Ethereum became the most traded cryptocurrency on the Coinbase exchange during the three months through June, while investors explored the world of decentralized finance. It accounted for 26% of Coinbase’s trading volume in the second quarter. Ethereum, the world’s second-largest cryptocurrency by market capitalization, shared for 26% of the trading volume on Coinbase, compared to…

Bitcoin reserves available on derivatives exchanges dropped to their lowest since May 11, before the start of miners’ crackdown in China and the following crypto price crash. That reflects institutions still accumulating crypto funds like in late 2020. According to data from CryptoQuant analytics service, confirmed that as of Tuesday, derivatives reserves reached 1.256 million…

Roger Parloff for Yahoo Finance “I hope to never be as wrong as I was in that conversation,” says Adam Yedidia. He is reflecting on a chat he had with Sam Bankman-Fried, his close friend and former MIT classmate, in fall 2017. Bankman-Fried was then inviting Yedidia to join him in launching a trading firm…