EUR/USD 1.16209
-0.410%
Gold 4545.67
-2.292%
Oil 100.978
3.282%
USD/JPY 158.766
0.243%
GBP/USD 1.33180
-0.615%
GBP/JPY 211.449
-0.370%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 16, local time, the Israel Defense Forces issued a statement saying that the Israeli military was launching airstrikes against Hezbollah infrastructure targets in several locations in southern Lebanon.May 16th - The meeting between the Chinese and US leaders has drawn significant global attention. International figures expressed their expectation that, under the strategic guidance of head-of-state diplomacy, China and the US will forge a new path for proper relations between major powers in the new era, jointly creating a bright future for bilateral relations while bringing more stability and certainty to a world fraught with uncertainty. William Jones, former White House correspondent for the US magazine *Global Strategy Information*, stated that as the most important bilateral relationship in the world today, the smooth progress of the US-China relationship depends on the two leaders ability to "see the direction, grasp the overall situation, and stabilize the course." He emphasized that effective dialogue and communication are especially crucial at critical moments. "This meeting has drawn a clear roadmap for the future development of bilateral relations, once again demonstrating the stabilizing force of head-of-state diplomacy in US-China relations."On May 16, Iraqs newly appointed Oil Minister, Bassim Mohammed, stated at a press conference that Iraq exported 10 million barrels of oil via the Strait of Hormuz in April. Mohammed indicated that Iraq plans to engage in discussions with OPEC to increase the countrys crude oil production and export capacity, adding that Baghdads goal is to increase crude oil production capacity to 5 million barrels per day.Iraqs oil minister said Iraq is seeking discussions with OPEC to increase its crude oil production and export capacity, and hopes to increase production capacity to 5 million barrels per day.On May 16th, it was reported that on May 15th, 2026, Nvidia CEO Jensen Huang ordered a "Peach Four Seasons Spring" drink at a Mixue Ice Cream store in Nanluoguxiang, Beijing, sparking attention. A Mixue Ice Cream staff member responded that after the "Celebrity Endorsement" feature was launched on their mini-program, sales of the Peach Four Seasons Spring drink increased by nearly 140% compared to the previous day and by over 90% compared to the previous Friday. At the Nanluoguxiang store visited by Huang, sales of the Peach Four Seasons Spring drink increased by over 90% compared to the previous day.

Cryptoverse: Let’s talk about DEX, baby

Skylar Shaw

Nov 23, 2022 16:00

微信截图_20221123102517.png


Since Sam Bankman-FTX, Fried's a significant centralized crypto exchange, abruptly collapsed, conventional bankers and investors have been calling for increased regulation.


On the other hand, some cryptocurrency players are emulating the original crypto vision of Satoshi Nakamoto, the person who created Bitcoin, by bypassing the financial middlemen and turning to decentralized exchanges, where traders transact peer-to-peer on the blockchain.


According to statistics from market tracker DeFi Llama, on Nov. 10, as FTX collapsed, overall daily trading volumes on DEXs, including the likes of Uniswap, jumped as high as $12 billion, their biggest level since May. However, gains have since been reversed.


According to CryptoCompare, four days later, November volumes had eclipsed the entire previous month.


In the meantime, CryptoCompare data reveals that weekly bitcoin flows from controlled exchanges, or CEXs, saw their largest-ever net outflow, with 97,805 currency moving off platforms in the seven days leading up to Nov. 13.


According to Varun Kumar, CEO of the decentralized cryptocurrency exchange Hashflow, "it is now obvious that there can be risk involved with retaining assets in a centralized company." According to data, customers are increasingly using decentralized trading platforms.


However, DEXs may not always be safer than their centralized competitors, and unskilled investors may be exposed to significant risks.


Instead of routing money through a middleman or centralized authority, users can exchange tokens directly amongst each other using blockchain-based smart contracts.


As a result, just like other decentralized finance (DeFi) or Web3 systems, there is no central authority and, for better or worse, investors are in charge of their transactions, settlements, and coin or token storage.


When compared to traditional exchanges on Wall Street, CEXs like Coinbase, Binance, and FTX operate as the middleman in transactions, making trading easier for novice investors in particular. CEXs also occasionally provide coin custody services, as did FTX.


Many centralized players have also worked to build user confidence by more transparent policies including providing evidence of their reserves.


Requests for comment from Coinbase, Binance, and FTX were not immediately fulfilled.


Suggestion