Banking
Research
Bitcoin mining pool Poolin in distress following liquidity crisis
The Poolin Bitcoin mining pool sees a sharp drop in hash rate and block rewards following a freeze on withdrawals due to liquidity problems.
People
Nexo co-founders address recent cease and desist orders from US state regulators
During an AMA, the Nexo co-founders sought to reassure users that its platform is working with regulators to resolve the issues.
Regulation
US consumer protection watchdog warns crypto could pose risk to financial stability
The Financial Stability Oversight Council made recommendations to close regulatory gaps in a bid to strengthen consumer protections and limit the threat to financial markets.
Macro
Justin Sun pulls an FTX and offers to buy ailing Credit Suisse’s assets
The 166 year-old bank is struggling amid a series of disastrous events, but Justin Sun is willing to buy Credit Suisse assets and bring them into Web3.
Technology
Decentralized Social (DeSo) stands out in flat market, up 156% over past month
Decentralized Social (DeSo) seemingly came from nowhere to become a top gainer. However, a dig deeper reveals DeSo is a rebrand of the controversial Bitclout project.
Crime
Polygon co-founder gives Devcon 2022 Bogota a miss over safety concerns
Bogota, Colombia is singled out as a potentially dangerous location for foreign crypto community members during conference season.
Banking
Bitcoin stable as Credit Suisse, Deutsche Bank rumored to be on verge of collapse
Bitcoin is holding steady as rumors of banking collapse circulate — some observers see this as the start of cryptocurrencies "decoupling" from legacy finance.
Crypto
CryptoSlate Daily wMarket Update – Sept. 30 – Oct 2: Bitcoin holds steady as stocks continue decline
The wMarket Update condenses the most important price movements in the crypto markets over the weekend, published 08:00 UTC on weekdays.
NFTs
Ethereum losing ground as Solana now accounts for a quarter of total NFT volume
Against a backdrop of dwindling NFT sales and buyers, Solana is making waves in terms of stealing Ethereum's NFT marketshare.
Research
Research: Bitcoin Cost Basis metric indicates short-term holder capitulation
Short-term Bitcoin holders are now, on average, underwater and losing faith.
Macro
Bitcoin decouples from legacy markets amid macro turmoil
The safe haven narrative returns as Bitcoin's price performance shows a distinct inversion against the S&P 500.
Crypto
CryptoSlate Daily wMarket Update – Sept. 29: Crypto markets trade flat with upside bias as equities near year-to-date lows
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.