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A court-ordered liquidation process allows FTX to sell nearly $3.4 billion worth of crypto assets in weekly batches starting from $50 million a week. The crypto wallet s linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1. According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million GRT ($4.85 million), 972,073 RNDR ($2.3 million), and 708.1 MKR ($967,000). FTX and Alameda linked crypto deposit on Coinbase. Source: SOC The wallet addresses of FTX and Alameda Research made another $5.49 million transfer after three hours to Binance and Coinbase. The top 3 assets with the highest value in this transaction include 1.14 million DYDX ($2.64 million), 192,888 AXS ($1.05 million), and 5,858 AAVE ($522,000). #FTX and #Alameda Research further deposited...

Celestia’s mainnet launches on October 31, with several exchange listings. A 60 million TIA token airdrop is scheduled for active users on Ethereum Layer 2s, Cosmos Hub. Celestia’s modular design and consensus mechanisms make its launch a standout event in the crypto space. The highly anticipated launch of Celestia’s mainnet is just around the corner, and it brings with it a flurry of activity in the cryptocurrency world. Below are the key details of what to expect from Celestia’s mainnet launch , including an exciting airdrop and exchange listings . Mainnet launch and exchange listings Celestia, a modular blockchain network, is gearing up for the release of its mainnet, scheduled for October 31. This marks a significant milestone in the project’s development and introduces new opportunities for users and investors. Centralized exchange s, including KuCoin and Bybit, have already announced their plans to begin trading Celest...

In an exciting move towards transparency and community involvement, Coinbase’s layer-2 network, Base, has declared the release of its code repositories and smart contracts to the public. This open-sourcing initiative aims to foster a more diverse and dynamic development environment. As of October 19th, Base is extending a warm welcome to developers, granting them full access to the network’s codebase. By making their work available for all to see, Base intends to enable the community to monitor their progress and ensure their commitment to the project. Base believes that open-source practices create a mutually beneficial landscape for the crypto ecosystem. They acknowledge that when builders have access to a treasure trove of knowledge, they can build upon existing work, inspiring further innovation in the field. The decision to open-source their code is rooted in the desire to provide developers with an unprecedented level of transparency into the project’s develo...

In September it was announced that Binance would be selling off its Russian assets — from its customer’s deposits to loans — to a small, unheard-of crypto exchange called CommEx. As previously reported by Protos, there’s “almost identical language in CommEX and Binance’s terms of service,” and Russian users are, essentially, being bribed to move to CommEx with “a sweet 25% trading discount for BNB holders.” But there appear to be even closer, more direct ties between Binance and the newly created Russian exchange. Emails, transfer agents, and oddities According to X user @intel_jakal, after stopping halfway through a test of the CommEx verification process, they were sent emails reminding them to finish verifying their identity. Unfortunately, those emails weren’t sent from CommEx — they were sent from a Binance email address. Read more: Binance brokers like Nominex continue to serve Russia The screenshot above appears as though the user was trying to sign up wi...

Astar (ASTR) price rose to highs of $0.059 after news of listing on Bithumb. ASTR has however pared some of the gains to trade near $0.053 amid profit taking. Astar (ASTR) rose to a multi-week high on Thursday, reaching an intraday peak of $0.059 as market reaction to news of a major exchange listing buoyed bulls. However, with sellers still largely present, ASTR has pared most of the daily gains and currently traded near $0.053. Per data on CoinGecko, the cryptocurrency’s price has a 24-hour and seven-day upside of 2.5% and 4.4% respectively at the time of writing (11:30 am ET). Astar price soared after Bithumb listing news A tweet from Sota Watanabe, founder of Astar Network, on Thursday highlighted the native ASTR’s listing on Bithumb, one of the largest cryptocurrency exchanges in South Korea. With the news came the buying pressure, a scenario that catapulted ASTR/USD from lows of $0.052 to near $0.060. Notably, the spike in the USD pair ...

Traders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise. Crypto analysts on X (the social media platform formerly known as Twitter) and in YouTube interviews have been abuzz with talk about the trend of Bitcoin leaving centralized exchanges. On Aug. 29, the quantity of Bitcoin (BTC) held within exchanges saw a decline, reaching its lowest point since January 2018. While various factors might underlie this movement, experts analyzing blockchain data often interpret the shift as a positive indicator. Traders are now questioning what might have been causing Bitcoin’s inability to break above $31,000 since this price action doesn’t align with their view that fewer coins on exchanges is bullish for the BTC price. The perspective on the decline of Bitcoin held at centralized exchanges stems from the notion that when traders withdraw their coins, it signals a bullish sentiment. This is typically associated with a strategy of holding assets in...

Ethereum (ETH) prices are roughly 18% from June 2023 lows at the back of increasing ETH staking and massive withdrawals from centralized cryptocurrency exchanges like Binance and Coinbase.  As of June 25, ETH is changing hands at $1,912, steady in the past two days but trading within a bullish formation following sharp gains this week.  Further buoyed by fundamental factors, traders are confident that there could be more price gains above immediate liquidation levels, including April 2023 highs at $2,100. More ethereum staked According to Etherscan data, there have been over 216,000 transactions that have seen users stake over 25.5 million ETH worth over $48.9 billion at spot rates. Notably, this trajectory has been steadily rising, indicating support from the broader Ethereum community and confidence in the state of the network. You might also like: Ethereum’s zkSync Era reaches $500m in TVL Ethereum recently shifted from a proof-of-work to a proof-of-stak...

Robinhood, a popular trading platform, has announced that its crypto trading volumes plunged in May amidst a regulatory crackdown on centralized entities. Cryptocurrency traders are migrating from centralized exchanges (CEXs) to hybrid exchanges as they offer less restriction.  Amidst the exodus of traders, Tradecurve has stood out, but can it take over from centralized trading platforms? >>Buy TCRV tokens now<< Robinhood trading volumes plunge 68% Robinhood, a trading platform, has reported a decrease in cryptocurrency trading volume in its May report. You might also like: Bitcoin price slips after Fed decision, ethereum price at a critical turning point, Tradecurve bullish The report shows a 43% drop in crypto trading volume from the previous month and a 68% year-over-year drop. As a result, their revenue from crypto trading commissions and fees fell by 22% in May. The decrease in trading volume is due to the U.S. Securities and Exchange Commission...