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    Professional crypto software suite 1Token adds support for Deribit derivatives

    1token

    Professional crypto software suite 1Token adds support for Deribit derivatives

    Deribit, the popular bitcoin & crypto options exchange, announced today a new partnership with 1Token, a front-to-back office financial software for crypto institutions. 1Token is the all-in-one financial software for crypto institutions, supporting 20+ blockchains, 100+ DeFi  protocols, and 80+ CeFi & traditional trading venues. Now, 1Token users can trade all derivatives available on Deribit […]

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    Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy

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    Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy

    Crypto hedge fund 3 Arrows Capital is slated to be another pillar piece of 2022’s bear market headlines, joining the likes of brutal bear market moments that include Terra Luna’s downfall and CeFi’s drama. While rumors have swirled for several weeks now about 3AC’s status, limited details with concrete information have been released. That’s evolving to close out this week, as new reports have shown that 3 Arrows Capital is filing for Chapter 15 bankruptcy in New York. A Dozen Headaches & 3 Arrows Makes For Chapter 15 In a bull market, it can all be rainbows and sunshine – and 3 Arrows was certainly seeing that with an AUM at around $10B earlier this year. As the tides have shifted this year, though, so too has the business operations. The unraveling began in early June with speculation that 3AC was failing to make owed payments, headlined by ~$80M owed to derivatives exchange Deribit. Following roughly a week or so of silence from 3AC co-founders Zhu Su and Kyle Davies, Su posted this this tweet, essentially confirming that 3AC was facing serious liquidity issues: We are in the process of communicating with relevant parties and fully committed to working this out — Zhu Su 🔺 (@zhusu) June 15, 2022 It’s been dominos ever since. CeFi platform Voyager Digital stated that they could lose in excess of $650M due to the 3AC collapse, according to the Financial Times; the platform has since suspended withdrawals and trading. Fellow CeFi player BlockFi also sustained roughly $80M in losses, according to the Times. This week, 3 Arrows filed for Chapter 15 bankruptcy in New York, following liquidation as well as regulatory inquiries from Singaporean officials, where the hedge fund is based. Chapter 15 is geared towards addressing “cross-border insolvency.” Strong headwinds for Bitcoin (BTC) this year have exemplified the crypto market’s uphill challenges recently. | Source: BTC-USD on TradingView.com Related Reading | Leading Crypto Exchanges See Negative Funding Rates, Have The Bears Taken Over? State Of CeFi: Pulse Check Centralized finance platforms, commonly referred to as CeFi, aim to take the utility of DeFi and integrate easy-to-use mechanisms and UI to attract more casual consumers with aggressive yields. However, speculation has surrounded a bevy of these firms as speculators suggest that their loans are high-risk and that their liquidity is volatile. Then comes the subsequent problem – where even if liquidity isn’t an immediate issue for a CeFi platform in a downturn, users belief in potential liquidity concerns leads to a bankrun, and now liquidity becomes an issue because of mass withdrawals. Many believe that some CeFi platforms have engaged in riskier processes to generate yield, which adds another layer of complexity, and for platforms with ties to VC firms like 3 Arrows Capital, things only get even cloudier. Related Reading | Can This Bitcoin Ratio Have Hints For A Bottom? Featured image from Pixabay, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

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    delta.theta: new multi-chain P2P options exchange goes live

    AAVE

    delta.theta: new multi-chain P2P options exchange goes live

    crypto basset hound

    Today, the team of delta.theta revealed the official launch of its regulated P2P crypto options exchange. Via partnering with regulated broker Just2trade, the delta.theta platform is able to ensure KYC/AML processes, followed by gaining access to the P2P crypto trading platform. In the newly-launched hybrid DEX platform, individuals will be able to buy and sell […]

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    Bitcoin Price Analysis & Onchain Overview: BTC Starts a Critical Week Amid $50K

    2017

    Bitcoin Price Analysis & Onchain Overview: BTC Starts a Critical Week Amid $50K

    Long-term Technical Analysis: The Monthly Based on the monthly timeframe, the market is not showing any strength yet. Let’s examine the market structure using the trend lines and indicators shown in the following chart. If we compare the current cycle (2021) with the previous one (2017), the RSI indicator is still on its uptrend with […]

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    Low latency crypto trading platform CryptoStruct adds gateway to Deribit derivatives

    blockchain news

    Low latency crypto trading platform CryptoStruct adds gateway to Deribit derivatives

    crypto basset hound

    Deribit, a cryptocurrency derivatives exchange based in Panama, announced today its been integrated into CryptoStruct, which now offers low-latency market data and order entry gateways to Deribit. Through using CryptoStruct’s high-performance strategy framework, clients can now easily scale their trading activity onto another exchange and thereby benefit from higher revenue potentials. “By including Deribit to […]

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