Banking
People
Investor Mike Alfred takes shots at HEX as it slides below $0.04
There is no consensus on whether HEX is a scam project, but Mike Alfred (and others) insist it is.
Research
Research: Cryptocurrencies at risk as new UK Prime Minister contends with economic challenges
Liz Truss has yet to declare her crypto stance. However, tough decisions in the meantime spell trouble ahead for digital assets.
Macro
Bitcoin holds steady as ECB implements 75 bps rate hike
Bitcoin saw a slight sell-off on news the European Central Bank had hiked rates by 75 basis points, suggesting the actions were already priced in by the market.
Featured
Community-led Terra Classic (LUNC) now worth 12x more than Do Kwon-led Terra LUNA
Terra Classic's come back is made all the more evident as recent price spikes now place it 26th biggest project by market cap.
Banking
Signature Bank suffers $4.27B deposit outflows as crypto uncertainty takes hold
Crypto friendly Signature Bank, which models is business on attracting deposits, suffered severe outflows since July 1.
Research
Research: Bitcoin exchange inflows sink to multi-year lows
Exchange flow metrics show an overall decline in both inflows and outflows, with inflows — or profit taking — seeing the biggest drop off.
Analysis
Rising star? FLUX enters top 100 following 130% gains over past month
Flux intends to fill the Proof-of-Work void left by Ethereum's upcoming switch to Proof-of-Stake.
Memecoins
Almost half of Shiba Inu’s initial circulating token supply has been burned
Since its launch in August 2020, Shiba Inu has been burned in a bid to cut its 1 quadrillion circulating supply. The milestone half way point is fast approaching.
Mining
Bitcoin mining hash rate spikes 60% despite plummeting revenue per terra hash
The Bitcoin hash rate continues trending upwards even though revenue per terra hash carries on falling.
People
Cardano founder asks why proponents of ADA token burn are “consumed with idiocy”
Charles Hoskinson blasts the idea of ADA burning, calling advocates of the practice ignorant and short-termist.
Bear Market
Research: On-chain metrics suggest more pain ahead for long-term Bitcoin holders
The Total Bitcoin Supply in Loss suggests the market bottom is not yet in, however, long-term holders remain optimistic.
Bear Market
Terra LUNA Classic continues astonishing come back with 2,400% gains over last 7 days
The price of LUNC keeps climbing higher amid the rollout of new features, including a token burn mechanism on swaps.