Bitcoin
Goldman Cuts Coinbase to ‘Sell’ Due to Fall in Crypto Prices and Industry Activity; Shares Drop
The company faces a difficult choice between shareholder dilution and effective employee compensation, the report said. Source link
Bitcoin
Bitcoin
Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report
The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said. Source link
Bitcoin
Ethereum Lending Protocol XCarnival Hit With $3.8M Exploit, Recovers 50%
Singapore-based metaverse lending protocol XCarnival recovered 1,467 ether following an exploit that saw a hacker siphon 3,087 ETH out of the platform. Source link
Bitcoin
Australian Crypto Exchange Banxa Cuts 70 Staff
The publicly traded crypto exchange said the “crypto winter” drove the decision to reduce headcount by about 30%. Source link
Bitcoin
Nexo Sends Cease and Desist Letter to Anonymous Twitter Account Accusing It of Embezzlement
Nexo has issued a public cease and desist order to a Twitter account run by someone with the handle ‘Otter.’ Source link
Bitcoin
First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading; Solana Web3 Phone Faces Long Odds
Prior blockchain phones have failed because the market have realized their functionalities are available already via apps that can be loaded onto any old phone; ether stays above $1,200. Source link
Bitcoin
Why Pain May Not Be Over For Bitcoin Holders Just Yet
Past trend of the Bitcoin long-term holder SOPR (EMA 30) may suggest that BTC holders may face more pain in the coming months. Bitcoin Long-Term Holder SOPR Has Dropped Below “One” Recently As explained by […]
Bitcoin
Bitcoin Regains Some Luster With 15% Rally To $21,700
Bitcoin could be up with some positive vibe in the coming days. Following last week’s calamitous meltdown that chopped more than 30 percent off the value of prominent cryptocurrencies, including Bitcoin, the broader crypto markets […]
Bitcoin
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows
According to Yusko, the FTX credit line proposal had a catch for BlockFi’s existing shareholders: It gave FTX the option to buy BlockFi “at essentially zero price.” If FTX were to exercise said option, it […]
Bitcoin
Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?
On-chain data shows the Bitcoin coinbase premium gap has improved recently and is now approaching a neutral value, suggesting the selling pressure may be drying up. Bitcoin Coinbase Premium Gap Close To Zero, But Still […]