Arkham Flags FTX and Alameda Wallets for Liquidating $97.35 Million in Crypto Assets

Arkham Flags FTX and Alameda Wallets for Liquidating $97.35 Million in Crypto Assets

According to the latest data, transactions involving these two entities have raised eyebrows, amounting to a staggering $97.35 million worth of crypto assets liquidated within the past month alone. Arkham found that big amounts of money are being moved and sold in the crypto market. They noticed that most of these transactions involve the wallets…

Cryptocurrency Market Correction Million Liquidated

Cryptocurrency Market Correction Million Liquidated

Massive Liquidation Hits Crypto Market, Long Positions Suffer $147 Million Loss The cryptocurrency market has encountered a significant correction following its recent surge, with a staggering $200 million liquidated within the past 24 hours. Notably, long positions bore the brunt of this correction, accounting for a substantial $147 million in losses. The impact reverberated across…

GMX Short Seller Faces Significant Losses on Ethereum (ETH) Short Position
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GMX Short Seller Faces Significant Losses on Ethereum (ETH) Short Position

The largest short seller on GMX decided to employ 6.6x leverage and short Ethereum when it was priced at $1,703.97. This leverage allowed them to amplify potential gains or losses. Unfortunately for the short seller, the price of ETH has surged, leading to unexpected losses and a precarious situation. The Magnitude of Losses With ETH…

GMX On-Chain Derivatives Records Massive Liquidation

GMX On-Chain Derivatives Records Massive Liquidation

On June 14, GMX, a platform known for its on-chain derivatives trading, witnessed an unprecedented amount of liquidation. As a result, GMX Trader, a leading participant in the derivatives market, suffered a monumental net loss of $8.67 million in a single day. This staggering figure not only caught the attention of cryptocurrency enthusiasts but also…

Curve Finance Deploys crvUSD Stablecoin Smart Contract on Sepolia Test Network

Curve Finance Deploys crvUSD Stablecoin Smart Contract on Sepolia Test Network

Curve Finance, a decentralized finance (DeFi) protocol, has deployed the crvUSD stablecoin smart contract on the Sepolia test network. This move represents a significant step forward for the development of the crvUSD stablecoin, which aims to solve the bad debt problem caused by the liquidation of mortgage debt positions. The core feature of crvUSD is…