Some $175 million in $BTC futures are liquidated in 24 hours, and two execs who jumped ship from a16z start their own crypto-custody firm. LedesmaLyllah reports.
in bitcoin caused traders of both longs and short futures to be affected as $175 million worth of positions was liquidated and $1 billion in open interest was effectively wiped out in the past 24 hours
in Austin, Texas. Last year, the U.S. Securities and Exchange Commission turned down Grayscale's request to convert the bitcoin trust into an ETF. The conversion could help Grayscale eliminate the discount for the product; GBTC's market value is far below the actual value of all the bitcoin it holds. GBTC was trading at aThe chart shows the share of different national currencies in central banks' foreign-exchange reserves since 1999.
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