Liquidations crossed the $1.35 billion level in the past 24 hours as a market slide worsened.
Ether is on the verge of slipping into a death cross, an ominous momentum indicator, with a mixed record of predicting price trends.
The Edge Proof of Reserves Oracles provide a real-time, transparent mechanism to verify that token issuers like Ethena hold sufficient reserves.
Futures activity hints at an influx of fresh shorts as Monday's bearish marubozu candle points to more losses ahead.
Traders said the current bearish sentiment could be overblown and macroeconomic decisions were key to support market growth.
Bankman-Fried is currently in the Metropolitan Detention Center, serving a 25-year prison sentence.
Hackers made off with approximately $50 million when the automated market maker was exploited in 2021.
The upgrade was pushed out on Monday, but it wasn't entirely clear why the test network was not finalizing.
Macro uncertainty combined with carnage in most of the rest of crypto is weighing bitcoin down.
An OKX subsidiary said it resolved a U.S. DOJ investigation.