Cryptocurrency trading
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X @Poloniex Exchange
Poloniex Exchange· 2026-03-22 13:35
RT Don Ptylex (@DPtylex_Gmi)When Trading Costs Drop to Zero, Strategy Starts to Matter More Than FeesIn crypto trading, most people spend their time perfecting entries, exits, indicators, and leverage.But there is one factor that quietly reduces performance over time, no matter how good your strategy is:transaction fees.They don’t look dangerous at first.A fraction of a percent here, a small deduction there.But after hundreds of trades, those tiny cuts become a serious loss of capital.That’s why the recent ...
UXLink Hacker Tries to Trade Stolen ETH Like a Pro — Ends Up Losing Most of It
Yahoo Finance· 2026-03-21 12:07
Core Insights - The hacker behind the UXLink breach has demonstrated poor trading skills despite stealing tens of millions in cryptocurrency [1][4] - The exploiter has engaged in high-risk trading activities over the past six months, primarily involving ETH and stablecoins, but has only recently managed to return to breakeven [2][9] Summary by Sections Breach and Initial Exploit - The UXLink exploit occurred in September 2025, where a smart contract vulnerability allowed the hacker to drain approximately $11.3 million in assets, including $4 million in USDT and $3.7 million in wrapped Bitcoin [10][11] - The hacker also minted billions of UXLINK tokens, generating an additional $28 million in ETH, leading to a total haul of between $30 million and $40 million [11] Trading Activity - The exploiter has conducted nearly 625 individual transactions, frequently swapping between ETH and DAI on decentralized exchanges [2][3] - The trading strategy involved buying into dips and holding through volatility, often exiting positions only when prices approached breakeven [5][4] Financial Performance - Despite the extensive trading activity, the exploiter has not achieved sustained gains beyond the original stolen funds, with the wallet at times showing losses of up to $4 million [8][9] - The trading results have been characterized by repeated losses, with the exploiter only recently managing to stabilize their position [1][4]
MEXC Launches BP Launchpad With 70% Discount for New Users
Globenewswire· 2026-03-17 10:00
VICTORIA, Seychelles, March 17, 2026 (GLOBE NEWSWIRE) -- MEXC, the world's fastest-growing digital asset exchange and a pioneer of true zero-fee trading, has launched the BP Launchpad, offering new and existing users the opportunity to share 130,000 BP across three subscription pools, with new users eligible for a 70% discount and all users eligible for a 50% discount via USDT and USD1 subscription pools. Event Details Pool 1: New User Exclusive – Subscribe with USDT to Share 70,000 BPNew users can subscri ...
Vietnam firms vie for crypto licences as Hanoi plans ban on overseas trading
Yahoo Finance· 2026-03-17 06:15
By Khanh Vu and Phuong Nguyen HANOI, March 17 (Reuters) - Vietnamese companies are competing to launch the country's first licensed cryptocurrency exchanges as the government moves to curb trading on overseas platforms in one of the world's most active crypto markets. Hanoi plans to roll out a pilot scheme for locally run digital asset exchanges as soon as this month, according to a government resolution issued in February, as part of a broader effort to tighten oversight of crypto trading and capital ...
How to trade crypto: A step-by-step guide
Yahoo Finance· 2026-03-13 15:10
Core Insights - The cryptocurrency market has evolved from a niche experiment to a mainstream investment, now valued at over $2 trillion with thousands of digital assets available [1] Group 1: Understanding Crypto - Cryptocurrency allows for the transfer of value without traditional financial institutions, functioning as a digital asset [2] - Investors are drawn to crypto for potential price appreciation, portfolio diversification, and passive income through staking [3] - The volatility of digital assets is significant, with prices capable of drastic changes in a single day [4] Group 2: How Crypto Works - Cryptocurrencies operate on blockchains, which are decentralized ledgers maintained by multiple computers [5] - Each cryptocurrency has its own blockchain or utilizes existing ones, with Ethereum supporting smart contracts and Solana hosting various tokens [6] Group 3: Trading Goals and Strategies - Defining trading goals is crucial, whether for short-term profits, long-term growth, or passive income [8] - Common trading strategies include dollar-cost averaging, swing trading, breakout trading, scalping, and arbitrage [13] Group 4: Choosing a Trading Platform - Selecting a trading platform is essential, as it affects fees, security, and available features [12] - Crypto exchanges like Coinbase and Kraken offer a wide range of coins and trading tools, while payment apps provide easier access for beginners [22] Group 5: Selecting Cryptocurrencies - Beginners are advised to focus on major cryptocurrencies like Bitcoin and Ethereum due to their market capitalization and network strength [24] - Trading on platforms with high daily volume reduces the risk of slippage [25] Group 6: Placing Trades - Placing a trade involves selecting the asset, amount, and order type, with common types including market orders, limit orders, and stop-loss orders [30] Group 7: Monitoring and Protecting Investments - Regularly monitoring trades is necessary in the 24/7 crypto market to identify patterns and adjust strategies [32] - For long-term holdings, using a hardware wallet is recommended for security, while active traders may keep a smaller balance on exchanges [36] Group 8: Risk Management - Effective risk management is vital, with recommendations to use stop-loss orders and avoid excessive leverage [38] - Setting clear profit targets and loss limits before trades can help manage risks effectively [40] Group 9: Tax Considerations - In the U.S., crypto transactions can create taxable events, necessitating careful record-keeping for accurate tax reporting [41] - Changes in tax reporting requirements are expected, with brokers needing to report digital asset sales starting in 2025 [42]
Will SoFi Become a $30 Stock Again or Keep Languishing Below $20?
Yahoo Finance· 2026-03-12 15:26
Core Viewpoint - SoFi Technologies (SOFI) stock has significantly declined, currently trading below $20, down 46% from its 52-week high of $32.73, raising questions about its ability to recover above $30 [2][6]. Group 1: Stock Performance - SOFI stock is currently down 46% from its 52-week high of $32.73 and has underperformed this year [2]. - The stock was characterized as ripe for correction due to stretched valuations last year [6]. Group 2: Capital Raising and Market Sentiment - SoFi raised $1.5 billion in early December by pricing shares at $27.50, which was a discount to the prevailing stock price at that time, but this decision is viewed as wise for future growth [6]. - The selloff in SoFi's stock can also be linked to negative sentiments towards cryptocurrency, especially after the relaunch of its cryptocurrency trading business in November, which coincided with a weak digital asset market [7]. Group 3: Earnings and Market Conditions - Despite posting strong fourth-quarter numbers for 2025, SoFi's earnings report did not positively impact the stock price, which fell even after beating estimates [8]. - Broader market conditions, including the ongoing Iran war, have negatively affected SoFi, which is considered a high beta stock, and there are concerns regarding the company's credit quality amid a deteriorating macro environment [8]. - SoFi missed the opportunity to join the S&P 500 Index, which added other companies instead, further impacting market perception [8].
Metaplanet Sets Up $25M Ventures Arm, Bitcoin Capital Markets Unit Via 2 Subsidiaries
Yahoo Finance· 2026-03-12 08:50
Core Insights - Metaplanet, a major corporate Bitcoin holder with 35,102 BTC, is expanding its operations by launching two new subsidiaries [1][3] - The subsidiaries include Metaplanet Ventures K.K., a venture fund, and Metaplanet Asset Management, a Bitcoin capital markets platform [3][7] Metaplanet Ventures K.K. - The venture fund plans to invest ¥4 billion (approximately $25 million) into startups focused on Bitcoin-related financial infrastructure in Japan [4] - Targeted segments for investment include lending, payments, custody, stablecoins, derivatives, and compliance technology [4] - The first planned investment is up to ¥400 million into JPYC, Japan's licensed yen stablecoin issuer, coinciding with recent developments in the Japanese crypto ecosystem [5] Metaplanet Asset Management - This subsidiary will focus on building digital credit and Bitcoin capital markets products, including yield strategies, equity and credit exposures, and volatility/derivatives instruments [8] - The platform aims to bridge capital flows between Asian and Western markets, addressing fragmentation in global cryptocurrency trading [8] Additional Initiatives - Metaplanet Ventures will also launch an incubator program for early-stage Japanese founders and establish a grants initiative to support open-source Bitcoin developers, educators, and researchers [7]
CME Group (CME) to Launch 24/7 Regulated Cryptocurrency Trading Access
Yahoo Finance· 2026-02-28 12:32
Group 1 - CME Group announced the launch of 24/7 regulated cryptocurrency trading access starting May 29, 2026, pending regulatory review, allowing clients to manage trades more effectively [1] - The always-on access to regulated cryptocurrency products enables clients to manage exposure and trade confidently at any time [2] - Bank of America raised the target price for CME Group from $229 to $232 while maintaining an Underperform rating, citing high commodity volumes but offset by increased expenses [3] Group 2 - An insider transaction occurred on February 23, 2026, where Director Bryan Durkin sold 4,200 shares valued at $1,300,530, resulting in a -9% change in his ownership value [4] - CME Group operates four major exchanges: CME, CBOT, NYMEX, and COMEX, and is headquartered in Illinois [4]
Bitcoin, Ethereum, XRP, Dogecoin Flat As Iran Tensions Rise: Analyst Identifies 'Resistance To Clear' For A BTC 'Breakout' - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)
Benzinga· 2026-02-20 01:59
Cryptocurrency Market Overview - Leading cryptocurrencies, including Bitcoin and Ethereum, experienced sideways movement with Bitcoin trading around $60,000 and Ethereum in the high $1,900s region, awaiting a breakout above $2,000 [2][3] - The global cryptocurrency market capitalization decreased by 0.95% to $2.30 trillion over the past 24 hours [4] Market Activity - Over $160 million was liquidated from the cryptocurrency market in the last 24 hours, with $105 million in bullish long positions erased [2] - Bitcoin's open interest rose by 1.38%, indicating an increase in short positions, although most investors on Binance remained long on BTC [3] Company Performance - Shares of cryptocurrency-related companies, such as Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), saw gains of 3.39% and 1.15%, respectively [2] Ethereum Whale Activity - CryptoQuant reported that Ethereum's accumulating whales showed no selling behavior, indicating strong long-term confidence in ETH, with buying activity at lower prices [7] Technical Analysis - Bitcoin is consolidating within a descending channel, with $67,000 identified as a key resistance level for a potential breakout [8]