Coindesk

An Ethereum user saved several MakerDAO positions from the brink of a $360 million liquidation cascade on Tuesday, adding collateral at the final hour as the price of ETH tumbled.One of the positions had a liquidation price of $1,928, this was triggered alongside a market plunge during U.S. trading hours. The ETH was less than two minutes away from being liquidated and sold at a MakerDAO auction until the wallet owner deposited 2,000 ETH from Bitfinex as additional collateral. It also paid back $1.5 million worth of the DAI stablecoin.The wallet in question took some by surprise by saving the position as they had previously been inactive since November.That particular position is not out of the woods yet; it will...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2525.03, up 3.6% (+87.07) since 4 p.m. ET on Monday.Eighteen of 20 assets are trading higher.Leaders: APT (+7.5%) and NEAR (+6.7%).Laggards: BCH (-2.6%) and AAVE (-2.0%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Ethereum’s Holesky testnet finally reached finality on Monday, nearly two weeks after the Pectra upgrade went live.Epoch 119,090 sealed the deal at around 19:00 UTC, with over two-thirds of validators validating the network. An epoch is a period of time when a specific number of blocks is completed on the blockchain.Finality, which locks transactions irreversibly within two epochs, or about 13 minutes, had been absent since Feb. 24 due to a configuration bug in the client software, not the Pectra upgrade itself.Restoration efforts over the past weeks enabled this recovery. Developers are now stabilizing nodes and pruning old states to fully revive the testnet for Pectra testing.The Sepolia testnet, also running Pectra, achieved finality but later faced empty blocks from...

The recent crypto market downturn has caused the once-popular $120,000 bitcoin (BTC) options bet to lose its crown to the $100,000 bet in a sign that traders are reassessing their bullish expectations.At press time, the $100,000 call was the most popular BTC options contract on the exchange, boasting a notional open interest of $1.55 billion. The notional open interest represents the dollar value of the number of active option contracts at a given time.Meanwhile, the $120,000 call, the former leader up until last month, stood at the number two position, with a notional open interest of $1.33 billion.A call gives the purchaser the right but not the obligation to purchase the underlying asset at a predetermined price at a later...

VanEck has registered an Avalanche exchange-traded fund (ETF) in the U.S. state of Delaware as investment manager continue to apply for various altcoin-based product despite the clawback in the crypto market.The New York-headquartered company registered the "VanEck Avalanche ETF" on March 10, according to a filing on Delaware's Department of State website.The registration comes amid an ongoing sell-off in the crypto market, which has seen Avalanche's native token (AVAX) fall to a one-year low of $16.27.Avalanche becomes the fourth crypto asset VanEck has registered an ETF for, following its filing for a spot Solana fund last June. VanEck was among the first issuers of bitcoin (BTC) and ether(ETH) ETFs after they were approved in January and July respectively.Issuers are seemingly...