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First Mover Americas: Bitcoin Battered as Markets Spiral
The latest price moves in crypto markets in context for March 10, 2023.
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CDCROP: Consensus 2019 Justin Sun CEO TRON (CoinDesk)
Justin Sun Completes $100M USDC Transfer to Create Huobi Liquidity Fund
The fund was created in response to a rapid drop and then rebound of the HT token.
CDCROP: Consensus 2019 Justin Sun CEO TRON (CoinDesk)

Huobi's HT token momentarily drops over 90% on Huobi. (Source: TradingView)
Huobi’s HT Token Suddenly Falls 93%, Then Rebounds Just as Quickly
The token, affiliated with Tron founder Justin Sun, dropped from $4.81 to $0.31 on the Huobi exchange.
Huobi's HT token momentarily drops over 90% on Huobi. (Source: TradingView)

CDCROP: AI generated markets charts graphics red (DALL-E/CoinDesk)
Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash
The largest long liquidation in at least a month suggests Thursday’s crash in crypto prices has caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from CoinGlass.
CDCROP: AI generated markets charts graphics red (DALL-E/CoinDesk)

AI Artwork Hong Kong Network (DALL-E/CoinDesk)
Justin Sun Says Hong Kong’s New Licensing Regime Could Shift Policy in Mainland China, Eventually
In the interim, if granted a VASP license, the Tron founder says Houbi will launch a new exchange, Huobi Hong Kong, to comply with regulators.
AI Artwork Hong Kong Network (DALL-E/CoinDesk)

Frozen Thermometer near Yellowknife.
Binance and Huobi Freeze $1.4M in Crypto Tied to Harmony Bridge Theft
Tracing firm Elliptic said it followed the money through Tornado Cash.
Frozen Thermometer near Yellowknife.

CDCROP: Justin Sun attends Consensus 2019 (Steven Ferdman/Getty Images)
Huobi, Confirming Justin Sun as Leader, Takes Aim at 'Rat Trading'
The exchange addressed why it has frozen some accounts in the past.
CDCROP: Justin Sun attends Consensus 2019 (Steven Ferdman/Getty Images)

Markets Daily Podcast Cover
Crypto Update | Why Did Sam Bankman-Fried Plead Not Guilty?
With bitcoin holding steady at $16,800 amid concerns about the economy and central bank hawkishness, plus a look at how SBF is grasping at straws, CoinDesk’s “Markets Daily” is back with its latest news roundup.
Markets Daily Podcast Cover

CDCROP: Huobi logo on a smartphone (Shutterstock)
Crypto Exchange Huobi Sees $60M Token Outflows in a Day: Nansen
On-chain data shows more than $100 million in tokens left the exchange this week, most of them in the past 24 hours, while stablecoin reserves have dropped 9.5% in a week
CDCROP: Huobi logo on a smartphone (Shutterstock)

CDCROP: A cardboard cutout of Tron founder Justin Sun (Danny Nelson/CoinDesk)
Tron's Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange
Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.
CDCROP: A cardboard cutout of Tron founder Justin Sun (Danny Nelson/CoinDesk)