QUICK TAKEAfter analyzing the 50 largest cryptocurrencies, The Risk Protocol said it has created “sophisticated” statistical models to more accurately predict volatility.“Hedging that works in traditional finance might make things worse in crypto,” according to company’s CEO.QUICK TAKEAfter analyzing the 50 largest cryptocurrencies, The Risk Protocol said it has created “sophisticated” statistical models to more accurately...
Vitalik Buterin, a co-founder of the Ethereum blockchain, liquidated a portion of his altcoin holdings this week, saying later that the tokens had "no cultural or moral value."Buterin sold 9.9 billion CULT tokens, the native token of the CultDAO, for 58 ether (ETH). He also sold his BITE and MOPS holdings, according to blockchain analyst PeckShield. In total, the sales added up to 220 ether, which is worth $332,420 at current prices....
USD Coin (USDC) fell under 90 cents on Saturday amid little respite for the token’s recovery as traders likely fled to other stablecoins to protect capital.USDC traded at 87 cents in Asian morning hours, reaching lifetime lows. It has since rebounded to just over 90 cents as of Asian evening hours.Some traders bet on a gradual recovery to the $1 mark, buying the relatively cheap USDC for a potential 10% gain should the tokens repeg to the ...