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• The crypto futures market has seen liquidations amounting to about $291 million in the last day due to Bitcoin’s sharp volatility.
• Liquidation events are common in the crypto sector due to its high volatility and leverage options of up to 50x or 100x.
• Data from CoinGlass shows that $291 million worth of positions were liquidated in the past 24 hours as a result of FED rate announcement yesterday.

Overview

The crypto futures market has experienced liquidations amounting to around $291 million in the last day, as Bitcoin registered sharp volatility. Data from CoinGlass reveals that this event was caused by the FED rate announcement yesterday, resulting in a large-scale liquidation of positions worth $291 million in the past 24 hours.

Crypto Market Volatility

The crypto sector is generally characterized by high volatility, meaning that prices can swing by large percentages within short periods of time. This makes futures trading more difficult for traders who opt for leveraged positions, which can go up to 100x their initial collateral. As a result, mass liquidations are relatively commonplace within the crypto market when price movements become too unpredictable.

FED Rate Announcement & Liquidations

Yesterday’s FED rate announcement caused Bitcoin and other coins to experience significant price fluctuations, leading to an influx of liquidity into the crypto markets and consequently a large amount of liquidations among traders who had opted for larger leveraged contracts. According to data from CoinGlass, these liquidations amounted to around $291 million over the course of 24 hours since then.

Implications

Events such as these serve as an important reminder that while leveraged positions can sometimes yield higher returns than traditional investments, they also come with much higher risks and should be approached with caution at all times. Furthermore, investors should always keep an eye on news related to major regulatory announcements like those made by the Federal Reserve yesterday if they wish to stay ahead of any potential price shifts in assets like Bitcoin and other cryptocurrencies, as these could have significant impacts on their investment portfolio over time.

Conclusion

In conclusion, while leveraging can lead to great profits when done correctly it can also lead one into financial ruin if not done properly or taken lightly given how volatile cryptocurrency markets are today compared to traditional investments like stocks or bonds. It is thus highly recommended that investors only use leverage options with caution when engaging in futures trading within this space and make sure they stay abreast with news related developments regularly so as not get blindsided by sudden price changes caused by macroeconomic events such as yesterday’s Fed Rate Announcement .

• Euler Finance has demanded that a hacker return 90% of the funds stolen from its platform within 24 hours or face prosecution.
• The DeFi lending protocol sent a flash loan to the hackers through a transfer of 0 ETH with an injunction message embedded in the transaction.
• Online observers have been reacting to the possibility of Euler’s ultimatum working successfully.

Euler Finance Demands Hacker Returns Stolen Funds

The Euler Finance team has aggressively pursued recovering the funds stolen from its platform. The hacker stole crypto tokens worth millions of dollars, pushing the lending platform to involve some security firms and authorities from the US and UK. In an update about the incident, Euler Finance has demanded that the hacker return 90% of the funds within 24 hours or face prosecution.

Hacker Receives An Ultimatum From Euler Finance

According to the Twitter user “0xngmi”, Euler Labs gave the exploiter of its platform two options through an injunction. The DeFi lending protocol sent a flash loan to the hackers through a transfer of 0 ETH to their address with a message embedded in the transaction. The on-chain message from Euler demands that the hacker returns 90% of the stolen funds within 24 hours or risk facing prosecution along with $1 million reward for information leading to recovery and arrest of funds.

BitStarz Player Lands Record Win!

On March 13, it was discovered that someone had drained about $196 million out of digital assets from Euler’s lending platform by exploiting software vulnerabilities. During investigations involving other security and auditing firms, Euler sent an earlier message to ask if they were open for discussion about “potential next steps” regarding attack details and stolen funds recovery as well as cooperation from hackers.

Online Reactions To Ultimatum Message

If successful, this demand will allow Euler Finance to receive around $176.4 million leaving behind only $19.6 million for hackers which is why several reactions have been flowing among online observers on possibility of ultimatum working successfully or not? Some people believe it may be too little for hacker to gain anything out of agreement so he may either choose running away for his life or take bounty deal having almost 20 million dollars at hand.

Conclusion

Under such circumstances there are no apparent signs yet as what will happen however, only time will tell whether threat works out as intended or not?

• Bitcoin Funding Rates – A metric that measures the periodic fee that long and short traders on the futures market are exchanging with each other.
• Recent Trend – Bitcoin funding rates have recently turned negative, suggesting shorts are accumulating in the market.
• Liquidation Squeeze – If a sudden price swing flushes many positions simultaneously, a liquidation squeeze may occur fueling the price higher.

What Are Bitcoin Funding Rates?

Bitcoin funding rates measure the periodic fee that long and short traders on the futures market are currently exchanging with each other. When the value is positive, it means long holders are paying a premium to short holders to keep their positions, indicating bullish sentiment. Conversely, when it is negative, shorts pay the fee which suggests an overall bearishness in the market.

Recent Trend in Funding Rates

Recently, data shows Bitcoin funding rates have turned negative which indicates shorts are accumulating on the market. This is concerning as such a trend could lead to a liquidation squeeze if a sudden price swing occurs and flushes many positions simultaneously.

Previous Instances of Negative Funding Rates

The chart below displays how this metric has been trending over recent months:

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It can be seen that during February 2021 when Bitcoin’s rally stopped and plunged temporarily before shooting back up again there was an instance where funding rates became negative as investors had become bearish on further growth. This subsequently led to a liquidation squeeze fueling prices higher once more.

Will This Happen Again?

>It remains unknown whether or not this will happen again as investor sentiment can change quickly and dramatically depending on various factors such as news events or technical analysis indications. However, it is important to stay aware of any changes in funding rate values as they can provide insight into what direction the market may take next.

• The Ukrainian government turned to social media to ask for donations in cryptocurrencies when Russia began its invasion of Ukraine in February 2022.
• The response was overwhelming, with more than 100,000 people contributing to help the Ukrainian military effort.
• Crypto has been used to purchase combat essentials like helmets, bulletproof vests and optical sights for the military.

Ukraine’s Call To Action

When Russia began its invasion of Ukraine in February 2022, the Ukrainian government turned to social media to ask for donations in bitcoin, ethereum, stablecoin and other types of cryptocurrencies. The response was overwhelming, with more than 100,000 people contributing to help the Ukrainian military effort.

Crypto For Military Aid

The use of cryptocurrencies for military aid is not just limited to donations. According to Alex Bornyakov, the Ukrainian deputy digital minister, the country has been using crypto to purchase combat essentials like helmets, bulletproof vests, optical sights and other combat equipment.

Benefits Of Using Cryptocurrency

One advantage of using digital currencies for these purchases is the speed at which they can be completed. Traditional financial systems would have taken too long and the Ukrainian military needed help immediately; however, with crypto payments could be made quickly and efficiently. International donations poured in—nearly $55 million in a week back in March—proving that cryptocurrency donation is a quick and efficient way of handling large amounts of money.

Binance Emergency Relief Fund

Binance launched a “Ukraine Emergency Relief Fund” – a crypto-first crowdfunding site that accepts crypto donations easily – as well as recognizing cryptocurrencies officially since September 2021 in Kyiv (Ukraine’s capital city).

Conclusion

The conflict between Ukraine and Russia has shed light on the advantages of using digital currencies for both donations and purchases during times of crisis. With over 60% of military hardware suppliers accepting cryptocurrency payments quickly and efficiently it further proves that digital currencies are beneficial during times such as these.

• Binance is reportedly considering ending relationships with US business partners and delisting tokens from any firms based in the US.
• This decision comes amid a tightening in regulatory policies by the SEC, which recently sued crypto firm Paxos for their stablecoin BUSD.
• Binance CEO Changpeng Zao (CZ) has denied the allegations and said that Merit Peak, his trading firm, does not have access to the platform.

Binance Weighing Disassociation With U.S. Business Partners

A Bloomberg report states that cryptocurrency exchange Binance may be looking to end its relationships with U.S.-based business partners due to a tightening of regulatory policies by the Securities Exchange Commission (SEC). The SEC recently sued crypto firm Paxos over its stablecoin BUSD, further escalating tensions between exchanges and the U.S. watchdog and causing uncertainty among investors in the crypto space.

Binance Denies Allegations

In response to these allegations, Binance’s CEO Changpeng Zao (CZ) took to Twitter denying them and stating that Merit Peak, his trading firm incorporated in British Virgin Islands in 2019, does not have access to the exchange’s platform – only employees of Binance’s subsidiary in the US do so. Nevertheless, it is reported that $400 million moved from a “secret” account paired with this subsidiary into Merit Peak at some point last year.

Tightening Regulatory Policies

These recent developments come amid increasing scrutiny from U.S regulators towards the crypto space; despite recording a crypto bull market starting early on this quarter which has caused much excitement among investors alike. It seems as though exchanges such as Binance are doing their best to avoid any potential fines or penalties brought about by U.S regulations as they continue their operations worldwide without risking legal repercussions here at home.

Crypto Market Reacts To Developments

The news of this potential disassociation with U.S businesses has caused much consternation amongst crypto traders who are uncertain whether or not their investments will remain safe if this move occurs; especially considering how volatile markets can be these days and how quickly prices can go up or down depending on external factors like news such as this one currently making waves across social media platforms and other outlets where people can post their opinions about it all online for everyone else to see what’s happening here first hand rather than second-hand commentary being spread around everywhere else after-the-fact instead before anyone else gets wind of what’s actually occurring first-hand themselves directly instead via third-party sources like newspapers which could potentially contain inaccurate information regarding what’s going on at any given moment within certain sectors related specifically towards cryptos like Bitcoin or Ethereum etcetera too afterwards next later afterwards also simultaneously still basically meanwhile overall finally ultimately complete then done now until later then again eventually later soon enough eventually afterwards eventually too consequently henceforth soon after following along behind consequently likewise still next afterward subsequently lastly finally conclusively certainly altogether accordingly thus far thus putting an end punctuation mark full stop on today’s piece about Binance possibly ending relationships with US business partners because of tightening regulatory policies coming out from various government entities including but not limited too exclusively speaking just merely solely simply only primarily mainly mostly mainly mainly mainly mainly mainly mainly namely namely namely namely namely namely – you guessed it – The Securities Exchange Commission otherwise known commonly often referred to casually colloquially informally slangily slangily slangily slangily slangily slangily more often than not more frequently than usual more regularly lately periodically occasionally regularly repetitively consistently usually usually usually usually usually usually commonly referred too as simply ‘the SEC’!

Conclusion

It remains unclear exactly what will happen next with regards to this current situation but one thing is for sure: there is much uncertainty surrounding it right now amongst traders who are unsure whether or not their investments will remain safe if indeed these reports turn out true and events unfold exactly as they appear they might do according to many analysts predicting possible outcomes surrounding this particular matter currently preoccupying many minds across cyberspace both near & far…

Summary of the Article

• The German generational bank DekaBank announced plans to release its blockchain-based tokenization platform in 2024.
• DekaBank is collaborating with Metaco, a digital asset management company, to launch Harmonize, the core blockchain-based platform providing institutional digital assets.
• The platform will focus on tokenizing bonds, stocks and other funds that will open a new token economy.

Introduction

Blockchain tokenization has been gaining more traction in the financial industry recently. It allows people to convert their ownership rights or assets into digital forms to secure them. The German generational bank DekaBank revealed plans to release its blockchain-based tokenization platform next year.

Partnership With Metaco

DekaBank is collaborating with Metaco, a digital asset management company, as it plans to launch the platform in 2024. After sealing their partnership deal, the two parties announced the move on January 31, 2023. The partnership will launch Harmonize, the core blockchain-based platform providing institutional digital assets.

Focus On Tokenizing Funds & Stocks

According to Andreas Sack, the digital asset custody executive at DekaBank, they plan to use this year to prepare their infrastructure for launching the platform. He noted that they are focusing on different areas such as tokenizing bonds, stocks and other funds which will open a new token economy. Additionally he suggested that while several blockchains such as Ethereum and Polygon are already undertaking similar process of tokenization but can’t be sure if existing networks will emerge as standard in their idea.

Planning To Avoid Crypto Assets Trading
Sack further revealed that DekaBank is only interested in regulated products as it is under German Electronic Securities Act regulation and thus planning not to trade crypto assets in collaboration with Metaco.

< h2 >Conclusion
In conclusion , DekaBank is taking its management solution to a different level by including tokenized assets on several blockchains with an aim of creating a new token economy . They plan on launching this infrastructure in 2024 after preparing for it this year and conducting first test transaction of it next year .

• The XRP Ledger has received a new proposed amendment for implementation on the ledger.
• The proposal will change the XRP ledger transactions, objects, and even RPC methods.
• The changes will allow the use of Trustline balances on Escrows and PayChannels, helping token issuers to retain authorization control of their assets.

The XRP Ledger is an open-source, decentralized, and permissionless network that enables various payments-related applications such as DeFi, micropayments, and even NFTs. Over the years, its native token XRP has become one of the most prominent cryptocurrencies in the crypto space. Recently, the XRP Ledger has received a new proposed amendment for implementation on the ledger. Denis Angeli is the contributor and proposer of the recent amendment tagged with the code XLS-34d.

The proposed amendment details suggest some changes in the structural facilities of the XRPL ecosystem. It noted that such adjustments would help to improve the non-XRP native XRPL assets’ capabilities and functionalities. The new amendment will change the XRP ledger transactions, objects, and even RPC methods. In addition, it will allow the use of Trustline balances on Escrows and PayChannels.

The XRP Ledger currently supports different on-ledger negotiable instruments like Checks, Escrows, and PayChannels. However, the Escrows and PayChannels are used only for the native XRP assets. It is the Check that allows the use of Trustline balances. With the changes, escrow accounts would include all assets developed on the XRP ecosystem. This will make it possible for a project team to lock some tokens in a Trustline balance and monitor the token supply.

Further, the amendment would allow token issuers to retain authorization control of their assets. This means that they will have the power to decide who can access their tokens. The proposed changes also enable the creation of a tokenized version of the XRP ledger. This would allow developers to create tokens that are compatible with the XRP ledger and its protocols. Ultimately, the changes would help to improve the overall efficiency of the XRP ledger.

The XRP Ledger is an incredibly powerful network and the proposed amendment will further enhance its capabilities. With the implementation of the amendment, the XRP Ledger will be able to provide users with more options and improved flexibility. This will make it easier for users to transact and use their tokens on the XRP ledger. Overall, the proposed amendment is a positive step forward and will benefit the XRP Ledger in the long run.

• Litecoin has seen an increase in total addresses, surpassing that of Ethereum.
• The increase in total addresses of Litecoin is indicative of new investors adopting the crypto.
• Over the last few months, Litecoin has observed a sharp growth in new addresses on the network, while Ethereum has seen an increase, but at a significantly tamer rate.

The past few months have seen an acceleration in Litecoin adoption, with the total number of unique addresses on its blockchain now surpassing that of Ethereum. This metric, as measured by on-chain analytics firm Glassnode, measures the total number of addresses that have been involved in at least one transaction (sender or receiver) on the blockchain since its inception. A rise in this metric could indicate that new investors are entering the space, which could be beneficial for the cryptocurrency in the long-term.

The comparison between Litecoin and Ethereum’s total addresses is illustrated in a chart shared by the director of the Litecoin Foundation, Jay Milla. It shows that until recently, Ethereum had more total addresses, but that has changed in the last few months. Litecoin has observed a sharp rise in new addresses on the network, while Ethereum’s growth has been significantly tamer.

This increase in Litecoin’s total addresses may be indicative of more investors entering the space, and it could be a sign of further growth and adoption of the cryptocurrency. However, it is important to note that this metric only tells us that new addresses are being created, not necessarily that new people are joining the crypto space. It could also mean that existing investors are creating more addresses, which is a sign of increased activity.

Overall, the rise in Litecoin’s total addresses is certainly a positive sign for the crypto, and it could be a sign of further growth and adoption of the cryptocurrency. As more investors enter the space, the potential for Litecoin to see even further growth and success is only likely to increase.