
Crypto market massacre sees $78B in outflows: CryptoSlate Daily wMarket Update
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
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Xapo became the first licensed bank to integrate with the Lightning Network as Silvergate shuts down and Signature struggles.

Hayes said 1 NUSD would be created by depositing $1 Bitcoin on a derivative exchange and then shorting the same amount of Bitcoin on an inverse perpetual swap.

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

The significant USD liquidity decline shows Silvergate's role in connecting the traditional financial system and the crypto industry.

The total crypto market cap sinks below $1 trillion as the Silvergate crisis deepens and Fed hawkishness takes hold.

Mt. Gox's base repayment period has also been extended from Sept. 30 to Oct. 31, according to the announcement.



