Crypto News Live Update October 26: Crypto Liquidation Crosses $1 Billion As BTC Jumps By
Crypto News Today Live Updates October and Latest News: (26 October 2022) The Global digital asset market printed green indexes on Wednesday morning. This portrays positive signs of the market from investors and traders.
The cumulative crypto market cap is up by almost 5% over the past day. It stands at around $977.5 billion. However, the 24 hour trading volume has jumped by a whopping 196% to stand at $151.2 billion.
The global stock market gave out mixed sentiments as Asian indexes surged while US futures fell.
Crypto Liquidation Crosses $1 Billion
The Total crypto liquidation in the last 24 hours has breached the $1 billion mark. As per the data, the largest single liquidation order happened on Okex crypto exchange ETH-USDT-SWAP value $3.05M.
Singapore’s MAS Proposes Measures For Crypto Trading, Stablecoins
The Monetary Authority of Singapore (MAS) proposes regulatory measures to reduce risks in crypto trading and stablecoins for transactions in digital asset industry. The regulations will prevent retail investors from using credit cards and leverage for crypto trading. Moreover, the MAS will help support stablecoins as medium of exchange.
SBF Plans New Funding Round For New Acquisitions
Sam Bankman-Fried, CEO of crypto exchange FTX plans a new funding round to raise capital for new acquisitions. He believes the acquisitions offers opportunity to boost retail user base. However, he no longer plans to go for bailout-type acquisitions.
Whales Pushing Ethereum Price
Ethereum, the world’s second largest cryptocurrency prices skyrocketed by over 10% on Wednesday. ETH prices hit the $1,500 mark for the first time after the Merge event.
As per reports, an ETH whale wallet inactive for over 6 years moved $22.2 million worth of Ethereum to an empty wallet.
Crypto Market Surges By 5%
The Global digital asset market printed green indexes as the biggest cryptos like Bitcoin and Ethereum surged over 4% and 10% respectively.
The cumulative crypto market cap is up by almost 5% over the past day. It stands at around $977.5 billion.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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