The firm’s looped ETH long position unraveled this week as ether’s price crashed, resulting in an estimated $686 million loss.
Ether’s recent crash below $2,000 leaves $686 million gaping hole in trading firm’s book
The firm’s looped ETH long position unraveled this week as ether's price crashed, resulting in an estimated $686 million loss.
Shares:
The exchange is offering a 5% bounty for submissions that could lead to stolen funds being frozen.
A $50 million Trump-linked acquisition of a DOGE mining firm, Wyoming’s launch of a state-backed stablecoin, and comments from Federal Reserve officials signaling a softer stance on digital assets all
The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, rose 4.5% in the past 24 hours.
The Uniswap Foundation's balance sheet shows $41.41 million in fiat and stablecoins and 730,000 UNI tokens.