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

GoDark, an institutional dark pool for digital assets, launches to facilitate large order executions without affecting market prices. Backed by notable firms such as Copper and GSR, the service aims to improve privacy for traders amidst the volatile crypto landscape. The platform is set to begin with spot trading and plans to extend services to include perpetual futures, conventional futures, and options. According to Denis Dariotis, CEO of GoQuant, which developed GoDark, existing cryptocurrency trading infrastructure lacks the sophistication needed for genuine institutional dark pools, which are common in traditional finance. The absence of these mechanisms in crypto has made it challenging for large institutions to operate without revealing their intentions. By utilizing dark pools, institutional clients can trade significant volumes while avoiding market disruption, thereby balancing decentralized exchanges' liquidity with the privacy of over-the-counter transactions.

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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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