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The events of the last weekend have left a lot of Crypto.com users confused. The mobile app suddenly started displaying asset prices as being much higher than their actual market price. An internal system tool detected incorrect prices for LUNA, which some customers were able to exploit to turn 30–40x profits.
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Continue reading Crypto.com Reverses LUNA Trades Made During Friday 13th Glitch at DailyCoin
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Not all Bored Apes bring wealth and joy. Some of them come with losses.
An interesting situation appeared this Sunday on OpenSea marketplace, where Bored Ape #6464 NFT was sold for 200 USDC or $200. Soon after the same NFT returned to the marketplace, but with a much higher price of 200 ETH ($407.8K).
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Continue reading Bored Ape Sold For x1000 Lower Price at DailyCoin
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Since the Fed’s recent rate hike, Bitcoin and the broader crypto market have faced increased pressure, forcing investors to turn away from equities and cryptocurrencies’ riskier assets.
The initial impact of the rate hike saw the price of cryptocurrencies crash alongside equities. The first round of sell-off saw the price of Bitcoin fall 9% approximately after the Fed’s announcement.
However, the sell-off only worsened as the peg of TerraUSD (UST) broke. The crypto market was sent into total mayhem following the subsequent UST peg loss and Terra’s (LUNA) 99% fall.
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Continue reading Inflation Fears Intensifies Sell-Off, Forcing Bitcoin Below $27,000 at DailyCoin
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