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Shaurya Malwa

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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USDT traded lower than its intended peg on Thursday. (Cryptowatch)
Markets
Stablecoin
Tether's USDT Stablecoin Drops 3% Below $1 Peg
USDT is trading at 97 cents on several bourses, and briefly fell as low as 93 cents on the Kraken exchange.
USDT traded lower than its intended peg on Thursday. (Cryptowatch)
By Shaurya Malwa
Nov 10, 2022 at 11:08 a.m. UTC
Nov 10, 2022
StablecoinUSDTTether
Photo of FTX website (Rob Mitchell/CoinDesk)
Finance
Exchange tokens
FTX Suspends Customer Signups After Widespread Criticism
The crypto exchange is facing an acute liquidity crisis.
Photo of FTX website (Rob Mitchell/CoinDesk)
By Shaurya Malwa
Nov 10, 2022 at 10:52 a.m. UTC
Nov 10, 2022
Exchange TokensTradingInvestingFTX
Tron founder Justin Sun (Flickr/CoinDesk)
Markets
Trading
TRX Momentarily Surges 4,000% on FTX After Justin Sun Emerges as Latest 'Would Be' FTX Savior
Justin Sun offered a “way forward” for embattled exchange FTX earlier.
Tron founder Justin Sun (Flickr/CoinDesk)
By Shaurya Malwa
Nov 10, 2022 at 8:36 a.m. UTC
Nov 10, 2022
TradingTronMarkets
CoinDesk placeholder image
Finance
Ftx
FTX Used Customer Funds Among Other Assets to Prop Up Alameda Research in May: Report
FTX founder Sam Bankman-Fried transferred at least $4 billion in funds, according to a report.
CoinDesk placeholder image
By Shaurya MalwaOliver Knight
Nov 10, 2022 at 8:30 a.m. UTC
Nov 10, 2022
FTXAlameda Research
Bitcoin staged a small rally but was still trading near two-year lows. (Andriy Onufriyenko/Getty Images)
Markets
First mover
First Mover Asia: Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K
On Wednesday, Binance, Gate.io, KuCoin and Huobi were among the exchanges that said they would publish Merkle tree reserve certificates. Their announcements came amid the moun...
Bitcoin staged a small rally but was still trading near two-year lows. (Andriy Onufriyenko/Getty Images)
By Shaurya MalwaJames Rubin
Nov 10, 2022 at 2:55 a.m. UTC
Nov 10, 2022
First MoverAsia PacificBitcoinEtherAltcoins
(CraftyPease/Pixabay)
Finance
Trading
Crypto Fund Alameda's Ethereum Wallet Holdings Slumped 50% Since October
On-chain analysis shows Alameda has a $3 million debt spread over several Ethereum addresses.
(CraftyPease/Pixabay)
By Shaurya Malwa
Nov 9, 2022 at 10:56 a.m. UTC
Nov 9, 2022
TradingInvestingMarketsAlameda ResearchFTX
Nine exchanges – Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, OKX, Deribit and Bybit– have separately issued statements that they would publish their Merkle tree reserve certificates to increase transparency. (Jason Dent/Unsplash)
Finance
Binance
Crypto Exchanges Scramble to Compile 'Proof of Reserves' as FTX Contagion Grips Markets
Nine prominent exchanges said they will publish proof-of-their-reserve holdings in the next month.
Nine exchanges – Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, OKX, Deribit and Bybit– have separately issued statements that they would publish their Merkle tree reserve certificates to increase transparency. (Jason Dent/Unsplash)
By Shaurya Malwa
Nov 9, 2022 at 9:32 a.m. UTC
Nov 9, 2022
BinanceFTCCrypto ExchangeReserveHuobi
The crypto market is slumping. (Getty Images)
Markets
Trading
'Long' Crypto Traders Take on $700M in Losses as Markets Falls on FTX Contagion Fears
Crypto market capitalization fell 8.8% in the past 24 hours, data shows.
The crypto market is slumping. (Getty Images)
By Shaurya Malwa
Nov 9, 2022 at 8:02 a.m. UTC
Nov 9, 2022
TradingInvestingMarketsBitcoinEther
Changpeng Zhao, CEO of Binance, at Consensus Singapore 2018 (CoinDesk)
Finance
Exchange tokens
Binance Tops Up Emergency Insurance Fund 'SAFU' to $1B After BNB Volatility
Binance token-related addresses were topped up with over $700 million in different tokens, while a bitcoin address was funded with $300 million.
Changpeng Zhao, CEO of Binance, at Consensus Singapore 2018 (CoinDesk)
By Shaurya Malwa
Nov 9, 2022 at 7:06 a.m. UTC
Nov 9, 2022
Exchange TokensBinanceMarkets
The co-founders of Offchain Labs, the firm behind Arbitrum. (Offchain Labs)
Markets
First mover
First Mover Asia: Arbitrum Sees Transactions Skyrocket as Traders Anticipate Potential ‘ARBI’ Airdrop; Ether, Dogecoin Tumble Following FOMC Rate Hike
Weekly transactions on Arbitrum have soared over 550% since August. Crypto traders see huge potential for the ecosystem.
The co-founders of Offchain Labs, the firm behind Arbitrum. (Offchain Labs)
By Shaurya MalwaJames Rubin
Nov 2, 2022 at 11:30 p.m. UTC
Nov 2, 2022
First MoverAsia PacificBitcoinEtherAltcoins