$200M in Liquidations as Crypto Markets Add $60B in a Day
The total value of liquidations skyrocketed to $200 million on a daily scale, as BTC, ETH, SOL, MATIC, and other digital assets jumped by impressive percentages. After several days of…
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Ethereum Jumps 8% as Latest Merge Shadow Fork Goes Live
Ethereum’s ninth shadow fork went live in the early hours of July 15, marking one of the final testing stages before the big event. Ethereum developers have been running a…
USDC Issuer Circle Discloses Its Reserves, Proving Their Liquidity And Availability
After the collapse of the Terra ecosystem (which included its native token LUNA and its algorithmic stablecoin UST), the crypto community started to become more cautious about stablecoins, pushing large…
UK Treasury Launches Inquiry on Crypto-Related Risks and Opportunities
The UK Treasury Committee has launched an inquiry into the risks and opportunities posed by crypto-assets to businesses and consumers. According to the official note, the inquiry is requesting evidence…
CoinShares Unveils Staked Algorand ETP on Deutsche Boerse
The prominent European investment firm, CoinShares, announced the launch of physically-backed staked Algorand ETP. Staked Algorand ETP (RAND) According to the official press release, the new crypto investment product will…
Bitcoin’s Correlation With Stocks Nears Yearly Low
Bitcoin has slowly begun to decouple from equities, now nearing its lowest correlation with the stock market in 2022. A 40-day correlation coefficient between Bitcoin and the Nasdaq 100 index…
OpenSea Lays Off 20% of Staff Due to Bear Market
Devin Finzer – CEO of OpenSea – announced on Thursday that roughly 20% of employees have been let go by the NFT marketplace. The move is intended to better prepare…
MonkeyLeague Developers Close $24 Million Funding Round
UnCaged Studios – the developers behind the Web3 esports game MonkeyLeague – have closed a $24 million Series A funding round. The round brings the organization’s total valuation above $150…
Funds Are Safe But Celo Network Stalled Again After Briefly Resuming
According to the tweet by the blockchain payments infrastructure, the validators of the network were working to identify and resolve the issue and asserted that no funds had been compromised.…
Arthur Hayes Expects the US to Start Printing Again, Bullish for Bitcoin
BitMEX co-founder Arthur Hayes has predicted that the Federal Reserve may soon begin printing money again if the dollar continues to strengthen against international currencies. As he sees it, this…
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