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BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B
BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B Futures tracking major tokens outside of bitcoin and ether saw tens of millions in losses, led by XRP at $39 million in an unusually high move. Dec 6, 2024, 7:13 a.m. UTC (Shutterstock) What to know: Crypto-tracked futures recorded over $1 billion in liquidations in the past 24 hours as bitcoin briefly nosedived from a Thursday record high above $103,000. The data shows that some 89% of all traders affected on OKX (which recorded the highest liquidations) were long traders, or those that bet on higher...
Proof of Operation Chokepoint 2.0
Newly released documents from the FDIC show a concerted federal effort to de-bank crypto companies, showing long-held theories were correct. Updated Dec 6, 2024, 8:43 p.m. UTC Published Dec 6, 2024, 7:49 p.m. UTC So, now we know. Operation Chokepoint 2.0 was real. There really was a co-ordinated federal government effort to de-bank crypto following the collapse of three mid-sized crypto-friendly lenders (Signature, Silvergate and Silicon Valley Bank) in March 2023. The crypto industry, led by VC-commentator Nic Carter, has long suspected and railed against de-banking. But, until today, we didn’t have much documentary evidence. Friday morning, internal communications at...
Banan debuts on TASI today at SAR 8.25/share
Logo of Banan Real Estate Co. Banan Real Estate Co. will list and start trading on the Main Market (TASI) today, Dec. 9, under the symbol 4324 in the real estate management and development sector. The stock will have a 10% daily price fluctuation limit. On Nov. 18, Tadawul approved Banan’s application to transition from the Nomu-Parallel Market to TASI, with SAR 200 million in capital, divided into 200 million shares, at a par value of SAR 1 a share, according to data available with Argaam . The stock’s last price on Nomu was SAR 8.25, which will be its...