#360m

Musely, a direct-to-consumer telemedicine platform, has secured over $360 million in non-dilutive capital from General Catalyst’s Customer Value Fund (CVF). **Key Takeaways:** 1. **Non-Dilutive Capital Fuels Growth:** Musely, a profitable telemedicine platform, secured $360M from General Catalyst’s Customer Value Fund (CVF) through an innovative revenue-share model, avoiding equity dilution and…

Market volatility wipes $360M from long and short traders

(adsbygoogle = window.adsbygoogle || []).push();

Bitcoin briefly climbed above $29,000 during early trading hours after experiencing high volatility that liquidated $178.78 million in the last 24 hours.

False alarm triggers sell-off

On April 26, the flagship digital asset had rallied toward $30,000 before suddenly dropping to around $27,200. The sudden price movement was fueled by rumors that the U.S. government and bankrupt crypto exchange Mt.Gox were selling the assets.

Blockchain analytical firm Arkham Intelligence countered that its alert couldn’t have caused the panic because it was sent after the market crash.

Meanwhile, Matrixport chief researcher Markus Thielen noted that the market should be well aware of the eventual distribution of those BTC. According to Thielen, the potential market impact of those distributions would not be a big deal.

Over $350 million wiped from crypto market

Following the sell-off, roughly $362 million was liquidated from over 80,000 traders in the last 24 hours across the broader crypto market.

Source: Coinglass

Coinglass data shows that most liquidations occurred on OKX, Binance, and ByBit. The three exchanges accounted for 78% of the overall liquidations — of which nearly 60% were long positions.

Other liquidated assets include Ethereum (ETH) and Arbitrum (ARB) — with $72.97 million and $7.95 million, respectively. Others like Dogecoin (DOGE), Litecoin (LTC), XRP, etc., recorded liquidations of less than $6 million each.

Crypto market recovering

After the massive panic sell-off of the preceding 24 hours, the crypto market appears to recover.

Flagship digital assets like Bitcoin, Ethereum, and Cardano have posted mild gains during early trading hours, according to CryptoSlate data.

Source: Tradingview

Meanwhile, other leading assets have lost value. Binance Coin (BNB) is down 2.04%, while XRP declined 1.87%. Dogecoin, Polygon, and Solana shed less than 1%, respectively.

The post Market volatility wipes $360M from long and short traders appeared first on CryptoSlate.

(adsbygoogle = window.adsbygoogle || []).push(); #Market #volatility #wipes #360M #long #short #traders

BLUR plummets 84% following 360M token airdrop

(adsbygoogle = window.adsbygoogle || []).push();

Ad

NFT marketplace Blur saw its native BLUR token fall to $0.78 from a high of $5 — recording a sharp decline of over 84% — shortly after its airdrop distribution went live.

BLUR airdrop and tokenomics

Since the NFT marketplace launched roughly four months ago, it has onboarded about 146,823 unique users who traded $1.2 billion worth of NFTs (excluding Washtrading).

On Feb. 14, Blur announced that it would airdrop some 360 million BLUR tokens to its early adopters.

Blur disclosed that out of its total supply of 3 billion, 51% had been allocated to the community, 29% to core contributors, and 19% to investors.

Out of the community allocation, about 360 million BLUR was unlocked for airdrop distribution to early adopters.

Available data shows that early adopters — including traders, care package holders, and creators — have claimed up to 86% of the airdrops.

However, trading activities that followed the airdrop distribution forced the price of BLUR to fall over 84% in the last 24 hours, according to Coingecko data.

As of press time, BLUR is trading at $0.78 with a total market cap of $276 million.

Journalist at CryptoSlate

Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.

Connect your wallet, trade with Orion Swap Widget.

Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

(adsbygoogle = window.adsbygoogle || []).push(); #BLUR #plummets #360M #token #airdrop

Aaron Judge agrees to 9-year, $360M deal to stick with Yankees, sources confirm

Aaron Judge answered baseball’s burning offseason question Wednesday, agreeing to a nine-year, $360 million contract to remain with the New York Yankees, sources confirmed to ESPN. Judge, 30, had hit free agency after one of the greatest seasons in baseball history, hitting an American League record 62 homers to break the mark set by Roger Maris in 1961. Judge earned his first MVP Award while…