90% of the Crypto Deleveraging is Already Done, Says Mike Novogratz
Galaxy Digital CEO Mike Novogratz shared his latest insight on the state of the crypto market in an interview with CNBC, predicting that it is close to the bottom after…
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Mt. Gox Releases Update on Creditor Rehabilitation Plan
Failed cryptocurrency exchange Mt. Gox has provided an update on its repayment procedures under its creditor rehabilitation plan. The exchange states that the “Rehabilitation Trustee” – Nobuaki Kobayashi – is…
Reddit Launches Collectible Avatars on Polygon in its Latest NFT Push
American social media platform Reddit has launched a new blockchain-based marketplace and a collection of collectible avatars. They can be used as profile pictures and purchased for a fixed price…
Ethereum 2.0 Stakers Sitting on an Unrealized Average Loss of 55%: Report
Ethereum is prepping for the much-anticipated Merge. Delays and setbacks aside, the total value locked in ETH 2.0 deposit contract continues to record new highs. As of July 5, the…
Argo Blockchain Sold More BTC Than What it Mined in June
The UK-based cryptocurrency mining firm – Argo Blockchain – mined 179 BTC last month. However, due to the current market conditions and its loan agreement with Galaxy Digital, the company…
Another Crypto Lender Confirms Exposure to Three Arrows Capital
Genesis Trading confirmed its exposure to bankrupt hedge fund Three Arrows Capital (3AC). In a series of tweets, its CEO Michael Moro revealed that the cryptocurrency lender and broker had…
Crema Finance Hacker Accepts Bounty and Returns Over $7M of Stolen Funds
The Solana-based concentrated liquidity protocol, Crema Finance, suffered an exploit earlier this week. The drained crypto funds were worth nearly $9 million at the time of the hack. However, following…
Sam Bankman-Fried Says FTX Has a ‘Few Billion’ for Additional Bailouts
In the latest interview with Reuters, FTX CEO Sam Bankman-Fried (SBF) revealed the amount of financial ammunition still available for saving companies with drained liquidity from collapses. Meanwhile, he laid…
Elon Musk’s Boring Company to Accept Dogecoin Payments for Loop Rides
Tesla and SpaceX CEO Elon Musk continues to show support for Dogecoin, with one of the billionaire’s firms, The Boring Company, allowing customers to pay for Loop rides with the…
More Liquidation Ahead Before the Crypto Market Recovers: Cumberland
Crypto trading firm Cumberland weighed into the ongoing trend of centralized digital asset firms falling apart amid a deepened liquidity crisis clouding the industry. It suggests that the overall market’s…
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