Crypto News
Ether Came Dangerously Close to Massive Liquidation. Here Are Some Levels to Watch
An ether (ETH) position worth more than $126 million came within 4% of being liquidated amid a crypto market plunge on Tuesday.ETH has now retraced more than the entirety of Sunday's rally, shedding 22% of its value in the past 48 hours as it trades at $2,080.A fortuitous bounce at $2,000 protected Ethereum's decentralized finance (DeFi) ecosystem from a series of liquidations on collateralized debt platform MakerDAO.The first level sat at $1,929 with another two positions set to be liquidated at $1,844 and $1,796. The combined value of all three positions is $349 million.Price action is often drawn to liquidations levels as trading firms target areas of supply. When a liquidation is triggered on MakerDAO, the ETH pledged as collateral...
ByBit CEO: This Is ‘Critical’ Week to Freeze Funds From $1.4 Billion Hack
All of this comes as data from Nansen flagged that the hackers have "officially emptied their wallet," going from $1.4 billion to $1,429 in 10 days.Source link
MegaETH Launches High-Speed Testnet This Week to Pioneer Real-Time Blockchain Performance
MegaETH, an Ethereum layer two (L2) scaling solution backed by Vitalik Buterin and Dragonfly Capital, will deploy its testnet this week, offering developers and users a first look at its high-speed blockchain infrastructure. Ethereum L2 MegaETH Begins Testnet Rollout The MegaETH Labs team explained that the testnet, launching March 6, will run through March 10,Source link
CoinDesk 20 Performance Update: SUI Drops 11%, as Index Declines from Monday
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 2684.39, down 3.9% (-109.08) since 4 p.m. ET on Monday.Two of 20 assets are trading higher.Leaders: HBAR (+4.2%) and AAVE (+1.3%).Laggards: SUI (-11.0%) and DOT (-8.2%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Calls to Audit US Crypto Holdings Rise After Strategic Crypto Reserve Announcement
David Bailey, a former aide of the Trump campaign, called for an audit of the U.S. bitcoin, stressing the current state of the digital assets owned by the U.S. was unacceptable. He remarked few or nobody was able to ascertain the state of the 200,000 BTC allegedly in possession of government agencies. Calls to AuditSource link