Trading
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.
DeFi
Lido community debates limiting staked Ethereum as centralization concerns grow
The Lido team submitted a governance proposal discussing the pros and cons of limiting its share of Ethereum staking.
Gaming
Axie Infinity to start reimbursing Ronin bridge hack victims from June 28
Since the ronin bridge exploit that Axie Infinity suffered, the loot has lost a substantial part of its value due to the crypto market crash.
Hacks
Harmony Protocol’s Horizon bridge exploited, $100M stolen
Harmony has suspended the operations of the exploited bridge and has informed the authorities about the hack.
Regulation
Proposed Gillibrand-Lummis crypto Bill uploaded to GitHub for recommendations
Senator Lummis has opined that the bill is seeking comments from industry stakeholders so that it can properly reflect the innovations in the crypto space.
