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Crypto Whales Sell Off Ethereum (ETH)-Based Altcoin Before Massive 40% Correction: On-Chain Data. Crypto whales sold off millions of dollars worth of yearn.finance on Saturday prior to YFI sharply correcting by over 40%, according to on-chain data. Spotted by blockchain-tracking firm Lookonchain, one wallet deposited the better part of $5.8 million worth of YFI to crypto exchanges, likely to be sold off on the open market.
dYdX increases margin and implements trade restrictions. In a decisive move to bolster its trading platform’s stability and security, decentralized crypto exchange dYdX has implemented significant changes in its trading policies. This strategic shift comes in the wake of the exchange deploying $9 million from its insurance fund to offset users’ losses incurred on November 17th.
In a recent development that has sent ripples through the cryptocurrency community, Steven Nerayoff, a former Ethereum consultant and attorney, has come forward with allegations of fraud against the early architects of Ethereum.
James Wallis, the Vice President of Ripple, specializing in central bank engagements and Central Bank Digital Currencies (CBDCs), recently highlighted the transformative potential of CBDCs in enhancing global financial inclusion.
The Asian cryptocurrency landscape has been bustling with significant developments this past week. From Hong Kong’s innovative immigration proposals involving Bitcoin to Singapore’s strides in digital currency, the region has been a hotbed of crypto activity.
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