It’s All About Crypto Blog
Bitget Reverses Trades
Less than a month ago, Bitget CEO Gracy Chen warned that executing trades at off-market prices could turn an exchange into “FTX 2.0.” She was talking about Hyperliquid at the time. But now Bitget is doing the exact same thing. After abnormal price spikes in the VOXELUSDT perpetual contract, the exchange announced it would reverse trades made during...
Fake Tokens: Why They Exist and How to Avoid Them
At our crypto exchanger, users sometimes send us tokens that bear the same name as legitimate ones — but in reality, they’re not the real thing. For example, someone looking to swap USDT for USDC might send us a token labeled “USDT.” It looks like USDT in their wallet and in the block explorer, but it wasn’t issued by Tether. It’s...
Lombard Finance: Wrapping BTC in Promises
Lombard Finance: Wrapping BTC in Promises Lombard Finance has released an SDK that lets custodial Bitcoin - like the kind stored on exchanges - be put to work in DeFi. The goal? To "activate" idle BTC by converting it into wrapped tokens that can earn yield through DeFi protocols. Sounds good on paper. Why wouldn’t exchanges jump at the chance to turn BTC into LBTC, generate some yield, keep...
Binance Votes to Delist ZEC. Does It Matter?
In my previous post, I pointed out that Binance will likely delist the FTT token - because that’s what users of the exchange voted for. But there's another token in the results of that vote worth paying close attention to: Zcash (ZEC). Binance users also voted to remove it. Frankly, delisting ZEC from platforms like Binance makes sense. Zcash was built around...
FTT: No Company, No Compliance, No Problem
A recent development from the SEC flew under the radar: the Division of Corporation Finance has issued guidance on how U.S. securities laws may apply to crypto assets. The recommendations call for token issuers to disclose extensive information - ranging from how their projects generate revenue, to technical details of the networks, to their ongoing involvement in the crypto...
$5M Unclaimed. 8 Users. What Happened to ZKsync?
Yesterday, the ZKsync team revealed that a compromised admin account had access to around $5 million worth of ZK tokens. According to their statement, these were unclaimed tokens from the ZKsync airdrop. That got me thinking - why did so many airdropped tokens go unclaimed in the first place? Airdrops are usually meant for users who actively engaged with the ecosystem. So... were these users just...
Why the U.S. Might Keep 94K BTC From Bitfinex Hack
Time to revisit the story of the Bitcoins stolen from Bitfinex in 2016 - and later confiscated by the FBI. A quick recap: * Back when Donald Trump was elected president, I suggested the U.S. wouldn’t return the stolen BTC to their rightful owners but would instead use them to build a strategic Bitcoin reserve - something Trump had floated during his campaign...
OM Collapsed - What Crypto Can Learn from It
📉 A 90% drop in the price of OM is hard to ignore - even by crypto standards. OM was ranked among the top 20 cryptocurrencies by market cap, which led many to assume it was “too big to fail.” And yet, the price crashed - from $6.12 to $0.46 in just three hours. Does this mean that in crypto, nothing is truly “too big to...
Where’s That Big DeSci Boom We Were Promised?
Late last year, Decentralized Science (DeSci) was being hyped as crypto’s next frontier. Vitalik Buterin and Changpeng Zhao sang its praises. Ambitious promises were made. But months later, the momentum seems to have stalled. What happened? Is the idea too complex to implement - or is there something fundamentally wrong with it? SO WHAT EVEN IS DESCI? Let’s...
Iraq Has Banned USDT
The Central Bank of Iraq has reportedly outlawed the use of USDT. According to Kurdistan Watch, the move was made under pressure from the U.S., which fears that Tether’s infrastructure might be used to bypass sanctions on Iran. This marks a turning point for the stablecoin market. We’re now seeing the world split into two camps: 🏛 In some countries, USDT is treated...
