Solana’s SOL also advanced earlier today, but then swiftly dipped more than 2% following the court decision. The imploded exchange holds $1.16 billion of the token, stoking fears about dumping, but part of the stash is locked as venture investment and not available for sales. Despite the decline, SOL was …
Read More »Russia-Ukraine War: Putin Showcases His Embrace of Kim, a Much-Needed Ally
A Ukrainian attack targeting the headquarters of Russia’s Black Sea Fleet in Crimea damaged two ships and triggered a large blaze at a sprawling naval shipyard that plays a critical role in the Russian war effort, according to Russian and Ukrainian officials. The pre-dawn attack on Wednesday appeared to be …
Read More »Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL
FTX submitted a filing requesting permission to engage in these activities in August, arguing that hedging its crypto assets would “allow the Debtors [FTX] to limit potential downside risk prior to the sale of such bitcoin or ether,” while “staking certain digital assets … will inure to the benefit of …
Read More »What Correlations Tell Us About the Value of Multi-Asset Crypto Portfolios
Effectively implemented relative value strategies call for both asset breadth and sufficient differentiation among those assets. Figure 2 takes returns for the top 25 crypto assets except BTC, controls for exposure to systematic risk (roughly approximated by bitcoin), and shows the correlations between each token pair’s residual returns (i.e., ETH …
Read More »U.S. CPI Inflation Jumped to 3.7% in August, More Than Expected
Surging oil prices – WTI crude oil rose to its highest levels of 2023 in August (the move continuing into September) – were a major factor in the rise of headline inflation last month. The U.S. Federal Reserve, though, will likely take comfort in the continuing decline in core inflation …
Read More »North Korean Attackers Linked to $54M CoinEx Hack, Blockchain Data Suggests
The hackers siphoned ether (ETH), XRP, tron’s TRX, MATIC, solana’s SOL, kadena’s KDA and dagger’s XDAG tokens after exploiting a lax security measure on wallets used by the exchange. CoinEx has since released over 10 “suspicious” addresses on several networks, such as Ethereum, BNB Chain, and Arbitrum, where the tokens …
Read More »Russia-Ukraine War: Kim and Putin Discuss Deepening Ties as Ukraine War Looms Over Summit
President Vladimir V. Putin of Russia welcomed the leader of North Korea, Kim Jong-un, to a space facility in far eastern Russia on Wednesday, for a summit that is being scrutinized for indications that Pyongyang will supply armaments the Kremlin needs for its war in Ukraine. During a lunchtime toast, …
Read More »Crypto Market Shows Signs of Stability Ahead of U.S. CPI
Bernd Sischka, Chief Commercial Officer at PowerTrade, a crypto options and derivatives exchange, said to CoinDesk in a note that this swift rally wasn’t necessarily driven by a genuine shift from bearish to bullish sentiments. Instead, it appeared to be spurred by aggressive short covering and a liquidity crunch, leading …
Read More »Messaging App Telegram Gives Endorsement to TON Project; Token Surges
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Read More »BitMEX’s Prediction Market is Now Live
BitMEX’s prediction market, which its calling its newest derivative product, is going for the former rather than the latter, launching with offerings of prediction contracts on the percentage recovery rate of FTX’s bankruptcy claims, the chance of an approval of a Bitcoin Exchange Traded Fund on or before October 17, …
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