Thursday, November 30, 2023
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Crypto Traders Flock to OTC Markets as Exchange Liquidity Dries Up Amid Regulatory Clampdown

Last month, Jane Street and Jump, two prominent market makers, announced that they were at very least reducing their trading activity. This compounded the liquidity woes that had been felt since FTX's collapse, with market depth on exchanges sliding by more than 50% between November and May, according to Kaiko. Source

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SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review – The Weekly Bitcoin News

There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler’s organization.

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Pressure pushes Bitcoin below US$7,000 as clampdown by China’s central bank spooks cryptocurrency traders

A rally triggered by a wrongly translated message on President Xi Jinping’s support for blockchain has been wiped out, as the People’s Bank of China continues to come down hard on cryptocurrenciesBitcoin recovers some lost ground, but some see it sinking further. Bitcoin’s recovery is expected to be short-lived

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