POKKET: Crypto Market Update (July 26)
Bitcoin price is +1.7% to $34.5k, ETH is flat at $2150. Movers are DEGO +43%, LINA +25%, FET +23%, RSR +15%, CHR +13%, none on the downside.
FTX has cut out the options for higher leverage, leaving on 20x as the highest amount for traders – this move was made after SBF made a statement to media about how crypto gets a bad rap for volatility and the industry should move towards allowing say 10x max.
Robinhood eyes crypto lending and staking services as its next growth strategy according to their roadshow deck.
Brazilian police have seized $33M in a money laundering scheme, where perps created 17 companies that wired funds among themselves and across crypto exchanges.
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