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GoDark Unveils Institutional Dark Pool for Crypto Backed by Copper, GSR, Others

GoDark, an institutional dark pool for digital assets, introduces a service aimed at executing large cryptocurrency orders without revealing market activities. Supported by established firms like Copper and GSR, GoDark aims to enhance the privacy and efficiency of trading in an increasingly volatile crypto market. The service is set to launch with spot trading, with intentions to expand into futures and options. Unlike traditional finance (TradFi), where dark pools are common for discreet trading, crypto lacks similar infrastructure, according to Denis Dariotis, founder and CEO of GoQuant. Currently, a significant portion of U.S. equities trading occurs in dark pools, allowing large investors to avoid disrupting market prices while completing trades. GoDark seeks to bridge this gap in the crypto market, emphasizing the importance of privacy and liquidity in trading practices. The firm also operates GoCredit, a lending platform tailored for banks and hedge funds, highlighting a broader commitment to integrating institutional adoption of cryptocurrency and enhancing market frameworks.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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