Ethereum
Solana, Ether Lead Gains in Relief Rally, but Traders Say Macroeconomic Concerns Remain
“It’s foolish to forgo the wider macro context in which crypto and finance operate,” one analyst said. Source link
Month: June 2022
Bitcoin
Why Bitcoin Could Take Another Bite At $17K
Bitcoin is back above $20,000 after seeing some relief during the weekend. The number one crypto by market cap dropped below its 2017 all-time high as selling pressure increased driven by the current macro-economic environment. […]
Market Analysis
Synthetix Surges 70% as Trading Volumes Explode
Key Takeaways Synthetix’s native utility and governance token SNX surged roughly 70% today after the DeFi platform became the third-largest protocol by trading fee consumption in crypto. The notable price surge can be linked with […]
Ethereum
Ex-Sushi CTO Raises $8M for NFT Lending Platform Astaria
The platform, led by CEO Justin Bram of DeFi vet Joseph Delong, aims to provide instant liquidity for your JPEGs and should be available to the public by September. Source link
Bitcoin
Babel Finance Reaches Debt Agreement With Counterparties After Withdrawal Freeze
Hong Kong-based crypto lender Babel Finance has reached “preliminary agreements” with several counterparties and customers after a withdrawal freeze last week. Source link
Market Analysis
Crypto lender Solend community votes to reverse ‘whale account’ takeover decision
Solend, a Solana-based borrowing and lending protocol, has overturned the controversial DAO decision that was reached yesterday allowing Solana to take control of the platform’s largest user account. It all started yesterday, June 19, when […]
Regulation
Gaming Firm Admix Reaches $300M Valuation Following Merger, Rebrand
Gaming company Admix has teamed up with the metaverse’s biggest building company, LandVault, to recruit major brands to the metaverse. Source link
Ethereum
Bitcoin Sees Resistance at $21K as Investors Record Losses of Over $7B: Glassnode
On-chain data shows investors exited positions acquired at much higher prices over the past three-day period. Source link
Market Analysis
Celsius Lead Investor Proposes Recovery Plan for Network
One of Celsius Network’s earliest investors has proposed a recovery plan to help the beleaguered company. Details will be revealed when the board is ready. Simon Dixon, the founder of Web3 investment firm Bnk to […]
Regulation
Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures
“We are exploring a way to remove overlapping functions and build smaller but more agile teams to improve our efficiency,” a Bybit spokesperson told CoinDesk. “Starting from this week, some of the functions and roles […]