Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.
Stablecoin USDN fell 4% as network upgrade is confirmed as "urgent measures" are implemented
Liam 'Akiba' Wright 2 min read 
The Bankruptcy court has approved $1.6 million as employee bonuses. Creditors committee will work with Voyager to cut cost by $46 million.
Sam Trabucco announced he will step down as Co-CEO of Alameda to focus on "traveling, visiting friends and family, working on "myself" and whatnot"
WeaveSphere is a technology conference held jointly by IBM and Evoke, and its 2022 theme is "Evolving Technology for the Future" which focuses on Web3 areas along with various others.
The digital asset market saw small outflows of up to $9 million, totaling $1 billion. The current market size is 55% smaller than the year average.
Genesis Trading CEO Michael Moro is exiting the firm after 7 years. Deals with 3AC under his leadership may have pushed the firm further into financial struggles as it cuts workforce by 20%
Crypto exchange Kraken's CEO Jesse Powell recently told Bloomberg that he's still bullish on Bitcoin and hopes the price will see the price of the expensive car brand Bugatti.
According to the community, the interview was more of a public relations stunt and a damage control attempt.
Celsius' total liabilities surpass its assets by $2.84 billion and its liquidity is expected to drop to negative $33.92 million by October.
