The trader, identified on Twitter and tagged by blockchain analysts as Avraham Eisenberg, borrowed 40 million Curve (CRV) tokens (worth $20 million at the time) using the decentralized lending platform Aave, then transferred them to the OKEx crypto exchange. Author: Krisztian Sandor Source link
Acknowledging the remarkable pace of innovation in Web3, today’s infrastructure cannot scale to the computing power needed to enable today’s AAA games. This shouldn’t surprise anyone, nor does it mean that Web3 will never scale to the degree it needs. What it does mean, however, is the crypto industry was attempting to bring to market a technology that didn’t line up with the infrastructure needs of the incumbent industry. We may have wanted Web3 gaming to explode onto the scene, but the reality is that the gaming industry just doesn’t…
On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse. We start off this week’s show with the latest news in the markets: GBTC next BTC price black swan? — 5 things to know in Bitcoin this week Bitcoin (BTC), the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX. Contagion is the word on everyone’s…
ETH’s price lost its demand zone of $1,200 as the price struggled to hold above $1,000. ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. ETH’s price looks weak as the price struggles to hold above $1,000, with the possibility of reclaiming the daily and weekly 50 and 200 Exponential Moving Averages (EMA) remaining bleak. The price action displayed by Ethereum (ETH) has continued to look like a fairytale, with many traders and investors disheartened, following the collapse of…