Several U.S. states including Texas and Alabama are investigating Celsius Network’s decision to halt customer withdrawals. On June 12, the crypto lending platform published a blog post announcing that it would pause withdrawals, as well as its swap and transfer products, citing “extreme market conditions.” Rumors of the company’s insolvency spread quickly across social media, sparking panic and sell-offs in the markets. Joe Rotunda, the director of enforcement at the Texas State Securities Bo...

Several U.S. states including Texas and Alabama are investigating Celsius Network’s decision to halt customer withdrawals. On June 12, the crypto lending platform published a blog post announcing that it would pause withdrawals, as well as its swap and transfer products, citing “extreme market conditions.” Rumors of the company’s insolvency spread quickly across social media, sparking panic and sell-offs in the markets. Joe Rotunda, the director of enforcement at the Texas State Securities Bo...

Ethereum staking firm Lido Finance, whose derivative products are a component in the crisis currently engulfing firms like Celsius and Three Arrows Capital, saw the writing on the wall and tried to “nudge” some big players to unwind their leveraged positions, but many didn’t. The leverage concerns became most apparent after Lido became integrated with decentralized finance (DeFi) giant Aave in March of this year, explained Jacob Blish, head of business development and partnerships at Lido Fin...

Ethereum staking firm Lido Finance, whose derivative products are a component in the crisis currently engulfing firms like Celsius and Three Arrows Capital, saw the writing on the wall and tried to “nudge” some big players to unwind their leveraged positions, but many didn’t. The leverage concerns became most apparent after Lido became integrated with decentralized finance (DeFi) giant Aave in March of this year, explained Jacob Blish, head of business development and partnerships at Lido Fin...

Whether you’re just beginning to invest in digital assets, or you’ve spent the last decade building up a bitcoin (BTC) stash, the need to assess the security of your holdings is ever present. The surest way to protect your digital assets is to personally store your private keys on something that can’t easily be hacked because it doesn’t connect to the internet: a hardware wallet. In practice, there’s more to a hardware wallet than physical separation from the web. A private key can’t just be ...

Whether you’re just beginning to invest in digital assets, or you’ve spent the last decade building up a bitcoin (BTC) stash, the need to assess the security of your holdings is ever present. The surest way to protect your digital assets is to personally store your private keys on something that can’t easily be hacked because it doesn’t connect to the internet: a hardware wallet. In practice, there’s more to a hardware wallet than physical separation from the web. A private key can’t just be ...

Huobi Global, a world-leading cryptocurrency exchange, has just launched a campaign to recruit Experience Ambassadors from its user base to further enhance its user experience. Under the rules of the event, participants who submit constructive feedback such as suggestions to improve the user experience of the exchange may receive attractive rewards including tokens and NFTs. The long-term event, which was launched on Thursday (June 16), aims to appoint three honorary Experience Ambassadors to...

Huobi Global, a world-leading cryptocurrency exchange, has just launched a campaign to recruit Experience Ambassadors from its user base to further enhance its user experience. Under the rules of the event, participants who submit constructive feedback such as suggestions to improve the user experience of the exchange may receive attractive rewards including tokens and NFTs. The long-term event, which was launched on Thursday (June 16), aims to appoint three honorary Experience Ambassadors to...

The price gap between the locked-up ether on Lido and spot ether jumped to record highs as large holders sell their tokens, drawing concern of a potential ripple effect on crypto lending markets. A token known as "staked ether" has suddenly become a key focus for crypto traders trying to monitor extreme stress in digital-asset markets, as important players from the beleaguered lender Celsius to the hedge fund Three Arrows Capital and the industry heavyweight Sam Bankman-Fried's Alameda R...

The price gap between the locked-up ether on Lido and spot ether jumped to record highs as large holders sell their tokens, drawing concern of a potential ripple effect on crypto lending markets. A token known as "staked ether" has suddenly become a key focus for crypto traders trying to monitor extreme stress in digital-asset markets, as important players from the beleaguered lender Celsius to the hedge fund Three Arrows Capital and the industry heavyweight Sam Bankman-Fried's Alameda R...

Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst likens risk asset 'pump' to 1929Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $27,150 on its sixth straight day of downside. With hours to go until the weekly close, the pair was in danger of resuming the losing streak, which had previously seen a record nine weeks of red candle...

Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst likens risk asset 'pump' to 1929Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $27,150 on its sixth straight day of downside. With hours to go until the weekly close, the pair was in danger of resuming the losing streak, which had previously seen a record nine weeks of red candle...

Users of Solana-based borrowing and lending service Solend voted Sunday to force a takeover of the protocol's largest account: a "whale" whose "extremely large margin position" was getting, according to Solend contributors, dangerously close to a catastrophic on-chain liquidation cliff. The unprecedented governance vote, Solend's first, will grant Solend Labs "emergency powers" to liquidate the whale's vulnerable assets (around $20 million in SOL) via over-the-counter (OTC) tra...

Users of Solana-based borrowing and lending service Solend voted Sunday to force a takeover of the protocol's largest account: a "whale" whose "extremely large margin position" was getting, according to Solend contributors, dangerously close to a catastrophic on-chain liquidation cliff. The unprecedented governance vote, Solend's first, will grant Solend Labs "emergency powers" to liquidate the whale's vulnerable assets (around $20 million in SOL) via over-the-counter (OTC) tra...

Crypto broker Voyager Digital (VOYG) signed a non-binding term sheet with quant trading shop Alameda Research to secure a revolving line of credit to safeguard its customers’ assets from current bear market conditions. The loan will be in two parts. The first is a cash/USDC-based credit facility with an aggregate principal amount of $200 million. The second revolving credit facility is for 15,000 BTC. Voyager will only use the credit facilities if needed to safeguard customer assets, the brok...

Crypto broker Voyager Digital (VOYG) signed a non-binding term sheet with quant trading shop Alameda Research to secure a revolving line of credit to safeguard its customers’ assets from current bear market conditions. The loan will be in two parts. The first is a cash/USDC-based credit facility with an aggregate principal amount of $200 million. The second revolving credit facility is for 15,000 BTC. Voyager will only use the credit facilities if needed to safeguard customer assets, the brok...

The U.S. Federal Reserve on Wednesday raised interest rates by 75 basis points, or three-quarters of a percentage point. It is the biggest rate hike in 28 years, part of an ongoing effort to bring down soaring inflation that has roiled the economy and markets from stocks and bonds to cryptocurrencies. The U.S. central bank also announced it would continue reducing the size of its balance sheet at the rate announced in May, according to a statement by the Federal Open Market Committee (FOMC), ...

The U.S. Federal Reserve on Wednesday raised interest rates by 75 basis points, or three-quarters of a percentage point. It is the biggest rate hike in 28 years, part of an ongoing effort to bring down soaring inflation that has roiled the economy and markets from stocks and bonds to cryptocurrencies. The U.S. central bank also announced it would continue reducing the size of its balance sheet at the rate announced in May, according to a statement by the Federal Open Market Committee (FOMC), ...

Binance founder and CEO Changpeng "CZ" Zhao said the Securities and Exchange Commission (SEC) has been “asking questions” about the BNB exchange token but the exchange hasn’t yet been subpoenaed.Earlier this month, Bloomberg reported that the SEC is investigating if the BNB token constitutes an unregistered security.CZ told the audience at CoinDesk's Consensus 2022 that the SEC regularly asks questions about Binance and its products, and the exchange is in regular contact with authoritie...

Binance founder and CEO Changpeng "CZ" Zhao said the Securities and Exchange Commission (SEC) has been “asking questions” about the BNB exchange token but the exchange hasn’t yet been subpoenaed.Earlier this month, Bloomberg reported that the SEC is investigating if the BNB token constitutes an unregistered security.CZ told the audience at CoinDesk's Consensus 2022 that the SEC regularly asks questions about Binance and its products, and the exchange is in regular contact with authoritie...

Crypto lending platform BlockFi announced that it has secured a $250 million revolving credit facility from FTX, BlockFi CEO Zac Prince said in a tweet on Tuesday, and the company subsequently announced in a press release. Prince said the move “bolsters our balance sheet and platform strength.” He added that "the proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will be used as needed."...

Crypto lending platform BlockFi announced that it has secured a $250 million revolving credit facility from FTX, BlockFi CEO Zac Prince said in a tweet on Tuesday, and the company subsequently announced in a press release. Prince said the move “bolsters our balance sheet and platform strength.” He added that "the proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will be used as needed."...

Envisioning decentralized finance (DeFi) as a crucial service to assist traders through bear markets, IPI Labs built Shorter Finance into a 100% on-chain infrastructure encompassing venues for single-sided token farming, customizable derivatives trading and foolproof liquidation with foresight. It notably brings margin trading and physical delivery to the DeFi landscape with an open-source ethos, allowing users to short tokens, without interference from centralized services. Having successful...

Envisioning decentralized finance (DeFi) as a crucial service to assist traders through bear markets, IPI Labs built Shorter Finance into a 100% on-chain infrastructure encompassing venues for single-sided token farming, customizable derivatives trading and foolproof liquidation with foresight. It notably brings margin trading and physical delivery to the DeFi landscape with an open-source ethos, allowing users to short tokens, without interference from centralized services. Having successful...