Ad Huobi has set up a $100 million liquidity fund following a 90% flash crash of the exchange’s Huobi Token (HT) on March 9. The exchange’s global adviser Justin Sun confirmed this development, adding that the funds have been sent to the exchange. HT is yet to recover from its flash crash fully. According to…
Ad Bitcoin (BTC) tumbled below $20,000 for the first time since the beginning of the year and liquidated $123.25 million long positions held on the assets in the last 24 hours, according to Coinglass data. Across the broader crypto market, the total liquidations were $323.86 million over the last 24 hours, according to Coinglass data….
Ad Huobi, the 17th largest crypto exchange, has seen its native token collapse by 90% in a flash crash during Thursday trading. (Source: Twitter @tier10k) At 3:45 pm, HT was trading at $4.70. By 4:10 pm, it was down to $1.83. By 6:00 pm, it was back up $3.90, 30% lower than it had started…
Ad Hedera’s (HBAR) core team announced that the network was experiencing “smart contract irregularities” about an hour before the time of writing. The team stated: “The @hedera core team is actively investigating the smart contract irregularity that has been discovered. They are working directly with teams across the DeFi ecosystem to determine the cause and…
Ad MakerDAO, the governance token behind the fifth most popular stablecoin DAI, is contemplating an increase in its United States Treasury bond investments to $1.25 billion from its previous allocation of $500 million. According to a proposal released March 6, the move would allow MakerDAO to capitalize on the current yield environment. Under the new…
Ad MakerDAO, the governance token behind the fourth largest stablecoin by market capitalization DAI, has decreased in trading volume by 37% and seen a 3.7% dip in token price over the last 24 hours. (Source: Coin Market Cap) The move follows significant changes proposed to Maker’s governance structure. Following the Tornado Cash sanctions last year,…
Ad Ethereum (ETH) co-founder Vitalik Buterin dumped several unsolicited altcoins (sh*tcoins) during the early hours of March 7, leading to the value of these assets falling. On-chain analyst Lookonchain reported that Buterin sold 50 billion MOPS, 500 trillion SHIK, and 10 billion CULT tokens for 439.25 ETH. Blockchain security firm PeckShield corroborated this report and…
Ad Voyager’s native token VGX rose 11.51% in the last 24 hours to as high as $0.42299, according to CryptoSlate’s data. The token’s value had retraced to $0.3955 at the time of writing. Voyager counters SEC’s securities claim against VGX The bankrupt lender countered the US Securities and Exchange Commission’s (SEC) claim that VGX was…
Ad The crypto market saw a sharp decline at 12 am UTC on March 3. The price of Bitcoin (BTC) fell by over 5% from around $23418 to $22163, according to CryptoSlate data. Most of the drop occurred within an hour as the BTC price fell by over $1,000 in seconds. The price of the…
Ad The profit and loss of staked Ethereum (ETH) indicates that there will be less selling pressure when the staked ETH tokens are unlocked in the Shanghai upgrade, crypto analytics platform CryptoQuant said. There have been concerns that the staked ETH unlock will result in these tokens flooding the market and creating high selling pressure….