By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Hyblock Capital’s global bid and ask indicator plunged 20% during Saturday’s altcoin crash, indicating a sharp deterioration in the crypto market liquidity.Publish at: June 12, 2023 at 11:53AM
Crypto Global Bid and Ask Metric Plunged 20% Over Weekend, Points to Paper Thin Liquidity
SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Without a more solid legal framework, cryptocurrency activity will probably continue moving outside the U.S. and into decentralized entities, the report said.Publish at: June 12, 2023 at 11:01AM
Curve Finance Founder Deposits $24M CRV into Aave to Safeguard $65M Stablecoin Loan
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan.Publish at: June 12, 2023 at 10:52AM
A16z Chooses London as Destination for First Office Outside U.S.
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The venture capital firm plans to use the office, which will open later this year, to fund growth in the crypto and startup ecosystems in the U.K. and Europe.Publish at: June 12, 2023 at 10:07AM
Open Interest in Binance’s BNB Token Futures Jumps to 5-Month High
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The surge in open interest comes alongside a decline in price and signals an influx of bearish short positions in the market.Publish at: June 12, 2023 at 07:11AM
SOL, ADA, MATIC Prices Stabilize as Foundations Hit Back on SEC Lawsuit Allegations
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The tokens were up as much as 5% in the past 24 hours even as the broader market remained nominally changed.Publish at: June 12, 2023 at 06:47AM
First Mover Asia: Here’s Why Bitcoin’s Support is Holding at $25K
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data These are challenging times for the crypto market, but bitcoin is holding firm.Publish at: June 12, 2023 at 02:27AM
Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The capital infusion comes as interest in AI surges. Gensyn said it would use the money to accelerate the launch of the protocol and expand its workforce.Publish at: June 12, 2023
Binance’s Nigeria Unit Ordered to Halt ‘Illegal’ Operations by Securities Watchdog
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.Publish at: June 10, 2023 at 01:19PM
Millions in Polygon’s MATIC Tokens Were Sent to Binance and Coinbase Ahead of 30% Slide, Data Shows
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data “Altcoins can crash this weekend even more as trading volumes are thin and market makers such as Binance have become less active,” one crypto firm warned.Publish at: June 10, 2023 at 08:23AM