“We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said CEO Dan Morehead.
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“We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said CEO Dan Morehead.
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Decentralized finance still has a ways to go before it can attract institutional capital. Meanwhile, Fireblocks has become a nine-figure revenue-generating company.
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Portofino’s backers believe that access to high-frequency trading, or HFT, could bring more hedge funds and institutional investors into crypto.
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The public was invited to comment on whether the regulators should use the term “crypto asset” instead of “digital asset” in proposed changes to Form PF.
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Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower price.
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Ether price is forming a bear pennant pattern whose profit target comes to be near $850.
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Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations.
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Ether risks turning overbought on shorter timeframes, amounting to sell-offs also as it retests a critical resistance level.
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Crypto market correlation and Valkyrie’s Avalanche fund launch also helped push AVAX to a weekly high.
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Later, the hedge fund manager reportedly purchased more than $22.50 million worth of ETH tokens from FTX and Deribit.
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