Deribit Hot Wallets Lose $28M, Crypto Daily TV 3/11/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=zesgsI3TxPY

Crypto exchange Deribit loses $28M in hot wallet hack.

Cryptocurrency options and futures exchange Deribit has been hacked, with $28 million being drained from its hot wallet. The company tweeted that client assets have not been affected, but withdrawals have been temporarily halted as the exchange makes security checks.

Crypto miners hit hard in the digital asset industry’s downturn

Crypto mining companies are coming under heavy pressure from this year’s digital asset downturn as the high cost of energy and the flatlining price of coins pushes more names close to the financial cliff edge.

Crypto VC firm CoinFund looks to raise a $250M seed fund.

Crypto-focused investment firm CoinFund is looking to raise $250 million for seed investments, according to new filings with the U.S. Securities and Exchange Commission. The filings come less than three months after the firm announced a $300 million venture capital fund, a notably short turnaround time during a bear market.

BTC/USD dove 1.6% in the last session.

The Bitcoin-Dollar pair dove 1.6% in the last session. The CCI’s negative signal is in line with the overall technical analysis. Support is at 20183.3333 and resistance is at 20847.3333.

The CCI is giving a negative signal.

ETH/USD plummeted 4.3% in the last session.

The Ethereum-Dollar pair plummeted 4.3% in the last session. The ROC is giving a negative signal. Support is at 1539.951 and resistance is at 1629.071.

The ROC is currently in negative territory.

XRP/USD plummeted 2.6% in the last session.

The Ripple-Dollar pair plummeted 2.6% in the last session. The Stochastic indicator’s negative signal is in line with the overall technical analysis. Support is at 0.4493 and resistance is at 0.4742.

The Stochastic indicator is currently in negative territory.

LTC/USD exploded 7.9% in the last session.

The Litecoin-Dollar pair skyrocketed 7.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 53.81 and resistance is at 56.561.

The Stochastic indicator is currently in the negative zone.

Daily Economic Calendar:

UK Monetary Policy Summary

The Monetary Policy Summary contains the outcome of the vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced the vote. The UK’s Monetary Policy Summary will be released at 12:00 GMT, Spain’s Unemployment Change at 08:00 GMT, and Australia’s Exports at 00:30 GMT.

ES Unemployment Change

The Unemployment Change is a measure of the absolute change in the number of unemployed people using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending.

AU Exports

The Exports measure of the total exports of goods and services by the local economy. A steady demand for exports helps to support growth in the trade surplus.

JP Foreign Bond Investment

Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. Japan’s Foreign Bond Investment will be released at 23:50 GMT, Australia’s Trade Balance at 00:30 GMT, the US Initial Jobless Claims at 12:30 GMT.

AU Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

US Initial Jobless Claims

The Initial Jobless Claims measure the number of people filing first-time claims for state unemployment insurance.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: https://cryptodaily.co.uk/2022/11/deribit-hot-wallets-lose-28-m-crypto-daily-tv-3112022