befla

Two obscure pools fuel 2.8B XRPL volume, but only 185 trades caused it

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Two obscure pools fuel 2.8B XRPL volume, but only 185 trades caused it
Two pools that exchange TIX for other issued tokens accounted for 97.24% of the seven-day automated market maker (AMM) volume in XRP Ledger (XRPL), according to XRPL.to’s Sept. 24 feed. Neither pool contains XRP, so the outsized reading says far more about the provider’s volume measure. XRPL.to listed a 2.82069 billion seven-day volume total, including … Read more

Wall Street gains direct oversight of Web3 security as S&P Global buys OpenZeppelin

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Wall Street gains direct oversight of Web3 security as S&P Global buys OpenZeppelin
S&P Global has agreed to acquire smart contract security company OpenZeppelin in a transaction that would put the crypto company inside the group that includes S&P Global Ratings. The transaction remains subject to closing conditions, S&P Global’s announcement said. Financial terms were not disclosed, and S&P said it does not expect the deal to materially affect … Read more

BitMEX opens fund recovery to customers it previously barred from the platform

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BitMEX opens fund recovery to customers it previously barred from the platform
BitMEX has opened withdrawal access to customers in six jurisdictions previously barred from using the exchange after ending operations this week. On Sept. 24, the crypto derivatives platform said users in the United States, Canada, Hong Kong SAR, Bermuda, Seychelles and Myanmar can now log in, complete identity verification where required and withdraw funds remaining … Read more

Altcoin demand meets $18B threat as flows move into RWA perps as just 19% of traders keep alts

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Altcoin demand meets $18B threat as flows move into RWA perps as just 19% of traders keep alts
In the markets Talos tracked, daily volume in RWA perpetual futures tied to equities, commodities and indices rose from less than $1 billion in January to $18.8 billion during Sept. 3-9. That represented 18.5% of futures volume across those venues. Crypto exchanges built their derivatives businesses around perpetual futures, and the same contract structure now … Read more

Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets

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Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets
Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs. The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week. Selling intensified after S&P Global released its September flash purchasing managers’ … Read more