Kaiko Research: Monthly Market Report March 2021

Yet another Japan-based cryptocurrency exchange has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. The licensed exchange, called Zaif, is operated by the Tech Bureau. It said on Thursday that the exchange first noticed an unusual outflow of funds on the platform around 17:00 Japan time on September…

BitMEX's website, accessed from the U.S. Thursday, was explicit that its "100x" trading products are prohibited in "restricted jurisdictions." (BitMEX)Four years ago, when the Seychelles-based cryptocurrency exchange BitMEX announced a new product called the “perpetual bitcoin leveraged swap,” few traders in nascent digital-asset markets could have anticipated what a major impact the obscure roll-out would…

Shiba inu (SHIB) tokens slumped some 9% in the past 24 hours as users widely reported bridging issues after the much-hyped Shibarium network went live late on Wednesday.Blockchain data shows transactions on the network were stalled for at least five hours as of writing time. Users had transferred 954 ether (ETH), worth $1.7 million at…

Interest in Dogecoin futures is approaching all-time highs from April, with a 33% increase in open interest since Sunday, now standing at 8 billion tokens. Traders are attributing this price movement to Trump's popularity and the potential establishment of a "Department of Government Efficiency" (D.O.G.E). Elon Musk's discussions on creating a D.O.G.E. for government efficiency

Bitcoin (BTC) contrarian bets were seemingly proven right as the much-awaited approval of a spot exchange-traded fund (ETF) turned out to be a “sell-the-news” event, one that analysts previously warned was possible given the token’s rapid price appreciation in the past months.“Sell the news” is a well-known term in capital markets and describes how asset

Sep 14, 2020 at 16:00 UTCUpdated Sep 14, 2020 at 16:26 UTCThe hacker was exposed sometime on Monday. (MichaelMaggs/Wikimedia Commons)DeFi Lender bZx Reclaims $8M Stolen in Sunday’s AttackDecentralized finance (DeFi) lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug…

news The U.S. Securities and Exchange Commission (SEC) has begun proceedings to determine whether it should approve a proposed bitcoin exchange-traded fund (ETF). According to a public filing published Tuesday, the SEC has begun evaluating the proposed rule change to allow NYSE Arca to list and trade shares of Wilshire Phoenix’s Bitcoin and Treasury Investment…

Sometime in the next few weeks, the Republicans and Democrats will announce their respective presidential candidates' running mates as the U.S. gears up for the November election.On crypto-based prediction platform Polymarket, there's currently $13.7 million pledged toward figuring out who the Republican vice presidential candidate might be, but the market is far from forming a

Asset managers Invesco and Galaxy will charge investors a 0.25% management fee on its proposed spot ether (ETH) exchange-traded fund (ETF) if and when it is rolled out. This is just slightly higher than VanEck’s 0.20%, which was disclosed last month. With eight issuers looking to launch an ether ETF at the same time, fees