Token unlocks are significant events that have the power to sway the market as participants react to the move. The addition of tokens to the market allows early investors, developers, or other holders to sell their assets while the price is still high – which contributes to selling pressure. Author: Shaurya Malwa Source link
Author: Shaurya Malwa
OPNX Exchange, Which Offers FTX Claims Trading, Led by Three Arrows Founders is Now Live
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Klaytn Foundation to Make Changes to KLAY Tokenomics and Governance Models
Klaytn Foundation to Make Changes to KLAY Tokenomics and Governance Models Author: Shaurya Malwa Source link
Solana Tokens Continue Steep Slide While Major Cryptos Stay Flat
Solana (SOL) dropped nearly 8% in the past 24 hours, adding to a 20% slide over the past week. Author: Shaurya Malwa Source link
Tether's USDT Stablecoin Slips From $1 Peg
USDT is trading at $0.9955 on several bourses, down 0.6% from its $1 peg. Author: Shaurya Malwa Source link
How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango
All in all, the rogue trader used over 10 million USDC to take out over $116 million from Mango, paying minimal fees for conducting the attack and doing everything within the parameters of how the platform was designed. Mango wasn’t hacked, it worked exactly as intended, and a savvy trader, albeit with nefarious intentions, managed to wring token liquidity out. Author: Shaurya Malwa Source link
Popular Uniswap Frontend Blocks Over 250 Crypto Addresses Related to DeFi Crimes
“[It] surely it makes no sense to block it,” said Banteg, pointing out that a burn wallet was among the 253 blocked addresses. Other wallets, noted Banteg, were only connected to a bad wallet and may not have directly engaged in nefarious activities. Author: Shaurya Malwa Source link
First Mover Asia: Crypto's ‘Learn-on-the-Fly’ Ethos on Display as Bridge Hack Damage Reaches $2B
Bitcoin and ether kept sliding, but barely. Meanwhile a corporate partnership announcement was enough to send Coinbase shares soaring (and short-sellers running for cover). Author: Shaurya Malwa Source link
What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years
Poor macroeconomic sentiment, fears of inflation, and systemic risks from the crypto market pushed bitcoin below 2017’s highs. Author: Shaurya Malwa Source link
What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K
Bitcoin was recently trading at about $22,500, down more than 16% over the past day. As for major altcoins, the question wasn’t whether they were in the red but by how much. Ether, the second largest crypto by market cap, was changing hands at roughly $1,200, off over 17% during the same period and its lowest level since January 2021. CRO was off more than 20% at one point amid news that the crypto exchange would pare about 5% of its workforce, roughly 260 jobs. Wrapped bitcoin (WBTC) and TRX…