Layer 1 Avalanche’s AVAX rallied 15% on Thursday following the protocol’s network update called “Banff 8” that went live. LedesmaLyllah reports.
has started offering what it calls “put options” to crypto investors to protect their funds from potential bankruptcy of major exchanges like Binance, Coinbase and Kraken
, CoinDesk learned Wednesday from the company. The put options will protect account holders’ deposits on the above listed exchanges, paying back 100% of the assets in the account if the exchange files for bankruptcy protection within the contract period.to adjust to challenges in the crypto market. The New York-based firm, which specializes in analyzing and tracking crypto transactions for risk-management purposes, said the reorganization will primarily affect its"go-to-market" team.
The Fed raised rates by 25 basis points on Wednesday, lifting the borrowing cost above the core PCE, or core inflation, for the first time since 2019. It shows the central bank has moved closer to a move away from liquidity tightening that roiled the crypto market last year.– Omkar Godbole
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