Backwardation reflects a market condition wherein spot prices trade higher than future prices. Source …
Bitcoin holds $24K as USD taps 3-week lows on eurozone inflation report
Estimates for July inflation across the euro area make for grim reading at 8.9%, with the U.S. dollar rebounding. Source …
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Moelis & Co. co-founder to head new blockchain advisory unit
Moelis & Co.’s John Momtazee stated the firm was unfazed in launching the group amid a crypto bear market, acknowledging that any new “disruptive” tech comes with volatility. Source …
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Thai SEC launches digital hotline for Zipmex users
The investors affected by Zipmex's withdrawals' pause can submit information about their losses via an online forum on the Thai SEC’s official website. Source …
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Buying crypto with credit cards is now indirectly banned in Taiwan
In its note to banking sector, a chief financial regulator likens virtual assets to online gambling. Source …
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‘The market is acting this way because there is no regulation’ says Skale Labs’ co-founder
According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi "supercrash." Source …
SEC objects to XRP holders aiding Ripple defense
As the case against Ripple rages on, the SEC wants to see certain “friends of the court” in support of Ripple be barred from providing legal aid to the defense. Source …
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