Analytical platform, CryptoDiffer, has noted an enormous sum of $1.16 billion in liquidations on centralized exchanges (CEXs) in the past day. This sudden spike can mainly be blamed on the geopolitical crisis that occurred as a result of an Israeli military attack on Iran. This attack scared the Major exchanges in the world and resulted […]
CEX
Hyperliquid’s Liquidation Chaos: Bybit CEO Has a Warning For DEXes
Hyperliquid’s recent liquidation chaos has sparked manipulation concerns among investors. However, Bybit CEO Ben Zhou isn’t surprised by the wipeout. In the tweet thread, Zhou shed light on the broader impact of high-leverage trading on both DEX and CEX. An anonymous whale recently manipulated Hyperliquid’s liquidation mechanism to exit his position. By doing this, they […]
Memecoin Mania: Ugly Legacy, Yet a Powerful Catalyst for Crypto Innovation
Ignas, a well-known DeFi commentator, recently took to X to reflect on the legacy of the memecoin mania that took over the crypto space. According to him, while crypto bubbles are predominantly fueled by gambling, wasting resources, and speculation, there’s a small silver lining: the remaining 5% that contributes to true innovation. The rise and […]
Ethereum’s Shrinking Exchange Holdings Mark a Bullish Trend
Ethereum’s supply on centralized exchanges (CEXes) has hit a record low. Recently, 4.1 million ETH were withdrawn from these platforms in just ten days. Now, only 12 million Ethereum, or 10% of its total supply, is on CEXes—the lowest since 2016. “Only 12 Mio. #Ethereum or 10% of Ether supply remains on centralized exchanges after […]
Ethereum CEX Deposits Hit Two-Month High Amid Price Slump
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a significant increase in deposits on centralized exchanges (CEX) over the past two months, with $383 million of Ethereum (ETH) deposited into these cryptocurrency exchanges, according to data from IntoTheBlock. One of the largest deposits came from a single address, about 61,216 ETH since the […]
Crypto Market Surges In Q1 2023: Binance, OKX, & Bybit Lead CEX Market Share
In a recent report by Cn.tokeninsight, the top three centralized exchanges (CEX) by market share in Q1 2023 were Binance, OKX, and Bybit. Binance maintained its position at the top with a 55% market share, although slightly lower than the 60% share it held in the previous quarter. OKX and Bybit followed with market shares of 12.8% […]