OKX Exchange plans to compensate users after a 48% flash crash in its token (OKB), wiping out $6.5 billion. The crash, linked to GBTC's Bitcoin sale and FTX's large GBTC ETF shares liquidation, highlights market volatility. OKX, focusing on regulatory compliance, faces challenges in the ever-fluctuating cryptocurrency landscape.
Cheng YuanGrayscale's journey from bitcoin accumulator to the world's top seller reflects a dynamic market responding to regulatory shifts. As investors explore diverse options, Grayscale's strategic sell-offs highlight the evolving landscape of cryptocurrency investments.
BerniceGrayscale's GBTC, world's largest bitcoin fund, transitions to ETF post-SEC approval. Now mandated to sell daily, impacting market patterns. Investors shift to lower-cost alternatives, prompting strategic bitcoin sales.
Xu Lin
JinseFinanceHuobi Token briefly tanked below $0.40. HT managed to recover, but is still down 20% on the day.
BeincryptoVICTORIA, Seychelles, Aug. 23, 2022 (GLOBE NEWSWIRE) -- OKX, the world-leading cryptocurrency platform, has issued business updates for the week of August 23, 2022: OKX Earn launches Smart Gain ...
GlobenewswireA report from S3 Partners noted that crypto stocks with the highest short interest include Coinbase, Marathon Digital and MicroStrategy.
CointelegraphAccording to Paolo Ardoino, some hedge funds are trying to create "billions of dollars" of pressure to "damage Tether's liquidity" in order to eventually be able to buy back tokens at a much lower price.
CointelegraphThe classic bottom zone reappears on the back of serious sell pressure stoked by mayhem on stablecoin markets.
CointelegraphFocusing on scarce assets such as physical property and company shares helps investors maintain purchasing power amid high inflation, Musk acknowledged.
Cointelegraph