Banking
Politics
El Salvador President under fire over $18M loss after Bitcoin tumbles to $23k
Critics take aim at President Bukele as Bitcoin extends losses to sink under $23,000 for the first time since December 2020.
Price Watch
Plummeting crypto markets see no reprieve as Bitcoin loses $23,000
Panic selling sunk the total crypto market cap as low as $925 billion, marking a year-to-date loss of 58%.
Exchanges
Celsius pauses withdrawals amid market turmoil, triggering 74% drop in CEL
Crypto lending and borrowing platform Celsius has halted withdrawals, sparking more questions about the firm's solvency.
People
US Treasury Secretary Yellen advises against Bitcoin for retirement savings
Volatility and lack of fundamentals are cited as reasons why Bitcoin makes a terrible retirement savings vehicle. However, as the best performing asset of the last ten years, can it be ignored entirely?
Analysis
Bitcoin sinks in reaction to US Consumer Price Index hitting 40-year high at 8.6%
Bitcoin price is on a downtrend following the release of the latest US CPI data, which shows the index has hit a 40-year high.
Rumors
Do Kwon accused of siphoning $80M a month from failed Terra project
Fresh allegations against Do Kwon claim he withdrew hundred of millions of dollars from the Terra ecosystem before its collapse.
NFTs
Bored Ape Yacht Club loses spot as top NFT collection on OpenSea
The Bored Ape Yacht Club collection has dominated the NFT market since its launch, but changes in volume ranking indicate BAYC's crown is slipping.
Regulation
Top 5 Korean exchanges delist Litecoin, label it ‘dark coin’ following MWEB upgrade
The top five Korean exchange err on the side of caution and delist Litecoin for compliance reasons.
Exchanges
Coinbase reports bug preventing Solana cold storage access
A week after the "durable nonce" bug took down the Solana network, custodians have reported further problems.
Technology
LINK spikes 24% following Chainlink reveal of ‘Economics 2.0’ roadmap
Staking forms the key aspect of Economics 2.0, but as detailed by Chainlink, the process is more involved that simply locking up tokens for rewards.
Technology
Here’s what to expect as Vasil readies for Cardano roll out
Input Output updates on how the Vasil upgrade, which promises greater speed and scalability, is progressing.
Layer-2
Uncertainty looms over future of Ethereum layer 2s after Proof-of-Stake goes live
Ethereum is closing on the Merge, marking a major milestone in the path to Proof-of-Stake, and creating uncertainty for the future for ETH layers 2s.