The Solana-based decentralized exchange (DEX) Mango Markets has agreed to pay a $500,000 settlement to the U.S. Commodity Futures Trading Commission (CFTC). What Happened? The CFTC launched an investigation into Mango Markets after a trader named Avraham Eisenberg exploited the platform for $110 million worth of crypto in 2022. Mango Markets’ decentralized autonomous organization (DAO)…
Ethereum spot ETFs had a rough start to the week, but things took a turn for the better on Tuesday. A Week of Outflows Last week, Ethereum ETFs saw their sixth straight week of investors pulling out money. This continued a trend that started in September, with investors not being impressed with the performance of…
Caroline Ellison, the former CEO of Alameda Research and a key witness in the FTX fraud case, was sentenced to two years in prison. This comes after her ex-partner, Sam Bankman-Fried (SBF), was found guilty and sentenced to 25 years. A Harsh Sentence for Cooperation Ellison’s sentence was harsher than what the probation department recommended….
China’s recent economic moves are causing a buzz in the financial world, and experts believe it could soon impact the crypto market. While stocks have already seen a boost from China’s policies, crypto hasn’t quite caught up yet. But analysts at QCP Capital think that’s about to change. A Crypto Surge on the Horizon? QCP…
China’s central bank just injected a big chunk of cash into the economy, and some experts think it could be good news for Bitcoin. A Little Bit of Context China’s central bank, the PBOC, cut interest rates, making it cheaper for businesses and individuals to borrow money. This is similar to what the US Federal…
Ethereum’s future looks bright, according to some analysts. A recent shift in Ethereum’s futures market is making people think the price might go up soon. What’s the Deal with Funding Rates? Funding rates are a key indicator in the futures market. They tell us if people are mostly buying or selling a cryptocurrency. A positive…
Big Players Are Making Moves Ethereum has been following Bitcoin’s lead in price action for a while now, but things might be changing. In the last week, Ethereum has surged by 13%, outperforming Bitcoin’s 5.8% gain. And it seems like some big-time Ethereum holders are behind this move. Data from on-chain analytics platforms shows a…
One of the top guys at the SEC, Mark Uyeda, thinks the agency needs to change how it deals with crypto. He says the SEC hasn’t set clear rules for the industry, making it hard for companies to innovate. “We’ve basically said most crypto is a security, but haven’t given clear guidelines on how to…
Celestia, a blockchain project, is seeing a huge price jump after its foundation secured a massive $100 million investment. Big Names Back Celestia The money came from a group of big-name investors, led by Bain Capital Crypto. Other investors include Syncracy Capital, 1kx, Robot Ventures, and Placeholder. This investment is a big deal for Celestia,…
Crypto experts are predicting that altcoins are about to take off. The founders of analytics firm Glassnode, Jan Happel and Yann Allemann, believe we’re on the verge of an altcoin season. They think this will happen once Bitcoin breaks its all-time high of around $74,000. What is an altcoin season? An altcoin season is a…
