News that the U.S. SEC sued Binance rocked the crypto industry yesterday — but some prominent players might be buying the dip.
703,871 USDC and more than 2.5 million USDT from decentralized finance platform Aave before buying some $3.35 million in ether at an average price of $1,810.Crypto volatility remains low
In related news, the crypto market's period of low volatility remained largely unaffected by yesterday's news of Binance's impending legal battle against the SEC. Though crypto prices fell across the board, volatility remains low and implied options volatility compressed —With seasonality also potentially playing a part — summers are historically flat and not volatile — such a belief may be even more pervasive."Traders are already positioned," LedgerPrime's Laura Vidiella told The Block earlier Tuesday.
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