Search Results for: Liquid

The bankrupt crypto lender Celsius Network withdrew 428,000 staked Ethereum (stETH) valued at $780 million, possibly to liquidate assets for reimbursing customers or creditors. This move coincides with Lido Finance’s introduction of a new withdrawal feature for ETH 2.0 staking.

Tarmex exchange has listed two prominent tokens, Bone ShibaSwap (BONE) and Baby Doge Coin (BABYDOGE), with trading pairs BONE/USDT and BABYDOGE/USDT. This move enhances accessibility and potentially increases liquidity and price activity in the crypto market.

Liquid staking tokens like Lido Finance and Rocket Pool defy the bearish crypto market, posting weekly gains of 22.9% and 12.8% as Ethereum staking regains traction. However, users must consider potential risks such as regulatory scrutiny, technological vulnerabilities, and untested projects.

Pepe Coin, a new meme coin, witnessed a recovery rally after an Elon Musk tweet, though experienced a 38% decline over the past week. With $85 million in total liquidations in 24 hours, it raises questions over whether meme coins are genuine investment opportunities or risky speculative assets.

Binance experienced a decline in trading volumes and liquidity in Q1 2023 due to U.S. banking failures and termination of its zero-fee promotion. This resulted in increased Bitcoin price volatility and a sharp drop in monthly trading volumes for the BTC-USDT pair.

The cryptocurrency market experiences a significant shift with Bitcoin falling to its lowest value since March 17 at $26,160. Factors like low liquidity and potential downturn in traditional risk assets contribute to this decline. Investors should exercise caution, stay informed, and make decisions based on thorough research and analysis.

European crypto investment team M11 Group has formed its first liquid asset crypto management arm named M11 Funds, aiming to serve as a complementary set of strategies to its core venture funds launched in 2017, while focusing on institutional interest in liquid strategies within European regulations.

Polychain Capital is reportedly liquidating its $6 million ROOK token position via DeFi exchanges, rather than utilizing the anticipated arbitrage play. This decision by the prominent crypto hedge fund has sparked speculation about the reasons behind the move and its implications for the ROOK token community.

On the anniversary of the Terra Luna (LUNA) crash, the crypto community reflected on lessons learned, focusing on liquidity, transparency, and user protection. The event prompted the industry to reassess risk management strategies and prioritize user protection, highlighting the importance of responsible leadership in the crypto world.

Binance recently announced a reduction in ETH Staking withdrawal processing time from 15 to 5 days, aiming to increase user satisfaction and adoption. Concerns arise about accelerated withdrawals potentially impacting ETH price. The overall effect on the market and ETH’s price remains uncertain.

Bankrupt crypto lender Voyager Digital announces self-liquidation after failed acquisition deals with FTX and Binance.US. Customers now face a recovery rate of only 36% of their crypto holdings, significantly lower than initially expected. Liquidation of select digital assets will affect major cryptocurrencies like Algorand, Celo, and Avalanche.

The Shanghai upgrade’s impact on the Ethereum staking market reveals strong bullish sentiment and growth in liquid staking service providers like Lido Finance and Coinbase. With 97,586 ETH staked post-upgrade, the increased staking activity reduces sell pressure and indicates optimism for Ethereum’s future.

April’s decentralized finance (DeFi) hacks resulted in over $100 million in losses while liquid staking protocols surpassed decentralized exchanges (DEXs) in total value locked, signaling impressive changes within the DeFi space amid security concerns.

Crypto broker Voyager Digital focuses on returning assets to customers after failed deals with FTX US and Binance US. It plans to liquidate certain digital assets, while returning major cryptocurrencies at a 36% recovery rate. The uncertain regulatory climate and previous exposure to a failed crypto hedge fund contribute to the challenges faced by Voyager and the crypto industry.

The recent depegging event of TrueUSD (TUSD) led to supply constraints and skyrocketed borrowing rates on Aave and Compound. The lack of liquidity in some stablecoins presents both potential profit opportunities and significant market risks. Informed and cautious approach is necessary when navigating these situations in the nascent crypto markets.