Market
Exchanges
CoinFlex backtracks on resuming withdrawals
Mark Lamb revealed that the exchange is currently in talks with several investment funds to buy its new Recovery Value USD (rvUSD) token.
Hacks
North Korea’s Lazarus Group linked to $100M Harmony exploit
Elliptics says the strategies employed for the Harmony exploit are consistent with the ones used for the Ronin Bridge exploit a few months ago.
Mining
Bitcoin miners are facing harsher conditions despite easier mining difficulty
JP Morgan strategists say Bitcoin miners current sell-off is placing pressure on the price of the flagship digital asset.
Crime
North Korea’s ‘illicit’ crypto holdings heavily impacted by market crash
Chainalysis says North Korea’s unlaundered crypto holdings have dropped to $65 million due to the recent crypto market crash.
Legal
Court orders liquidation of Three Arrow Capital
A British Virgin Islands Court has ordered the liquidation of Three Arrows Capital (3AC), plunging the crypto hedge fund into a deeper crisis.
Analysis
Bitcoin sees sharp decline in correlation with tech equities, Kaiko says
Bitcoin remains mostly uncorrelated to gold and its correlation with tech equities declined in June.
Gaming
Finally, Axie Infinity’s Ronin Bridge reopens
The reopened Ronin Bridge underwent three audits, and includes new security layers to better protect user funds.
Exchanges
CoinFlex to resume withdrawals after raising funds via new token issuance
CoinFlex wants to resume withdrawals on June 30 after it completes the sales of its new tokens Recovery Value USD (rvUSD).
Exchanges
Goldman Sachs says Coinbase may need to sack more workers; downgrades its stock rating to sell
Goldman Sachs predicts that Coinbase revenue could decline by 61% because of the current market conditions that have affected retail traders.
Analysis
Bitcoin sees record outflows as Ethereum bucks trend
Most of Bitcoin outflows happened on June 17 and were likely responsible for its crash to around $17,760 on June 18.
Analysis
Glassnode report shows 2022 bear market is the worst in history
Bitcoin and Ethereum will trade below their ATH in their previous cycle for the first time since their creation.
Bear Market
Hacktivist group Anonymous sets sights on Do Kwon after LUNA meltdown
Anonymous intends to investigate Kwon's history since he entered the crypto industry and believes that there are several other crimes that he might have committed.