Trading


Markets

AI-Related Tokens Surge as Maple, Ren Fall: CoinDesk Market Index Week in Review

AI platform Fetch.ai’s native token FET surged 80% in the past five days, according to data from CoinDesk Market Index.

The week-to-date leader chart among assets in the CoinDesk Market Index Ex Stablecoins shows the FET token surged 80% this week. (CoinDesk Indices)

Finance

Hedge Fund Presidio Trading to Spin Out Crypto Market Tail Risk Strategy

The tail risk investment strategy returned 560% in June as crypto markets slumped.

(David Mark/Pixabay)

Finance

Crypto Exchange Binance.US Eliminates Trading Fees for Ether

The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens.

Las especulaciones recientes sobre el estado de Binance, el exchange de criptomonedas más importante del mundo, también golpearon la participación de mercado de su stablecoin. (Danny Nelson/CoinDesk)

Finance

Attacker Targets Wealthy Crypto Funds Using Telegram Chats

Exchange owners cautioned against downloads of malicious as attackers zeroed in on gullible users with a very relevant and specific narrative.

(Adam Levine/CoinDesk)

Markets

Rally in Crypto Game Axie's AXS Token Faces Skepticism From Derivative Traders

With a favorable environment for alternative cryptocurrencies far away, a rise in open interest in AXS futures implies traders shorting the rally, one trader said.

Traders appear to be shorting the rally in AXS. (TheDigitalArtist/Pixabay)

Markets

Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent

Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures.

Rancor and dissent have broken out between units of Orthogonal Trading after $36 million of loan defaults on the crypto lending platform Maple Finance. (Charles Altamont Doyle/Creative Commons, modified by CoinDesk)

Markets

Ether Turns Inflationary as Network Usage Slows

The current positive inflation rate indicates the volume of ether being minted now outpaces the amount being burned.

Ether’s annualized inflation rate returned to a positive value after making a “V-shape” from November's market volatility triggered by FTX. (ultrasound.money)

Markets

FTX Contagion Spreads as Orthogonal Trading Gets Default Notice for $36M Debt on Maple Finance

Creditor M11 Credit issued a default notice to Orthogonal Trading for $36 million of loans, while Maple Finance severed all ties with Orthogonal for misrepresenting its financial position.

Crypto hedge fund Orthogonal Trading appears to be the next firm becoming insolvent after crypto exchange FTX's implosion. (Tom Wilson/Unsplash)

Markets

Minting of Reddit Avatar Tokens Climbed to Record High Over Weekend

The Polygon blockchain-based collection has 3.4 million holders, all of them Reddit users.

Reddit collectible avatars (Reddit)