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"It could be a case of traders fading the hype of STX and shorting, largely due to the return of deeply negative after every price rally in the last week," Conor Ryder, research analyst at Paris-based Kaiko, told CryptoX. "I suspect traders are betting that there isn't a follow-up to
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But goerli ether is no trendy Ethereum fork or an Ethereum rival marked up by hypemen: These tokens are a testnet version of actual ether for developers to simulate transactions, smart contacts, and other activities prior to deploying on the Ethereum mainnet. This means that these tokens are supposed to
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"For those platforms operated outside of Hong Kong, we see little incentive to incorporate in Hong Kong, establish an office here, go through the strict licensing requirements, as the local market is small," Leo Weese, co-founder of the Bitcoin Association of Hong Kong, wrote in a 2021 post. "Local institutional
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The price of Ether (ETH) declined 10.2% between Jan. 8 and Jan. 10, and has since been range trading near the $1,500 level. More importantly, on a broader time frame, Ether is down 52.5% in twelve months, which partially explains why derivatives metrics were somewhat neutral after Ether’s failed attempt
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“The crvUSD could be a very interesting development, as we haven’t yet seen a stablecoin that is issued by a major DEX,” (decentralized exchange) Daniel Zlotin, senior DeFi developer at Orbs, wrote in a Telegram message to CryptoX explaining crvUSD’s utility. Source
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Long trades, or bets on higher prices, took 90% of the $220 million in liquidations on crypto futures trading over the past 24 hours as bitcoin (BTC) and ether (ETH) fell nearly 5%. Bitcoin and ether futures cumulatively saw $100 million in liquidations, while futures tracking dogecoin (DOGE), solana (SOL),
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Whether their bravado should extend to crypto is up for debate. Walter Teng, vice president of Digital Asset Strategy at Fundstrat Global Advisors, said in a Twitter message with CryptoX, “Seems like [FOMO], boredom, degeneracy, wanting to make it back.” Source
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Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CryptoX that institutional investors’ preference for BTC represented “the safest choice in a bear market.” He noted that Ethereum’s upcoming protocol updates might be raising concerns about an increased “risk of things going wrong,” and added that the Shanghai hard
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JPMorgan’s assessment revealed that AI was preferred more than four times over blockchain and distributed ledger technology. Artificial intelligence (AI) technology may gradually be taking over the interests of institutional traders. According to a recent survey carried out by financial services behemoth JPMorgan, AI technology could shape the entire trading space
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A new survey by JPMorgan Chase shows that 72% of institutional traders “have no plans to trade crypto” while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect “recession risk” to have the biggest impact on markets in 2023. JPMorgan’s Institutional Trader Survey Global investment bank JPMorgan Chase published
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