#trading

The Bank for International Settlements (BIS) released a study casting doubt on the true decentralization of liquidity in DeFi trading platforms.

Binance, a leading crypto exchange by trading volume, announced the launch of a new asset, BFUSD. The news has been actively shared on social media, with many users on X assuming BFUSD is a stablecoin.

On November 7, U.S. spot Bitcoin ETFs reached a new milestone with net inflows totaling $1.38 billion in a single trading day, as reported by SoSoValue. This surge was largely driven by BlackRock's iShares Bitcoin Trust, which alone brought in $1.12 billion.

Decentralized domain name provider Unstoppable Domains has partnered with Cake Wallet to enable the trading of Monero usernames.

The U.S. Department of Justice has filed charges against Aleksei Andriunin, the 26-year-old Russian founder of Gotbit, alleging his involvement in a large-scale cryptocurrency market manipulation scheme. According to investigators, Gotbit provided services that artificially boosted trading volumes for tokens of various crypto companies, including some based in the U.S., with the intent to manipulate prices.

According to Bloomberg, former FTX user Nikolas Gierczyk has filed a lawsuit against the hedge fund Olympus Peak, which specializes in trading distressed debt claims.

Binance has officially announced the 60th project on its Launchpool featuring Scroll (SCR). Pre-market trading for the token will start on October 11.

The trading company QCP from Singapore is predicting an altseason within the next few months. QCP analysts cite optimistic market trends and expected regulatory changes to support their forecast.

On October 16, 2024, WhiteBIT announced that PUFFER is now available for trading on their platform. At the time of writing, PUFFER can be traded exclusively in a USDT pair and is limited to futures contracts.

The Layer 1 blockchain Sui is at the center of a controversy following allegations of insider trading. Some users allege that insiders connected to the project managed to make substantial profits from a surge in SUI’s price, selling their tokens just before the broader market correction.

Coinbase, the world’s second-largest cryptocurrency exchange by trading volume, announced it will delist all stablecoins that do not meet the MiCA regulations set by European authorities. Among those at risk is USDT, the leading stablecoin issued by Tether Holdings Ltd.