Taking advantage of variable prices across multiple exchanges in order to sell assets at a profit, despite little to no market movement.
Arbitrage bot on Polygon (MATIC) makes 218 ETH (or $828,000) in profits
An arbitrage bot on Polygon has been able to make around $7000 in gain daily.
South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz
South Korean Financial Services Commission Chairman Kim Joo-Hyun said the new crypto regulation would adopt a balanced approach that ensures investors' protection and market innovation.
Reserve Bank of India renews calls for crypto ban
India flips anti-crypto once more citing the destabilizing effect of digital assets on fiscal stability.
FSB to submit crypto and stablecoin regulation recommendations in October
The FSB said it will submit two public consultation reports on regulating cryptocurrencies and stablecoins, which pose risks to financial stability.
US Treasury calls for global crypto regulation, development of CBDC
The US treasury believes the crypto market is in need of consistent regulation applied globally, and the US should lead development of CBDCs.
Crypto hedge funds are bullish on Bitcoin and knee-deep in DeFi
PwC's research shows the number of crypto-focused hedge funds has risen to 300 despite the volatility in the market.
Cardano founder steals the show at Congressional hearing on crypto regulation
In front of a Congressional hearing, Hoskinson spoke cogently, and appeared relaxed, in making a case for more equitable regulatory treatment for the cryptocurrency industry.
The current Celsius, 3AC situation may not be as bad as rumors suggest
3AC debt exposure may be as high as $1.5B but is the real risk related to the fear, uncertainty, and doubt this has created?
USDD is fueling Tron’s DeFi TVL rise, draws comparison with Terra’s UST
Tron's TVL rose to over $6 billion within the last 30 days, placing it behind BNB Chain with $8.8 billion and Ethereum with $71.3 billion TVL.