The liquidators of Three Arrows Capital (3AC) have recently taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon, in pursuit of a $1.3 billion lawsuit. The lawsuit stems from the allegations that TerraForm Labs manipulated the market for Luna and TerraUSD, resulting in artificially inflated prices for these tokens.
Crypto
The US spot Ethereum ETFs saw a significant inflow of $4.9 million on Monday. Notably, Grayscale Ethereum Trust (ETHE) did not experience any withdrawals, marking a notable shift since its conversion to an ETF after 14 days of outflows. This positive trend in inflows showcases a growing interest in Ethereum among US investors. Monday’s trading
Sui (SUI) has experienced a remarkable 70% increase in price over the past week, reaching around $1. This surge was primarily attributed to the launch of Grayscale’s Sui Trust, which focused on investing in the underlying asset. The introduction of the Grayscale Bittensor Trust also contributed to the excitement surrounding SUI. Industry experts and analysts
The recent market downturn has presented an opportunity for investors, with Ethereum emerging as the clear winner. Data shows that Ethereum attracted $155 million in inflows over the past week, bringing its year-to-date total to $862 million. This surge can be attributed to the introduction of US spot-based ETFs, which have generated renewed interest in
A recent analysis by CryptoQuant suggests that Ethereum (ETH) may be on the brink of a significant rally. Following a major liquidation event, ETH has shown potential for a price surge as spot buying pressure strengthens in the cryptocurrency market. After a sharp decline earlier this month, which saw ETH lose nearly 34% of its
Binance, the world’s largest cryptocurrency exchange, recently announced the delisting of six altcoins from its platform. This decision has had a significant impact on the prices of these assets, leading to sharp declines in value. Delistings like these often result in reduced liquidity and market panic, causing prices to plummet. Binance periodically reviews each digital
In recent news, XRP experienced a significant surge in price following a court ruling in the Ripple v SEC case. The price of XRP rose by 20% in a single day, reaching almost $0.64 with a market capitalization of over $35 billion. This surge came on the heels of a ruling by Judge Analisa Torres
As bitcoin experiences another retreat, analysts are closely monitoring various technical indicators and signals to determine the future trajectory of the cryptocurrency market. According to a recent report by CoinGlass, the liquidity heatmap is currently indicating key first-test lines at approximately $56,800. If BTC prices manage to bounce off this level, they could potentially test
Bitfarms, a Toronto-based Bitcoin mining company, recently reported a total revenue of $42 million for the second quarter of 2024. However, this marked a 16% decline quarter-over-quarter. The decrease in revenue is primarily attributed to the reduction in block rewards resulting from the BTC halving event that took place on April 19, 2024. In addition
Santiment recently released a ranking of the top digital assets in terms of notable development activity for the last 30 days. Taking the lead in this ranking is Internet Computer (ICP) with an overall score of 570.1. This token is the second-largest in the Artificial Intelligence (AI) realm, boasting a market capitalization of almost $3.5