Bear Market News
Major sell-off sees total crypto market cap dip to $900B
The Merge hangover continues for Ethereum. On the macro front, the sell-off is likely due to markets pricing in this week's Fed rate hike.
Vietnam leads global crypto adoption, U.S. comes fifth
Chainalysis's new report revealed that Vietnam, Philippines and Ukraine are the top three countries with highest adoption, while the U.S. comes fifth in line.
Celsius seeks court approval to sell $23M worth of stablecoin assets
Celsius is looking to sell the stablecoins to generate more liquidity to fund its business operations.
Research: As the merge approaches, on-chain data suggests ETH used as store of value
Ethereum may be a better store of value than Bitcoin according to on-chain data.
Op-ed: Zoom out
Education is an essential companion to financial freedom. Crypto is a wild west on the best of day so we must better educate others, especially the unbanked, to ensure a safe experience within our industry.
Liquidations reach $96M in half a day as Bitcoin breaks $21K
Short positions compensated for 77% of the $96 million that got liquidated in the last 12 hours.
US banks must maintain cautious approach to crypto, says acting OCC head
National banks and federal savings associations (FSA) intending to offer crypto must undergo stringent vetting processes.
Bankrupt crypto lender Voyager set to auction off its assets on Sept. 13
Voyager said it had received multiplied bids from over 22 parties interested in buying up its assets.
Research: Quantitative Tightening has potential to be the most disruptive ever
The Federal Reserve has one core tool to combat inflation in Quantitative Tightening. Macro data suggests the upcoming period of QT will be more turbulent than ever before.
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.
Bitcoin loses $19k as $100M is liquidated in less than 4 hours
There have been $407 million in liquidations in the past 24 hours as Bitcoin tests the $19k support
Helium down 55% in last 30 days as challenges run rife
Helium's market cap has drastically declined by over 50%, dropping from over $1 billion to around $490 million.
Research: HODL waves show short-term holders at level lower than 2019 bear market bottom
On-chain data indicates a drastic fall in short-term Bitcoin holders with the number dropping to 27.4%. Market bottoms historically correlate with short-term holders falling below 29%
Celsius expects to receive $70M loan repayment to fund operations beyond November
Celsius expects to receive extra $70 million in loan repayment by Oct. 7 and retain over $42 million by the end of November.
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.
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.
Research: The Fed will huff and puff and blow your house down as it begins quantitative tightening
Institutions are worried about the effects QT will have on the financial market. You should be more worried about the effects it will have on housing.