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Huobi's planned layoffs were at the center of the latest news cycle, as was former FTX CEO Sam-Bankman-Fried. Mt. Gox, Gopax, and Poolin also made the news.
According to Nansen, the highest outflows were from stablecoins addresses (USDT and USDC) and Ethereum (ETH) wallets with high balances.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
In the last 24 hours, Huobi's trading volume and the value of its native token has crashed by 20% and 6%, respectively.
The exchange pointed at the declining trading activity on Huobi as the reason for this decision.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
The TRON founder-turned-exchange advisor has denied rumors of mass staff cuts.
The company has plans to improve upon the operation of GBTC.
Sell pressure dips the Solana price 13% over the last 24 hours triggering more bearish sentiment around the project.
Ethereum-based DeFi projects have a combined TVL of $45.96 billion — 65.6% of all TVL in DeFi across crypto, according to data from DeFiLlama.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Extradition agreed for SBF, FTX Creditors seek $1.6B payout, and Bitcoin Miner Core Scientific files for bankruptcy
OKX said it would cover potential losses due to connection issues that might have prevented some users from closing their orders.
The exchange also lost $32 million in Ethereum, $200 million in Binance USD and Tether, and $300 million in USD Coin.
TRON founder Justin Sun sends 100 million USDC to Binance as social media warnings about the exchange ramp up.
Binance said USDC withdrawals were temporarily paused because the exchange was conducting a token swap involving the Circle-backed stablecoin.
Binance criticizes Reuters over DOJ articles, Tron USDD loses dollar peg and more in this CryptoSlate Wrapped Daily.
The FTX collapse impacted the whole crypto ecosystem, but this might have been deeply felt in Web3 gaming because of the ties between Solana and FTX.
DMC holders to receive Dominica DID status, opportunity to obtain passports issued by the Government of Dominica, and Dominica Metaverse privileges.
While the crypto community joked about the WETH peg, Ethereum's price fell by over 4% during the weekend.
