Tag: Crypto

How ADL on Crypto Perp Trading Platforms Can Shock and Anger Even Advanced Traders

Auto-deleveraging is the emergency brake in crypto perpetuals that cuts part of winning positions when bankrupt liquidations overwhelm market depth and a venue’s remaining buffers, as Ambient Finance Founder Doug Colkitt explains in a new X thread. Perpetual futures — “perps” in trading shorthand — are cash-settled contracts with...
Read More

Pudgy Penguins waddle higher despite overall NFT sales slump

DX Terminal and Pudgy Penguins are hot despite the overall coolness of the NFT (non-fungible token) market. According to CryptoSlam data, NFT sales volume has dropped by 33.56% to $169.7 million, down from last week’s $256.9 million. The pullback has…...
Read More

How The Gold Rally Has Been Mirroring Bitcoin’s Momentum Over Time

Deutsche Bank analysts have highlighted parallels between gold and Bitcoin, as both assets continue to outperform this year. Other analysts have also made bullish predictions for BTC, noting that the flagship crypto appears to be mirroring the precious metal’s price action as investors jump on the ‘debasement trade.’ Deutsche...
Read More

‘Bitcoin Jesus’ Reaches $48M Settlement With US DOJ in Tax Fraud Case

Roger Ver, the early Bitcoin evangelist famously known as “Bitcoin Jesus,” has reached a $48 million settlement with the U.S. Department of Justice (DOJ) in a high-profile tax fraud case. The development comes after a public plea for presidential intervention in his lawsuit earlier this year. $48 Million DOJ...
Read More