Finance Redefined: Bitcoin (BTC) manipulation allegations countered, ETF ends 5-week outflow

robot
Abstract generation in progress

According to CoinWorld.com, quantitative trading firm Jane Street was accused of using insider trading to exacerbate the collapse of the Terra ecosystem in May 2022, and the market rumored that it focused on selling Bitcoin at 10 a.m. every day, but analysts pointed out that the data did not show continued manipulation. At the same time, the net inflow of US spot Bitcoin ETFs exceeded $1 billion for three consecutive days, and market sentiment picked up. Ethereum co-founder Vitalik Buterin recently sold about 17,000 ETH, worth about $45 million, to support privacy projects. Corporate Ethereum holder Bitmine faced a floating loss of up to $8.8 billion due to the decline in ETH prices, but continued to increase its holdings. DeFi protocol Aave’s cumulative borrowing volume exceeded $1 trillion, setting an industry milestone. The founder of Curve Finance calls for DeFi protocols to rely on real revenue rather than token inflation incentives to attract liquidity.

BTC-6.21%
ETH-8.84%
AAVE-12.01%
CRV-9.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)