The crypto community has been quick to chastise Matrixport, a digital asset investment platform and research provider, for possibly contributing to the violent 6% flash crash that wiped $100B from the crypto market cap on Dec. 3.
A research report published by Matrixport on the same day asserted that the U.S. Securities and Exchange Commission (SEC) will deny all pending applications for spot Bitcoin ETFs. The analysis contrasted against the rampant speculation predicting that the first U.S.-based spot ETF will receive approval in early January, sending digital asset prices flying late last year.
The Block, a crypto news outlet, published an article covering Matrixport’s report, amplifying its reach and leading many analysts to blame the violent market momentum on Matrixport’s analysis.
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#undefined [Source: TheDefiant]