Someone is pumping the price of the faily illiquid ETCUSD on Kraken. Now at $5.85, other venues around $5.25.
Goal might be to skew the mark price on deriv exchanges. FTX now wildly out of shape, with a funding rate of -0.22% per hour.
Conversation
exchanges just should delist ETC already, but I guess DCG doesn't let that happen. to think that they currently run advertisements for it on TV, too...
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I thought about this as well. The biggest reason they won’t is because they anticipate the demand (hence) volume will spike when ETH switches to PoS. Some miners will start mining ETC, and it will be for people who are anti PoS.
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Not likely even now that ETC is on feature parity with ETH chain you will still loose its state
I think its more likely that ETH1<>ETH2 merge generates a new minority fork
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Not anytime soon afaik. The strongest narrative that I’m aware of is that ETC becomes the PoW ethereum chain. I think it’s already dead too but that’s how exchanges are thinking about it
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yeah, though having a listed asset you don't trust to transfer is a fucking pain.
we're thinking of whether we should delist futures on it, coming up with an index is too arbitrary at this point
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I'd volunteer to report ETC's fair value on an ongoing basis
but you won't like the result
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