Liquidation – Page 2

Bitcoin price holds $26K as derivatives data hints at end of volatility spike

BTC futures and options data show pro traders’ sentiment was not impacted despite last week’s 11.4% correction.

Bitcoin price drops to a two month low — Did pro traders benefit?

A massive amount of traders were liquidated as BTC price dropped to $25,300, but was it primarily retail traders that were washed out?

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Silvergate CEO to depart amid ongoing liquidation and investor suits

Silvergate is losing its CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank.

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Litecoin price at risk of a 30% drop if key LTC futures historical trend repeats

A multiyear review of Litecoin futures open interest reveals a unique trend that has significantly impacted the LTC price in the past.

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Crypto exchange TrigonX latest to emerge from the FTX rubble

TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.

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Bitcoin derivatives data shows bulls positioning for further BTC price upside

BTC price continues to show strength and derivatives data suggests that bulls intend to press Bitcoin higher.

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Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses

On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind […]

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US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the […]

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Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen

General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut down. The hacker was able […]

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US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank. Federally Insured Depositors to Withdraw Funds on Monday, Uncertainty Looms for […]

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