$540 million worth of Ethereum (ETH) liquidated as ‘shorts’ punishedThe global crypto market cap is $2.2 trillion with a 24-hour volume of $237.86 billion. The price of Bitcoin is $54,133.45 and the BTC dominance is at 46.0%.
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by Shaurya Malwa Over $542 million worth of Ethereum (ETH) positions were liquidated last night on the back of the asset reaching all-time highs, data from markets tool Bybt showed. 139,079 traders were liquidated in all, while the largest single liquidation order happened on was an ETH trade for $74.5 million on crypto exchange Huobi. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Reef Finance is iterating the ‘IDO’ Model with new ReefStarter PlatformCross-chain DeFi operating system, Reef Finance has released an Initial DEX Offerings launchpad on its Substrate-based blockchain, Reef Chain. Irish firm Accenture to oversee 5 ‘digital dollar’ pilots in the U.S.The Digital Dollar Project, a non-profit organization co-founded by former Commodity Futures Trading Commission (CTFC) chairman Christopher Giancarlo, plans to launch five pilot programs focused on central bank digital currencies (CBDCs) within the next 12 months, a report by Reuters said yesterday. DOGE pumps 14% as American baseball team announces Dogecoin plansDogecoin surged by 14% yesterday to all all-time highs after Oakland Athletics, a Major League Baseball (MLB) team, announced it would accept DOGE for selling pairs of plaza infield tickets. DeFi 2.0 poised to defy expectations this summerBefore the summer of 2020, DeFi was hardly on anyone’s radar. Why this on-chain analyst targets a $300,000 Bitcoin in 2021A popular on-chain analyst said in a recent podcast appearance that Bitcoin would reach the $300,000 mark later this year as institutional buying continues to grow in recent times. Much-awaited ‘green’ cryptocurrency Chia has launched—and you can mine it at homeStarting today, users will be able to transact and trade Chia (XCH), a new cryptocurrency touting itself as an eco-friendly and easy to “farm” digital assets, according to the project’s website. Will Gary Gensler address the Ripple (XRP) lawsuit at the SEC meeting this week?XRP investors, the token issued by payments firm Ripple, are optimistic that a closed Securities and Exchange Commission (SEC) meeting this week will see a withdrawal of the lawsuit against the firm. 54% of Koreans say they support crypto taxesA new survey in South Korea has shown that 53.7% of respondents support the upcoming implementation of capital gain taxes on profits from crypto trading, local outlet Yonhap News Agency reported today. This DeFi startup is trying to solve the liquidity problem for smaller crypto playersThe $2 trillion crypto market faces a multimillion problem: That of smaller decentralized finance (DeFi) projects suffering from low-liquidity pools and high-slippage trades even as the market continues to grow as a whole. Talking Bitcoin, ICOs, and Ethereum DeFi with ‘The Defiant’ founder Camilla Russo
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