Bitcoin and crypto stocks slide in AI-led selloff; Wintermute trader stays optimistic

·3 views

A post-election rally in markets reversed quickly as AI-related stocks plunged. Cryptocurrencies fell too but held up comparatively better than the broader sell-off. The downturn triggered a liquidation wave worth roughly $1 billion in crypto positions. A trader at Wintermute nonetheless described the outlook as a 'glass half full' situation.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

US Justice Department forms task force to guard against foreign AI threats

The U.S. Justice Department has assembled a new task force aimed at defending against artificial intelligence threats from abroad. The group will support the recently designated U.S. "SI Force" in countering bad actors. Those actors may be backed by foreign governments, criminal organizations, or engaged in corporate fraud. The article provided does not specify further details about the task force's structure, timeline, or resources.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Who Is TraderTraitor, the Hacking Group Linked to the $6.3 Billion Binance Heist?

CoinDesk profiles TraderTraitor, a hacking group that has been responsible for several of the crypto industry's most recent high-profile thefts. The group is the focus of attention following a reported $6.3 billion heist connected to Binance. The source article provided is brief, so the full details of the attack and its timeline are not covered here. Readers seeking the group's background and methods should refer to the original CoinDesk report.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Standard Chartered and SBI Back Crypto Insurer Soter as Funding Reaches $23.5 Million

Crypto insurance firm Soter has raised $23.5 million in new funding, with backing from Standard Chartered and SBI. The company also received 500 BTC and 2,000 ETH, which together are valued at about $43 million at current prices. The article provided is brief, so further details on the investment terms, timing, or Soter's specific plans are not available here. The round signals continued interest from traditional financial institutions in crypto-focused risk and insurance services.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Where investors stake crypto affects how much of the reward they keep

A CoinDesk piece in its Crypto for Advisors series examines how the choice of staking venue shapes the net returns investors ultimately receive. Staking rewards can be reduced by the fees and commissions charged by different platforms and providers. The article frames this as a practical consideration for advisors guiding clients who hold crypto assets. It highlights that the location and structure of staking can therefore materially influence how much of the earned reward is retained by the investor.

0 comments Read more at CoinDesk