$303 million ETH Long Position The crypto trader has turned his $125,000 deposit into one of the biggest ether positions he has ever seen with high lipids. For over four months, they further exacerbated all gains to a long single ether (ETH), ultimately controlling exposures of over $303 million. At that peak, his shares reached…
Good morning, Asia. This is what makes news in the market: Welcome to Asian morning briefings, daily summary of top stories throughout the US time, and an overview of market movements and analysis. For a detailed overview of the US market, see Coindesk’s Crypto Daybook Americas. Crypto Traders was cautious ahead of Thursday’s US CPI…
Tether, the company behind Stablecoin USDT, met with officials at the Korean financial heavyweight Shinhan Bank on September 8th. South Korean media outlet Moneys reported that Tether officials were in the country to attend a domestic blockchain conference. However, executives are also reportedly planning meetings with various national fintech companies, including Neobank Toss. The headquarters…
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Stripe faces a pushback to issue Hyperliquid’s planned USDH Stablecoin to align crypto companies’ alliances, including MoonPay, Agora and Rain, to line up proposals competing alongside Paxos and Frax. In a discrepancy message on Friday, the Hyperliquid team announced they would like to create “Hyperliquid-first, Hyperquid-Aligned and compliant USD Stablecoin” along with the USDH ticker….
Xem is a native utility token for the NEM (New Economy Movement) blockchain platform. NEM is a blockchain platform that offers both public and private blockchain solutions. The purpose is to provide a versatile platform that can accommodate a wide range of industries and use cases. NEM uses a unique consensus mechanism called Proof of…
FTX EU owner, the Backpack EU – the former European division of the decommissioned exchange FTX – has begun operations after settling in the Cyprus Securities and Exchange Commission (CYSEC). The Backpack EU, registered as Trek Labs Europe by CYSEC, announced the launch of its permanent futures platform in Europe on Monday, the company told…
Remittix (RTX) could surpass Solana with an explosive 20x more momentum. Remittix (RTX) is a payment first challenger built for real use. It promotes cryptocurrency trading in over 30 countries and supports over 40 cryptocurrencies. The Crypto market has been booming with optimism recently, and Solana (Sol) continues to attract attention…
Ethereum revenue, the percentage of network fees incurred by ether (ETH) holders as a result of Token Burns, fell by about 44% in August, even among the highest ever ETH prices. According to Token Terminal, revenue in August exceeded $14.1 million, up from $25.6 million in July. The decline has risen 240% since April, with…
Welcome to Slate Sundays, we present new weekly features from Cryptoslate, with in-depth interviews, expert analysis, and thought-provoking enlightenment beyond headlines to explore the ideas and voices that will shape the future of code. Decentralized Physical Infrastructure Networks (DEPIN) has become one of the crypto industry’s beloved people among the fastest growing sectors in Web3….
