Markets
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance
Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s FTX-induced insolvency.
Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes
The hedge fund wants more details about the Grayscale Bitcoin Trust, which has fallen in value by nearly 75% this year.
Two Technical Bitcoin Indicators Diverge; Each Has Value Depending on Investors' Timelines
The RSI indicates bitcoin is fairly valued and may be of greatest interest for traders seeking quick gains. The MVRV ratio implies prices are cheap and more pertinent for investors looking longer term.
Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP Says
Stocks have overtaken fundamentals and could soon fall back, QCP said.
First Mover Americas: Goldman to Spend Big on Crypto Post-FTX
The latest price moves in crypto markets in context for Dec. 6, 2022.
Bitcoin's Stagnant Crypto Dominance Points to Investor Exodus After FTX Bankruptcy
One analyst said investors are turning to cash.
Ether Turns Inflationary as Network Usage Slows
The current positive inflation rate indicates the volume of ether being minted now outpaces the amount being burned.
DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default.
Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines
Orthogonal Trading received a default notice, while crypto leader Nexo decided to depart from the U.S. after regulatory discussions hit a “dead end.”
Chainlink ‘Smart Money’ Might Be Pulling LINK Tokens Off Exchanges to Stake Them
The price of LINK is up 28% in the past two weeks.
