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Hong Kong’s HashKey says token incentives drove spike in trading volumes

Hong Kong’s HashKey says token incentives drove spike in trading volumes

Volumes on HashKey Exchange surged to many times their normal level late last week — a trading frenzy the company put down to a token rewards program.

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Institutional Traders Split Between Bitcoin, Ether: Bybit Research

Numbers from the exchange show institutional traders largely ignored altcoins in favor of perceived “safe” assets.

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Osmosis and UX Chain propose merger within Cosmos ecosystem

The merger proposal includes integrating UX Chain’s lending logic with Osmosis’ decentralized exchange to form a comprehensive DeFi hub.

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Bitcoin Market-Neutral Bets Offer 10% Return as BTC Tops $41K, Analysts Say

The “basis trade,” a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium.

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Bitcoin’s Price Rise to $41K Buoyed by $200M in Weekend Short Liquidations

Overall market capitalization has risen 3% in the past 24 hours to reach a level previously seen in April 2022.

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Regulators have scared SoFi out of crypto: Bloomberg

The financial services firm is giving users three weeks to migrate their accounts — as long as they live in the right state.

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Standard Chartered-Backed Zodia Custody Joins Ripple-Owned Metaco’s Global Crypto Storage Network

Go to Source Author: Ian Allison

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Bitcoin Breaks $40K for First Time in 18 Months Amid Broader Crypto Market Rise

The price of Bitcoin hit $40,000 on Sunday for the first time in 18 months, while Ethereum rose past $2,200.

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Bitcoin price surpasses $40,000 as rally continues

Bitcoin’s recent rise has been fueled by industry-wide anticipation of spot Bitcoin ETFs, expected to be approved in the coming months.

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Platypus Finance hackers cleared of criminal charges: Le Monde

The men responsible for the $8.5 million hack were cleared after a court found their exploit of a flawed smart contract wasn’t fraud.

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