Metaverse
Metaverse land prices’ collapse sparks debate on viability of virtual worlds
Trading volume and the average price of virtual land have crashed calling into question the validity of Metaverse investing.
Samuel Wan 3 min read
Bear Market News
Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.
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Investments
Bitcoin Stock-to-Flow model creator PlanB promotes ‘quant investing’ via ByBit to ‘100x’ HODL strategy
PlanB, the creator of the S2F model for Bitcoin is promoting copy trading on ByBit to followers claiming 100x returns compared to HODLing
Bear Market
Singapore-based Hodlnaut freezes customer accounts, drops license application
Crypto lender Hodlnaut said it suspended withdrawals, deposits and token swaps "due to recent market conditions."
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Banking
Pictet Group tells private banks to stay away from crypto
Pictet's Asia arm CEO Tee Fong Seng said that though cryptocurrencies have potential, now is not the right time for private banks to invest.
Lending
Virginia pension funds invest in crypto yield farming despite recent turmoil
Despite the recent liquidity crisis among several crypto lenders, the Fairfax county pension funds expect to earn "attractive yields."
Bear Market
Robinhood lays off nearly a quarter of its workforce amid crypto winter
Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market.
Earnings
CoinShares posts £8.2M Q2 loss due to one-off impairment hit from Terra
This is the first time London-based Coinshares has posted a negative quarter since its market debut.
Bear Market
South Korean VC firm Hashed lost more than $3 billion in LUNA collapse
Hashed CEO Simon Seojoon Kim confirmed to Bloomberg that the firm lost over $3 billion from investing in LUNA.
Bear Market
Match Group shelves Tinder Coin, Metaverse Dating after company swings to a loss in Q2
A net loss this quarter has Match re-thinking Metaverse Dating and Tinder Coin despite both being viewed as potential drivers of growth in the long-term.
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Research
Research: Could Bitcoin be positioned to thrive amid global bearish signals for the US economy?
Lending
Zipmex aims to slowly reinstate withdrawals of certain altcoins
Bankruptcy
US Women’s Soccer League sponsorship funds from Voyager in jeopardy after bankruptcy
Bankruptcy
