befla

Locked liquidity did not stop this $14 million crypto pool drain

by
Locked liquidity did not stop this $14 million crypto pool drain
The PancakeSwap pool for 79AU, 79thVault’s token, lost $14.35 million in USDT on Oct. 7 through two selling wallets, according to a Bitquery investigation published Oct. 8. Bitquery found that 79% of the pool’s liquidity-provider receipts had been burned. But a permission inside 79AU let tokens leave the pool without payment. Those tokens were then … Read more

EU regulators target non-compliant stablecoins with a 90-day deadline

by
EU regulators target non-compliant stablecoins with a 90-day deadline
Crypto firms authorized under the EU’s Markets in Crypto-Assets regulation (MiCA) should resolve EU clients’ remaining exposure to non-compliant stablecoins through their services within three months, according to a new opinion from the bloc’s markets watchdog. The European Securities and Markets Authority (ESMA) published the opinion Oct. 8. Where national regulators find legacy exposures, ESMA … Read more

Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for sale

by
Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for sale
For XRP buyers, available supply depends on the price they are willing to pay. The token’s roughly 63.09 billion circulating supply gives the market’s scale; sell orders show the quantities being offered at particular prices. XRP Insights, a ledger-data tracker, counted 21.97 billion XRP in exchange-attributed wallets at 08:00 UTC on Oct. 8, across 699 … Read more

Bitcoin crashes through $81,000 buy wall as $1 billion crypto liquidation bloodbath unfolds

by
Bitcoin crashes through $81,000 buy wall as $1 billion crypto liquidation bloodbath unfolds
Bitcoin registered an intraday low near $80,000 as a cryptocurrency selloff triggered over $1 billion in liquidations, overwhelmingly hitting traders betting on higher prices. The largest cryptocurrency traded around $80,744 as of press time, down 3% over 24 hours and roughly 4% over the past week, extending a retreat from its recent attempt to reclaim … Read more

Polymarket’s upgrade won’t automatically move existing bets to new contracts

by
Polymarket’s upgrade won’t automatically move existing bets to new contracts
Polymarket’s Protocol V2 rollout does not automatically move existing bets held under its older Conditional Tokens Framework, or CTF, onto new contracts. Its migration guidance tells trading integrations to retain support for those holdings while adding a separate system for V2 positions and new trading permissions. In his Oct. 5 announcement, Rajath Alex said Polymarket … Read more

Ethereum bears keep selling but ETH price stays near $2,700 as US spot ETFs record $206M in outflows

by
Ethereum bears keep selling but ETH price stays near $2,700 as US spot ETFs record $206M in outflows
Ethereum’s institutional demand is weakening around the same time derivatives positioning shows traders are selling aggressively without yet breaking the broader price structure. US spot ETH exchange-traded funds recorded $50.76 million of net outflows on Oct. 5, extending their losing streak to five consecutive sessions, according to SoSoValue data. The products have shed $205.88 million … Read more

Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high

by
Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high
US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued to decline. Data from SoSoValue shows that the 12 listed US Bitcoin ETFs lost $484.9 million on Oct. 7, their largest single-day outflow since June 25. BlackRock’s iShares Bitcoin Trust (IBIT) led the withdrawals with $207.7 million, … Read more

Bitcoin keeps losing ground when Wall Street opens as Coinbase discount deepens

by
Bitcoin keeps losing ground when Wall Street opens as Coinbase discount deepens
Bitcoin’s US-session weakness is deepening as BTC prices on Coinbase trade at a $64 discount to Binance, the largest global crypto exchange Bitcoin has lost a compounded 3.24% during US stock-market hours since Sept. 21, while prices outside that window advanced 6.07%, according to a CryptoSlate analysis of Binance BTC/USDT trading. During this period, CryptoQuant’s … Read more

Bitcoin’s failed breakout reveals a dangerous mix of thin volume and easy profits

by
Bitcoin’s failed breakout reveals a dangerous mix of thin volume and easy profits
Bitcoin has fallen nearly 5% this week as weak trading volume and profit-taking blunt attempts to reclaim $85,000. The largest cryptocurrency traded around $83,100 as of press time, extending a retreat that followed Sunday’s brief close above the key level. Bitcoin has since failed to sustain that breakout, slipping beneath newly placed sell orders before … Read more