It goes without saying that there is no shortage of crypto news these days, particularly when most currencies and platforms continue to evolve at a rapid pace. Such stories often make it possible for investors and active traders to further their knowledge on the industry as a whole, and plan their next big moves and strategies more effectively. With that focus in mind, let’s take a look at some of the most recent updates in the crypto sphere from the last few months that you need to know about.
First of all, options traders recently had their stocks boosted due to the fluctuations of Bitcoin’s price. Taking just the right timing that has come of this matter has enabled many valuable chances for them to go spot-ETF trading and also active risk management.
The most recent attack to hit the industry was the Curve breach, which saw millions of tokens siphon away from their custody. While it’s certainly worrying, light has been brought back to this area as almost 73% of the stolen assets have been recovered.
Recently, Huobi investors took some concern after a Nansen.ai report stated that cash had been withdrawn to the tune of around $48.8 Million in stablecoins in the past seven days. Despite this, Huobi has vehemently denied this chain of events.
The news coming from Miami has been more optimistic, with Mayor Francis Suarez firmly backing the crypto market after introducing various government initiatives into the space, as well as announcing that he would be accepting fundraiser donations in Bitcoin. Afterwards, he clearly made a point to speak highly of blockchain and its growing reality.
Lastly, there is the protocol upgrade which made headlines week, and it’s been said to be the latest and most likely the strongest catalyst inducing the 49% rise in deals we’re experiencing. This attitude swells with more investors interested incryptocurrencies, bringing about new technologies while being welcomed by engineers and customers alike.
