Bear Market
Polygon co-founder addresses criticisms the project is just as bad as Solana
Sandeep Nailwal defends Polygon against claims it is a VC influenced, centralized project worse than Solana.
Samuel Wan 2 min read
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Exchanges
Crypto.com CEO addresses FUD,says he ‘has nothing to hide’
Kris Marszalek talked about his failed business from 20 years ago and said the lessons he learned then made him who he is today.
Analysis
Two metrics show Bitcoin in uptrend, historically a good time for risk-on assets
Both the SLRV Ratio and SLRV Ribbons show a confirmed BTC uptrend as indicators portray that the historical long-term bottom is in.
Latest Bear Market News & Analysis
Bankruptcy
Alameda’s capital portfolio reveals highest token investments in Polygon, Hole, and Port Finance
According to FTX/Alameda's spreadsheet, the portfolio of FTX/Alameda contains nearly 500 illiquid investments spread across 10 holding companies.
Lending
Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default
Nexus Mutual has initiated a withdrawal process for its remaining assets — roughly 12,887 ETH — from the M11 Credit pool.
Bear Market
Gemini formed an ad hoc committee to advocate for a solution for Earn users amid suspension of withdrawals
There have been ongoing discussions between Genesis, it's parent company Digital Currency Group Inc. (DCG) and DCG CEO Barry Silbert to find a resolution
Adoption
Over 66% of the total Bitcoin supply hasn’t moved in the last one year, setting a record
The amount of bitcoin that has not been moved out of wallets over a given period determines bitcoin's illiquid supply.
Partnerships
Circle and Concord terminate proposed business combination
The deal is set to expire on 10 Dec but can be extended to 31 Jan, 2023, should Concord decide to call a shareholder vote.
Bear Market
Bybit, Swyftx join layoff spree following FTX collapse
Anticipation of continued decline in global crypto trading volumes forces Bybit and Swyftx to layoff employees.
More Bear Market News Headlines
Bankruptcy
SBF had detailed info on Alameda’s finances as recently as March, Forbes reveals
Bankruptcy
FTX Japan to unfreeze withdrawals of client funds
Bankruptcy
Galaxy Digital wins bid for GK8 in Celsius bankruptcy asset auction
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