Day: October 15, 2022

Wintermute repays $92M TrueFi loan on time despite suffering $160M hack

Arijit Sarkar

When Wintermute, a cryptocurrency market maker, lost $160 million due to a hack, concerns related to the repayment of debt worth $189.4 million surfaced. However, in an exciting turn of events, Wintermute paid back its largest debt due Oct. 15, involving a $92 million Tether (USDT) loan issued by TrueFi. After repayment of TrueFi’s $92 million loan, Wintermute still owes $75 million to Maple Finance in USD Coin (USDC) and wrapped ether (WETH) and $22.4 million to Clearpool, a total of $97.4 million in debt. Loan details show that Wintermute…

‘No emotion’ — Bitcoin metric gives $35K as next BTC price macro low

William Suberg

Bitcoin (BTC) is showing textbook macro bottom signs in a “business as usual” bear market, data suggests. In fresh findings published on Oct. 13, popular Twitter trader Alan revealed that BTC price action is closely mimicking prior cycles. Trader on Stoch data: “Don’t be shaken out” While some are concerned about the current state of Bitcoin and crypto markets, on-chain indicators have long suggested that the 2022 bear market is comfortingly similar to previous ones. Eyeing the one-month stochastic chart for BTC/USD, Alan highlighted Bitcoin repeating a structure common to…

Huobi Token Pumps 77% In Seven Days, What’s Behind The Rally?

jamesobande

HT’s price shows strength as price cracks 77% gain despite the market displaying uncertainty.  HT bounces from the downtrend as the price breaks out of a descending triangle with strong buy volume.  The price of HT shows bullish signs as the price trades above 50 and 200 Exponential Moving Averages (EMA) with good volume.  The price movement of Huobi Token (HT) is a spectacle to behold after successfully breaking out of its downtrend that has seen the price of Huobi Token (HT) grounded against tether (USDT). Despite the current state…