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Blockchain

CEXs Face Claims Of Massive Liquidation Undercounts


Today in crypto, following a massive crypto crash over the weekend, Hyperliquid CEO Jeff Yan and data platform CoinGlass warned that the liquidation reporting method used by centralized exchanges, such as Binance, may undercount actual liquidations, the US government entered its third week of shutdown, with the decision of 16 crypto ETFs hanging in the balance, and US and China representatives signal easing trade tensions.

Centralized exchanges face claims of massive liquidation undercounts

Hyperliquid co-founder and CEO Jeff Yan claimed that the way…



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

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by Tech In Asia

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