Here are the interesting tidbits from Coinbase’s IPO filing

The US-based crypto exchange made public its long-awaited S-1 filings. Here’s everything you need to know. Inside the Coinbase filing The Initial Public Offering (IPO) filing of Coinbase, the remote-first crypto exchange that caters to millions of users daily, to the US Securities and Exchange Commission (SEC) was made public today. The exchange has long-wished…

Whales might’ve caused Ethereum’s (ETH) 50% dive on Kraken, says CEO

On Monday, the price of Ethereum (ETH) briefly dropped by over 50%—from around $1,600 to $700—on crypto exchange Kraken, prompting numerous debates on whether this was some kind of technical malfunction. However, the dip wasn’t an error and could have been caused by a whale trader, the platform’s CEO Jesse Powell told Bloomberg today. “We’re…

DeFi sees second-largest liquidation in history as crypto market dips

Yesterday’s decline of the crypto market has triggered the second-largest wave of liquidations in decentralized finance’s (DeFi) history as a total of $24.1 million worth of positions got wiped, according to metrics platform DeBank. The largest amount of collateral was liquidated on DeFi platform Compound ($13.7 million), followed by Aave with $5.4 million. Previously, the…

Ethereum futures daily trading volume on CME doubles since last week

The daily trading volume of Ethereum (ETH) futures on the Chicago Mercantile Exchange (CME) has exceeded $75 million, crypto metrics platform Glassnode reported today. Institutional demand: One week after #Ethereum futures launched on CME, daily trading volume reached a total of $75.8M yesterday – almost doubling Friday’s volume of $40M. Meanwhile, open interest has increased…

$1.7 billion in crypto liquidations occurred after Bitcoin dipped below $46,000

The market cleaned out overleveraged traders in a sudden move downwards yesterday before recovering in the afternoon hours on Monday. Altcoin traders lost over $1.7 billion in the past day as crypto markets took a hit on the back of high funding rates and overleveraged trading. Bitcoin dipped below $46,000 momentarily, while some altcoins fell…

Bitcoin flirts with $50,000 at the end of a lovely week

On Valentine’s Day, the crypto market was infatuated with Bitcoin (BTC) as the coin broke yet another all-time high, reaching roughly $49,530, according to metrics platform CoinGecko. Bitcoin price chart. Image: CoinGecko Meanwhile, the week leading to February 14 was also quite eventful all by itself, with a slew of Bitcoin-related announcements and news exploding…

This crypto hedge fund has grown its AUM by 400% over the past 4 months

CryptoSlate obtained an update on Strix Leviathan, a Seattle-based crypto hedge fund, The team has been in business since 2018 and exclusively trades the crypto markets using proprietary trading tools and algorithms. Strix Leviathan’s Fund, which operates a systematic investment approach by taking long and short directional positions in the cryptocurrency markets. The Fund’s system…

Synthetix (SNX) ‘Bellatrix’ update makes “shorting” easy for DeFi users

Yesterday saw the launch of an easy “shorting” provision for users of the DeFi app, shooting the prices of its token by 11%. You can now short on Synthetix Decentralized finance app Synthetix (SNX) saw the deployment of the “Bellatrix” update yesterday, as per a release. The update opens up newer on-chain capabilities for users….