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The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to just 1.2 BTC ($30,000) from 100 BTC as volatility exploded after a false report of BlackRock's (BLK) spot exchange-traded fund (ETF) approval circulated on social media. The leading cryptocurrency popped 7.5% to $30,000 in a knee-jerk reaction
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“After the exuberance of the last few years, we’ve seen a large flight to quality, both in terms of providers and assets,” said Dan O’Prey, Chief Product Officer of Bakkt in a note to CryptoX. “Bitcoin, being the most decentralized and secure asset, has also benefited from flows from the
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The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board, while European markets had a mixed day. While South Korea’s bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.South Korea
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In a world increasingly anxious about privacy and exploitation of one’s personal data by governments, corporations, social media platforms and banks, zero-knowledge proofs may offer some relief. Indeed, this emerging cryptographic protocol could partially remedy two rapidly growing global
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"Over +50k BTC per month are currently being Vaulted by HODLers, suggesting both a tightening supply and a widespread reluctance to transact," Glassnode said in the latest weekly report, adding that the market is experiencing a sustained regime of coin dormancy. Source
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Concerns around the actual relationship between Sam Bankman-Fried’s two companies, trading firm Alameda Research and crypto exchange FTX, led the founder to consider shutting Alameda in 2022, a series of unpublished posts revealed in the ongoing court trial show. Source
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On-chain data shows the trading volumes of XRP and Polygon have hit monthly highs as investors are displaying FOMO towards the assets. XRP,
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FTX founder Sam Bankman-Fried has a right to shape the narrative around him, his lawyers argued during a court hearing last month. Unposted tweets obtained by CryptoX suggest he may have been trying to craft a new image for himself since as soon as last December by discussing his mental
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Murakami to wind back from NFTsAcclaimed Japanese contemporary artist Takashi Murakami says he may not release anymore nonfungible tokens moving forward, after first jumping into the market in late 2021. Murakami is a world-renowned artist that has a career spanning back to the late 1980s. He has released two NFTs
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Prime Trust filed for bankruptcy in August, roughly two months after Nevada regulators alleged the company was unable to meet its customers' withdrawal requests. The company also used customer funds to invest in failed stablecoin project Terra, in addition to engaging in other dubious business practices, a court filing shows. Source
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