Latest news with #MuyaoShen
Bloomberg
13-05-2025
- Business
- Bloomberg
Hyperliquid Grows Into a Major Player in Crypto Derivatives
Muyao Shen reports on how Hyperliquid now ranks among the biggest venues for perpetual Bitcoin swaps, known as perps. Decentralized exchanges – the type of peer-to-peer trading platforms with few intermediaries – are finally getting closer to their dream of breaking into a market that's dominated by Binance and other centralized exchanges.
Bloomberg
17-04-2025
- Business
- Bloomberg
A Token's 90% Crash Shows Some Things Never Change in Crypto
Muyao Shen takes a look at the latest high-profile token crash, and decides that what's old is always new in crypto. Mantra, a crypto project billed as a blockchain aiming to trade so-called real-world assets, saw the price of its token OM crash by 90% in just hours on April 13, erasing more than $5 billion in market value.
Bloomberg
25-02-2025
- Business
- Bloomberg
Blockchain Sleuths Chase Almost $1.5 Billion Stolen from Bybit
Muyao Shen follows the money from the Bybit hack and wonders where it's all going to end up. Hackers made away with almost $1.5 billion in tokens from the Bybit exchange, the biggest theft in the history crypto. So what exactly are they going to do with it?
Bloomberg
18-02-2025
- Business
- Bloomberg
Milei's Foray Into Memecoins Highlights a Solana ‘Hellscape'
Muyao Shen reports that Argentina President Javier Milei's brief foray into the world of memecoins is leaving a mark on the Solana blockchain that hosts many such tokens. Players in the crypto market are usually good at spinning a bad situation into good-news story. Think of the collapse of the FTX exchange and its related companies, which many said was a cleansing moment for the industry because it washed out bad actors. Lately, the proliferation of memecoins has been touted as a good development for crypto because, among other things, the tokens create a 'fairer' playing field for smaller investors, a key step forward toward mainstream adoption.
