The team said thin liquidity and automated traders distorted the launch, while Nansen data showed some early buyers sitting on six-figure losses after the memecoin’s debut.
Exporters can use overseas earnings to fund imports directly, bypassing the official foreign-exchange system, the FT reported.
Bitcoin’s price swings have hit a cycle low, squeezed by a market tug-of-war with no clear winner. The traders who once lived off its chaos have taken their risk appetite elsewhere.
The contracts traded just 1.6% apart on average when both markets were active, and traded near $92 and $94 most recently, translating to a more than 300% upside from the IPO price. That fourfold premium also means Unitree could have a blockbuster debut and still… Read More
By Friday afternoon, the mood on commodity trading desks changes. For the first four days of the week, traders have been trying to profit from their bets. By lunch on Friday, however, they’re thinking about how much risk they can tolerate until markets reopen on… Read More
Shiba Inu rose 36% to about $0.0000057 on Sunday, adding roughly a billion dollars to its market value in a day, with no announcement or development to account for it. The token now carries a market cap near $3.4 billion on almost $380 million of… Read More
