Banking
Stablecoins
Binance USDC withdrawals top $1 billion per day this week
Further analysis reveals stablecoin exchange withdrawals is a current industry-wide pattern.
Taxes
Saylor respectfully disagrees with DC AG allegations of tax avoidance
MicroStrategy Chair Michael Saylor claims to be a resident of Florida, meaning he has no tax liability to the District of Colombia.
People
Buterin makes the case for alternative stablecoin technology in high inflation environment
Vitalik Buterin says the industry should develop alternatives to fiat linked stablecoins, naming consumer price linked tokens as a viable contender.
Bear Market
Cryptocurrency markets trade flat as Eurozone inflation hits record 9.1%
Eurozone inflation is at record highs fueling pressure on a massive rate hike. Meanwhile, crypto markets hold steady while stocks sell-off.
Analysis
Bitcoin sell off leads to $20M in longs liquidated
Bears dipped BTC back below $20,000 as macro factors continue to weigh heavy. Meanwhile, derivatives traders are signaling bearishness.
Analysis
LUNA Classic pumps 70% on ambitions to wipe the past, revive the chain
LUNA Classic developers have introduced high yield staking rewards and token burns in a bid to bring investors back.
Regulation
Crypto users call amended SEC whistleblower program rules hypocritical
The SEC has made two amendments to its whistleblower program, related to the rewards whistleblowers are given.
Analysis
Bitcoin shorts liquidated total $9 million as BTC moves back above $20,000
Bitcoin bulls fight back to regain the psychological $20,000 level as macro factors continue to weight heavy.
Research
Research: Asia maintains its smart money reputation for Bitcoin trading
On-chain metrics demonstrate Asian investors consistently selling at the top and buying during market fear.
Culture
Eminem, Snoop Dogg’s BAYC-inspired VMA performance slammed as money grab
Crypto-knowledgeable fans of Eminem and Snoop Dogg blasted the pair's VMA performance as "cringe" for promoting BAYC.
Research
Research: Bitcoin exchange outflows top $1B daily, while Ethereum sees net inflows
Exchange Net Position Change charts for Bitcoin and Ethereum show contrasting activity, pointing to bullish investor sentiment towards BTC, over ETH.
Adoption
Coinsilium CEO deems CBDCs a ‘small niche’ vs Bitcoin, other cryptocurrencies
Coinsilium CEO Eddy Travia said CBDCs will not bring down private cryptocurrencies as they fail to give consumers any advantage.