ETF holders and corporate treasuries buy 6-month and 1-year puts at $60,000 or less ($60,000 put, a derivative contract offering protection against a possible […]
Can you perform insider trading as part of an investigation into your own insider trading? Polymarket has just transformed this philosophical question into a practical question. Blockchain detective ZachXBT released his findings Thursday morning naming Axiom, a cryptocurrency trading platform, as the company whose employees he said used non-public information to make profitable trades. The
Bitcoin and the broader crypto market entered a downturn on Friday, with most major tokens posting losses over the past 24 hours as traders continued to de-risk alongside stocks following Nvidia’s profit-driven pullback. Bitcoin was trading around $67,766 at the time of writing, down 1.5% on the day but still clinging to a 0.6% gain
Bitcoin slides Friday after Nvidia profits decline Read More »
Fintech company Block is returning to its pre-pandemic size, reducing its workforce to around 6,000 people, down from a Covid-era peak of more than 10,000, down from just 3,800 in 2019. CEO Jack Dorsey says AI allows small teams to move faster. While this is certainly true, the deeper reset may reflect a harsher reality:
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1999.16, down 1.4% (-28.56) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: ETH (-0.2%) and BNB (-0.8%). Lagging behind: APT (-11.0%)
index falls 1.4% as all components trade lower Read More »
DoubleZero, a crypto infrastructure startup co-founded by Austin Federa, former director of the Solana Foundation, is rolling out a major update aimed at spreading Solana’s network more evenly around the world and making it faster in the process. On March 9, the company will launch “Phase II” of its DoubleZero delegation program, redirecting 2.4 million
Network News AXIOM EMPLOYEE ACCUSED OF INSIDE TRAINING BY ZACHXBT: Blockchain Detective ZachXBT said a senior employee at on-chain trading platform Axiom Exchange allegedly abused internal access to user data to track private wallets and potentially trade memecoins using inside information. In a thread posted on Axiom, founded in 2024 by Mist and Cal and
Blockchain detective ZachXBT alleges Axiom employee committed insider trading Read More »
Crypto markets are on the decline Thursday morning in the United States, quickly reversing yesterday’s strong gains. Just under $67,000, Bitcoin BTC$67,299.21 fell more than 4% after hitting $70,000 Wednesday evening. Ether (ETH) and solana (SOL) are showing similar declines. This sell-off comes alongside a 2% drop in the Nasdaq following Nvidia’s (NVDA) earnings last
BTC advance appears to be a one-day event Read More »
While the broader crypto market was higher on Wednesday, Bitcoin BTC$66,987.42 briefly plunged 30% to below $48,000 on decentralized perpetual exchange Lighter in a violent move that lasted seconds. The flash crash contrasted sharply with price action elsewhere. During the same session, bitcoin rose from below $64,000 to above $69,000, marking one of its strongest
A Florida man accused of running what is arguably the largest crypto-related Ponzi scheme, involving $328 million, has been arrested, federal prosecutors announced Wednesday. Christopher Alexander Delgado, 34, of Apopka, Florida, was arrested following a criminal complaint charging him with wire fraud and money laundering, according to the U.S. Attorney’s Office for the Middle District
Florida man arrested in alleged $328 million crypto-ponzi scheme Read More »
