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The trader’s previous bet, nominally worth roughly $200 million, caused millions of dollars in losses for Hyperliquid’s liquidity providers. The cryptocurrency trader whose ultra-leveraged Ether (ETH) trade tested Hyperliquid’s limits on March 12 has entered another multimillion-dollar position, this time in Chainlink (LINK), onchain data shows. On March 14, the anonymous whale, referred to on…
SOL price risks a 25% drop as Donald Trump’s latest crypto executive order confirms no additional purchases of non-Bitcoin cryptocurrencies. Solana (SOL) has dropped by 7.50% in the last 24 hours to reach around $142 on March 7, mirroring losses across the cryptocurrency market. SOL/USD four-hour price chart. Source: TradingView Top reasons driving the SOL…
Solana’s overbought correction has picked momentum after its mention in the SEC’s latest lawsuit against Kraken. Is the SOL bull run finally over? Solana (SOL) is seeing a price correction after rallying nearly 300% in recent months. Why is Solana price down today? As of Nov. 21, SOL’s price was trading for $55, down 20%…
The judge showed rare understanding of DeFi technology and stated the defendants would do better to address their complaints to Congress. The United States District Court of Southern New York has dismissed a class-action suit against Uniswap Labs, its CEO, foundation and venture capital backers brought by plaintiffs who claimed they lost money due to…
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” Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash “ The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows from centralized exchanges often spike when the markets are…
” Orca DEX to block US users from trading with its interface “ The Solana-based decentralized exchange (DEX) Orca will block all United States users from trading using its web interface beginning March 31, according to a March 16 notice posted to its official website. The exchange did over $634 million worth of trading volume…
” Stargate foundation advises DAO against reissuing STG tokens “ Stargate Foundation has advised its decentralized autonomous organization (DAO) against reissuing Stargate’s native Stargate Finance (STG) token due to concerns raised by FTX liquidators. The liquidators have expressed the belief that such a move would violate the automatic stay and could result in legal repercussions. In March…