Bear Market
Audits firms Armanino, Mazars ditch crypto clients in wake of pushback
Armanino and Mazars are set to cease working with crypto clients amid a string of controversies.
Samuel Wan 3 min read
Bear Market News
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Top Bear Market Stories
Investments
Amber Group reportedly looking to downsize despite raising $300M
Amber group is allegedly looking to lay off 400 people and cancel performance-based bonuses.
Analysis
Bitcoin outperforms Layer 1s SOL, ETH, DOT, BNB, ATOM in December
Bitcoin surges in price and dominance against everything else as the holiday season approaches.
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Exchanges
CZ discusses FUD, rumors, and more in latest Twitter Space
Binance CEO, CZ answers questions in latest Twitter space, denies rumors, and advises against withdrawing funds from exchanges.
Analysis
Crypto stocks plunge to record lows, GBTC at 50% discount despite Bitcoin uptick
According to CryptoSlate data, BTC is up 2.2% in the last 24 hours while COIN hits all-time low, GBTC falls to 50% discount, mining stocks capitulate
Bear Market
Total crypto market cap makes 4 week high to $874B following CPI release
Significant capital inflows suggest investor confidence is on the up despite wider macro factors and the FTX saga.
Exchanges
Binance sees the largest outflow of stablecoins in 24 hours
While Binance has recently gone through an outpouring of stablecoins, Nansen estimates it still holds $30 billion worth of stablecoins
Analysis
BTC on exchanges falls to new lows since 2018
Currently, less than 12% of all Bitcoin supply is held on exchanges while Binance and Coinbase account for 5.5%.
Bear Market
Justin Sun deposits $100 million to Binance amid FUD campaign
TRON founder Justin Sun sends 100 million USDC to Binance as social media warnings about the exchange ramp up.
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Bankruptcy
FTX debtors attempt to seal corporate identities to obfuscate bankruptcy proceedings
Adoption
Senator Lummis ‘comfortable’ including Bitcoin in retirement funds amid bear market
Bankruptcy
SBF admits responsibility for FTX failure in Twitter space but remains vague on details
Adoption