Business

Nearly four months after the record crypto crash of October 10 wiped out leveraged positions in the market, the industry is still arguing over what actually broke. That argument turned into a public feud Saturday after OKX founder and CEO Star Xu claimed the crash was neither complicated nor accidental, but the result of irresponsible […]

Nearly four months after the record crypto crash of October 10 wiped out leveraged positions in the market, the industry is still arguing over what actually broke. That argument turned into a public feud Saturday after OKX founder and CEO Star Xu claimed the crash was neither complicated nor accidental, but the result of irresponsible

Binance blamed the Oct. 10 flash crash on a macroeconomic shock involving high leverage and evaporating liquidity, rather than a breakdown of its trading systems following speculative chatter on social media. In a report released on Saturday, the exchange said global markets were already under pressure following trade war headlines when crypto markets collapsed. Bitcoin

Tokenized silver futures saw the biggest selloffs in the crypto market over the past 24 hours, surpassing bitcoin and ether in a rare reversal of the usual risk hierarchy, as a pullback in precious metals spilled over into commodity-based crypto futures. According to CoinGlass data, 129,117 traders were liquidated over the past day, with total

Crypto prices remained under pressure on Friday as the US government entered a partial shutdown after lawmakers failed to meet a midnight funding deadline, adding another layer of uncertainty to a market already struggling to find deals. Bitcoin traded around $83,559, up about 1% on the day but down about 6.8% over the past week,