Coindesk: Professional traders say market structure and liquidations were a likely reason for the sudden drop instead of a singular fundamental catalyst. The market has also been relatively illiquid and flat – creating conditions ripe for sudden movements.
Most long liquidations took place on crypto exchange OKX, accounting for nearly 40% of the entire market.
Most long liquidations took place on crypto exchange OKX, accounting for nearly 40% of the entire market.
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infinityhedge
CHINA's EVERGRANDE FILES FOR CHAPTER 15 BANKRUPTCY IN NEW YORK
EVERGRANDE continues:
EVERGRANDE SEEKS US COURT NOD FOR $32 BLN DEBT OVERHAUL, AS CHINA ECONOMIC FEARS MOUNT.
NOMURA CUTS CHINA'S 2023 GDP GROWTH FORECAST TO 4.6% FROM 5.1%. Bloomberg
China & 🇭🇰 📉
EVERGRANDE SEEKS US COURT NOD FOR $32 BLN DEBT OVERHAUL, AS CHINA ECONOMIC FEARS MOUNT.
NOMURA CUTS CHINA'S 2023 GDP GROWTH FORECAST TO 4.6% FROM 5.1%. Bloomberg
China & 🇭🇰 📉
Bloomberg.com
Nomura Cuts China’s Growth Forecast to 4.6% on ‘Downward Spiral’
Nomura Holdings Inc. lowered this year’s growth forecast for China to 4.6% after weaker-than-expected data in July and an ongoing “downward spiral” in the economy.
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infinityhedge
EVERGRANDE continues: EVERGRANDE SEEKS US COURT NOD FOR $32 BLN DEBT OVERHAUL, AS CHINA ECONOMIC FEARS MOUNT. NOMURA CUTS CHINA'S 2023 GDP GROWTH FORECAST TO 4.6% FROM 5.1%. Bloomberg China & 🇭🇰 📉
^CHINA TO CUT HANDLING FEE AT BEIJING STOCK EXCHANGE BY 50%
infinityhedge
This Week [14-20th August] - @infinityhedge Mon: → Pakistan Independence Day → ICON IBC Integration Testnet → dYdX Public Testnet 2 Launch → $SAND 16.2% unlock → $ALI 7.25% unlock Tue: → India Independence Day → US Retail Sales → China Economic data [July]…
EURO ZONE JULY CORE CPI INFLATION RISES 5.5% Y/Y; EST. 5.5%; PREV. 5.5%
Exactly Protocol on Optimism exploited for $7M+
Exactly Protocol TVL: $36.2M
Exactly Protocol TVL: $36.2M
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infinityhedge
^CHINA TO CUT HANDLING FEE AT BEIJING STOCK EXCHANGE BY 50%
CHINA ASKS PRIVATE FUNDS TO CONSOLIDATE CONFIDENCE IN STOCKS
infinityhedge
https://twitter.com/DaanCrypto/status/1669974274847694850?t=tvwlucY2pFnuStVzC8Icaw&s=19
vxTwitter / fixvx
Daan Crypto Trades (@DaanCrypto)
$SUI All that's needed is a retake of it's previous low around $0.51 for me to get interested.
Even though the timings aren't exactly on point. The price action surely is. Crazy stuff.
Trade SUI on Bybit:
https://partner.bybit.com/b/daancrypto
【QRT of…
Even though the timings aren't exactly on point. The price action surely is. Crazy stuff.
Trade SUI on Bybit:
https://partner.bybit.com/b/daancrypto
【QRT of…
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Kraken Pro to list $PYUSD [PayPal Stabelcoin]
Deposits and withdrawals enabled
Trading starts on August 21
Deposits and withdrawals enabled
Trading starts on August 21
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An unknown single trader, or a trading entity, lost $55M on an ETH trade yesterday. ☠️
The position was made up of ~38.986k ETH & liquidated at the $1,434 price level.
That was nearly 30% of all liquidated futures on Binance. [Oh god 😬]
The position was made up of ~38.986k ETH & liquidated at the $1,434 price level.
That was nearly 30% of all liquidated futures on Binance. [Oh god 😬]
CoinDesk
Single Trader Lost $55M on Ether Long Yesterday
That was nearly 30% of all liquidated futures on Binance, the data shows.
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Celsius filing last year revealed 15,000 personal crypto wallets holding $3 billion at their peak
The Block
Celsius filing last year revealed 15,000 personal crypto wallets holding $3 billion at their peak
It was widely assumed that last year's Celsius filing revealed many of its users' personal crypto wallets. We found out how many.
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infinityhedge
Grayscale vs SEC Analysts suggest a decision could occur either today at 11 AM EST or possibly on Friday. @infinityhedge
No decision on Grayscale vs SEC today [🤷]
Next possible day will be Tuesday 8/22.
Final deadline:10/5/23
Next possible day will be Tuesday 8/22.
Final deadline:10/5/23
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Elon Musk: 'Block is going to be deleted as a “feature”, except for DMs"
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