Hyperliquid DEX trading volumes cut into CEX market share: Data

Hyperliquid DEX trading volumes cut into CEX market share: Data

Data shows Hyperliquid’s trading volumes eating into centralized exchange trading market share. Hyperliquid is one of the current bull market’s standout DeFi success stories. With daily trading volumes having reached $4 billion, the exchange has become the largest decentralized (DEX) derivatives platform, commanding nearly 60% of the market. Hyperliquid still lags far behind Binance Futures’…

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Crypto trader turns K PEPE into M, sells for M profit

Crypto trader turns $2K PEPE into $43M, sells for $10M profit

The savvy trader’s position peaked at $43 million during Pepe’s peak valuation as memecoins continue minting new crypto millionaires. A savvy cryptocurrency trader reportedly turned $2,000 into more than $43 million by investing in the memecoin Pepe at its peak valuation, despite the token’s extreme volatility and lack of underlying technical value. The trader made…

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#How to use ChatGPT to predict crypto market trends

#How to use ChatGPT to predict crypto market trends

ChatGPT can analyze trends, spot patterns, and offer insights, but it’s no crystal ball — accuracy depends on reliable data. Predicting crypto market trends can feel like navigating a storm — unpredictable and fast-changing. Prices can spike or crash unexpectedly due to investor sentiment, regulatory changes or sudden events such as exchange hacks. For traders,…

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#Bitcoin’s megaphone pattern, explained: How to trade it

#Bitcoin’s megaphone pattern, explained: How to trade it

Understanding and recognizing the megaphone pattern can aid traders in anticipating market movements and making informed trading decisions. The Bitcoin megaphone pattern features at least two higher highs and two lower lows, forming an expanding structure. Connecting these highs and lows with trendlines creates a megaphone-like appearance, reflecting market instability. The formation signals heightened volatility,…

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#Hyperliquid’s mystery 50x ETH whale is now betting on LINK

#Hyperliquid’s mystery 50x ETH whale is now betting on LINK

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…

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#Robinhood to pay M to settle US regulator probes

#Robinhood to pay $30M to settle US regulator probes

Robinhood agreed to pay $29.75 million in fines and restitution for failing to respond to several “red flags” stemming from its supervision and compliance practices. Online trading platform Robinhood has agreed to pay $29.75 million to settle several probes from the Financial Industry Regulatory Authority (FINRA) related to the company’s supervision and compliance practices. The…

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#Our current data infrastructure threatens DeFi’s future

#Our current data infrastructure threatens DeFi’s future

The future of DeFi is at risk as outdated data infrastructure struggles to keep pace with high-performance blockchains. Without a fundamental overhaul, innovation and adoption will falter. Opinion by: Maxim Legg, founder and CEO of Pangea The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization,…

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#Yearn.finance pleads arb traders to return funds after .4M multisig mishap

#Yearn.finance pleads arb traders to return funds after $1.4M multisig mishap

A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol’s treasury and that customer funds weren’t impacted. <p>Decentralized finance protocol Yearn.finance is hoping arbitrage traders will return $1.4 million in funds after a multisignature scripting error, resulting in a large amount of the protocol’s treasury being drained. “A faulty…

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