Trading


Markets

Luna Classic, Remnant of Terra Collapse, Jumps 60% as Binance Unveils Burn Scheme

The crypto exchange’s new measure aims to reduce the hyperinflated LUNC token’s supply, but it is unlikely to have the desired effect that traders hope for.

(Midjourney/CoinDesk)

Markets

Ethereum Miners’ $319M Crypto Hoard Hangs Over Market After Merge

Miners dumped over 16,000 ETH, worth more than $20 million, in the past week, on-chain data showed. The Ethereum miners still have about 245,000 ETH left – and no longer any business affiliation with the blockchain network.

(Midjourney/CoinDesk)

Finance

Coinbase Completed $100M Transaction to Test Proprietary Trading: Report

The exchange hired at least four Wall Street traders to form a group called Coinbase Risk Solutions to use the firm's own cash to trade crypto.

(Pixabay)

Markets

Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K

This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten in the U.S. The bitcoin market doesn't like it.

Bitcoin and ether traded slightly higher following Fed Chairman Jerome Powell’s latest comments on inflation and the economy. (Jesse Hamilton/CoinDesk)

Markets

Ether Funding Rates Revert to Normal Days After Successful Merge

A popular trade drove up funding rates to lifetime highs for ether futures.

Funding rates on ether futures return to normal days after merge (Pixabay)

Finance

New Crypto Exchange Aims to Bring What Old Crypto Hates: Wall Street Intermediaries

Jamil Nazarali, CEO of EDX Markets, joined CoinDesk TV’s “First Mover” to discuss what his new exchange means for institutional investors and why crypto’s philosophy of being an asset class without a middleman is unlikely to last.

“The reality is, you’re going to have an intermediary either way,” Jamil Nazarali, CEO of crypto exchange EDX Markets, said on CoinDesk TV’s “First Mover." (CoinDesk TV, modified by CoinDesk)

Markets

Nova Labs Inks Agreement With T-Mobile to Cover 5G Dead Spots in Helium Network

Terms of the five-year agreement with the wireless giant weren't disclosed.

Nova Labs Chief Operating Officer Frank Mong (left) speaks Tuesday on a panel in New York with Gregg Landskov, an executive in T-Mobile's Wholesale division, and Boris Renski, general manager of wireless at Nova Labs. (Lyllah Ledesma/CoinDesk)

Markets

XRP, Ether Lead Recovery in Crypto Majors as Markets Prepare for Outsized Fed Hike

The U.S. central bank is expected to again hike rates by 75 basis points on Wednesday.

GMX tokens are serving as a proxy bet for Arbitrum investors. (Jason Briscoe/Unsplash)

Markets

As Ether, Bitcoin Wilt, Trading Firms Blame Lack of Bullish Catalyst for Market Swoon

ETH deposits to exchanges have yet to pull back, one observer noted. Investors began moving coins to exchanges ahead of last Thursday's Ethereum Merge.

Ether cae por debajo de US$1300 mientras el entusiasmo por la fusión se desvanece. (Fuente: CoinDesk, Highcharts.com)

Markets

DeFi Trader Nets Over $500K by Using DEX GMX to Manipulate Avalanche Token

GMX developers capped open interest for Avalanche tokens to prevent a repeat of the strategy.

Zipmex is to release tokens to users' wallets in the next week after blocking customers from direct custody of their coins last month. (Jose Miguel/Pixabay)