Arthur Hayes predicts Ethereum will reach $5K after merge if Fed pivots
Hayes revealed that the current price of Ethereum represents a huge buying opportunity for investors as it is currently selling 76% below his model price of $2815.
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.
Crypto shines in spite of dire macro conditions
BTC continuously holding above $20k and ETH being far from the sub $1,000 mark have been taken as a sign of strength by the market.
Bitcoin-GDP correlation may explain drop in price as US enters a technical recession
The correlation between Bitcoin and GDP is an interesting metric that few investors analyze. Over the past 5 years Bitcoin has rallied only when GDP is increases quarter on quarter
El Salvador seeks to buy back $1.6B of debt to quell default fears
President Nayib Bukele said the country will repurchase all sovereign bonds maturing between 2023 and 2025 at market prices.
Federal Reserve announces 75bps rate hike; Bitcoin up 3% following the news
The FOMC meeting statement has revealed a 75bp interest rate hike - Bitcoin was up 3% after the news broke.
What will the FED decide today? Last chance for interest rate hikes before 2 month hiatus
The crypto market is undecided on how it will react to another FED rate hike today. Expectation of a 75 basis point increase may be priced in but will the FOMC meeting lead to a record setting 100 basis point increase?
Crypto crash did not adversely affect broader financial system, IMF says
The IMF said the rising inflation rate and the possibility of a recession caused by the Ukraine war and continued COVID lockdowns has battered the world's economy.
White House alters the definition of a recession to avoid one
Policymakers have changed the conventional meaning of a recession to prevent the economy from falling into one.
Bitcoin, Ethereum shed gains before looming Fed interest rate hike
With the Federal Reserve expected to raise the interest rate by at least 75 basis points on July 27, the crypto market cap has shed roughly 4%.
How will the “Everything Bubble” bursting impact crypto?
Gaurav Dubey, the CEO of TDeFi, says a cataclysmic economic meltdown could be good for cryptocurrencies.
Morgan Stanley is willing to buy El Salvador bonds despite poor performance
El Salvador’s $7.7 billion Eurobonds is performing poorly despite having better numbers than countries in a similar position.
Sri Lankan officials maintain crypto snub despite economic collapse
The Sri Lankan government remains anti-crypto and the central bank issued a new notice on the matter to warn citizens.
Op-Ed: Why crypto bailouts are a double-edged sword
Crypto originated as an response of the 2008 global financial crisis and its bailouts, but after more than a decade of success things seem to have come full circle
Salvadorian entrepreneurs can now claim a $100,000 Bitcoin grant
The initiative appears to be a response to re-developing the capital's Soyapango district, which has a reputation for gang violence.
Price volatility strengthens public opinion against Bitcoin in El Salvador
Recent volatility has cast further doubt on the Bitcoin experiment, but El Salvador's risk exposure remain low.
The worst is yet to come for the crypto market, experts say
Industry experts told CryptoSlate there is "no sign of a bottom yet" but crypto winter could be as short as a few weeks.