Ethereum is down when writing, mirroring the general performance across the board. The nearly 2% drop in the crypto scene is due to the contraction of Bitcoin, Ethereum, and top altcoins. At present, the total market cap is down to $2.17 trillion. It could post even more losses should bears press on, reversing the gains…
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A new crypto market price tracking index, the GMCI 30, debuted today. The joint venture created by The Block and Wintermute announced the launch of its GMCI 30 index, which tracks the price performance of the top 30 crypto assets. 1/ Crypto has a new benchmark Tracking the performance of the entire industry has just…
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In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past 24 hours, WLD showcased a…
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“My Bitcoin was taken. How?” A Reddit user thought they were following best practices until two days ago when their Bitcoin wallet was completely cleaned out. A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the user lost a few thousand dollars…
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Creditors of the bankrupt landing firm Celsius have amended their lawsuit to include Wintermute. Plaintiffs in the class-action lawsuit against Celsius Network have now alleged that Wintermute helped the crypto lending firm in wash trading. The new court filing shows Wintermute Trading Ltd as a new defendant in the ongoing class-action lawsuit, Bloomberg reported. … Read…
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It was alleged that Celsius executives purportedly involved Wintermute to facilitate “wash trading” in an effort to “fraudulently” manipulate trading volumes on the Celsius platform. Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through improper market trading. According to…
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Wintermute, a leading global crypto market maker, has paid its 36 British staff a total of $83 million in 2021, suggesting that the crypto company gave birth to 36 new millionaires. According to its newly filed annual report, Wintermute paid its 36 UK staff $83 million in 2021, meaning the firm had an average payout of $2.3…
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According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda. Orthogonal Credit Found ‘Key Weaknesses’ Tied to FTX’s Alameda Research…
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James Edwards bases his accusations on what he feels are dubious transactions and smart contract code that doesn’t match the post-mortem analysis. A fresh new crypto conspiracy theory is afoot — this time in relation to last week’s $160 million hack on algorithmic market maker Wintermute — which one crypto sleuth alleges was an “inside…
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Although the airdrop took place less than two weeks ago, problems have already arisen for the vaunted layer-2 scaling solution’s team and market maker. The honeymoon period for the Optimism layer-2 scaling solution has been cut short, as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens.…
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