ArkotNews

The firm didn’t comment on the new SEC filing, but did outline its crypto investment strategy.

After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.

The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.

Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.

The upgrade may in time attract a new group of investors, Brian Mosoff, said.

Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. They often exacerbate price moves.

ALSO: Asia-Based Traders Push Bitcoin Past $30K

ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data.

Nuvei's shares fell by as much as 6% in premarket trading after Spruce Point warned of a 50% downside, but rebounded into positive territory mid-morning.

The "Glitch: Beyond Binary" art sale is a reboot of last month's "Glitch-ism" auction and features a more diverse roster of artists.