Data from Coinglass showed a further $314.97 million crypto shorts were liquidated since the Euro trading session opened. This move brings the total liquidations over the last 24 hours to $1.12 billion. Source: Coinglass.com Shorts get rekt Over the last 24 hours, $66.4 billion of capital has flooded into the crypto market (+7%,) taking the…
The amount of staked Ethereum has increased to just over $19 billion at about 14 million ETH since the start of the year, according to a report by the trading platform Bestbrokers. While the price of Ethereum has declined around 64% during the same time, other assets such as Gold and equities are also down…
Leading electric car company Tesla said it limited its Bitcoin losses to about $106 million, despite the high volatility that rocked the crypto market, as per theStreet. Back in February 2021, Tesla CEO Elon Musk announced that the company had purchased over 43,200 BTC for $1.5 billion. By the end of June 2022, the company…
Levan Kvirkvelia from on-chain analytics platform Cluster reached out to CryptoSlate to share his findings from analyzing over one hundred “web3 services.” Cluster, which is still in beta, analyzes data from critical blockchain services, including user retention, bot activity, and active user numbers. The platform currently supports Polygon and BNB Chain. The data from Cluster…
Bitcoin (BTC) adoption has increased, and the largest cryptocurrency has become less risky as its correlation rate with gold reached 85% in the past year, which signals that a BTC price bottom could be near. The correlation of assets measures how one asset moves compared to the other, and it is scored between 1 and…
A joint report by X-explore and WuBlockchain has revealed that the recent API bot attack on FTX and 3Commas had further reaching implications than first believed. The attack on FTX, which happened Oct. 21, utilized 3Commas technology and a phishing scam to take control of several users’ API keys. API Key Phishing scam exploits Once…
Freeway, a crypto-staking platform that touted up to 43% annual rewards, halted withdrawals and deposits on its platform on Oct. 23, citing market volatility. According to the notice posted on its website, the firm has “decided to diversify its asset base” to avoid future market volatility and increase the sustainability of the platform. Notice announcing…
The cryptocurrency industry has historically been more volatile than either equities or forex markets. However, since COVID, there has been increased volatility across most investible assets. Interestingly, the pound fell at one of its sharpest rates in history following the recent mini-budget, while Bitcoin has remained relatively stable around the $19,000 market. Equities correlation increases…
Federal Reserve officials are working on introducing another 75 basis point rate hike at the upcoming meeting from Nov. 1-2, according to a report by The Wall Street Journal. In the last three meetings, mostly held in September, the Fed has hiked the benchmark for federal-funds rate by 75 basis points on each occasion. Currently,…
The digital asset subsidiary of Fidelity Investments has released a research document titled “The Rising Dollar and Bitcoin,” which takes a bullish view of Bitcoin in rising dollar markets. The research piece assessed the future potential of Bitcoin vis a vis its relationship with traditional currencies. Notably, the report sees the largest cryptocurrency by market…