Babel Finance Lost $280 Million Due To Unhedged Propriety Trading: Report
Beleaguered crypto lending platform Babel Finance lost more than $280 million in customer funds due to failed propriety trading after the markets suffered significant losses over the past few months,…
KuCoin crypto exchange debuts USDT-dominated NFT ETF
KuCoin’s new investment product aims to increase the liquidity of, and access to, leading nonfungible token collections such as BAYC.
Nested on a mission to turn DeFi into SocialFi
A hard-to-digest user experience that narrows users to diehard crypto fans, steep fees that exclude many, a dire lack of technical guidance leading to expedited liquidations, and the absence of…
Bankman-Fried’s Alameda Funds Web3 Production Company
Web3 media company Trustless Media has launched following a $3.25 million seed round led by Sam Bankman-Fried, the CEO of FTX and founder of Alameda Research. The community-owned non-fungible token…
Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed; Zipmex Files for Bankruptcy; Celsius Breached
Read in the Digest: Bitcoin and Ethereum rally after interest rate hike – $1.76B options expiry looms. Solana protocol Nirvana (NIRV) suffers flash exploit, drained of liquidity. Cardano’s mainnet ‘Vasil’…
KuCoin Claims Bragging Rights as First Exchange to Offer NFT ETFs
Cryptocurrency exchange KuCoin is offering retail investors fractional ownership of top non-fungible tokens (NFTs) such as Bored Ape Yacht Club (BAYC) in the form of an exchange-traded fund (ETF) available…
Crypto contagion deters investors in near term, but fundamentals stay strong
Many experts believe that the recent slew of insolvencies may be good for the market in the long run, weeding out any weak players from the industry.