Bitcoin unrealized losses reached nearly one-third of the supply, even before BTC price fell to multimonth lows below $100,000. Key points: Bitcoin struggles to recoup losses that sparked multimonth lows under $100,000. Traders hope that whales will push the market higher to neutralize late shorts. Read more
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
Bitcoin must hold above its 200-week EMA, await Fed’s stealth QE and see US liquidity return post-shutdown to avoid a deeper bear market. Key takeaways: Bitcoin’s bull structure remains intact as long as it holds above a key trendline. Fed liquidity and US fiscal policy will likely decide Bitcoin’s next major move. Read more
Future’s $34.5 million round, backed by Fulgur Ventures, Tobam and others, highlights Switzerland’s growing role in institutional Bitcoin adoption. Future Holdings, a Switzerland-based Bitcoin treasury and custody company, has raised 28 million Swiss francs (about $34.5 million) in a strategic round anchored by Fulgur Ventures, Nakamoto and Tobam, the company announced on Tuesday. Branding itself as “Switzerland’s premier Bitcoin treasury company,” Future said in a news release that it will provide multisignature custody, treasury tools and advisory services for companies seeking to hold Bitcoin (BTC) on their balance sheets. The company said it combines treasury operations, research and wallet infrastructure to help institutions manage and account for Bitcoin exposure within traditional corporate structures. Read more