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” Elusive Bitcoin ETF: Hester Peirce criticizes lack of legal clarity for crypto “ The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome. This was recently highlighted by Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom”…
” Mark Cuban says crypto crash highlights Warren Buffett’s wisdom “ Billionaire crypto investor and owner of the Dallas Mavericks Mark Cuban says the current market downturn reminds him of a well-known adage uttered by Warren Buffett. Cuban sees a parallel between the rise and fall of crypto markets and projects, and the 91-year-old ‘Oracle…
” 126% return for stock market short-sellers who smelled blood in crypto waters “ Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector “held a candle” to the blockchain industry, with crypto company short-sellers profits up 126% in 2022, according new data. On Thursday, technology…
” SOL price trending toward yearly low as Solana TVL drops $870M in three days “ Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve’s 0.75% interest rate hike a day before. Solana price rebound fizzles Notably, SOL/USD plunged nearly 17% to $30 a token,…
” Ethereum sell-off resumes with ETH price risking another 25% decline in June “ Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk. Ether bulls trapped? Ether’s price slipped by 9.2% to around $1,120 per…
” ‘Builders rejoice’: Experts on why bear markets are good for Bitcoin “ The crisis has triggered a wave of panic in the community, with the Bitcoin miners’ selling activity surging to seven-month highs as the BTC mining profitability has dropped to October 2020 levels. Bitcoin’s Fear and Greed Index fell posted the lowest records…
” Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation “ Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of 3AC’s insolvency stay afloat. In a Twitter thread, Yuan explained their company’s…
” 71% of high net worth individuals have invested in digital assets: Survey “ High net worth individuals (HNWI) have embraced cryptocurrencies and other digital assets, with 71% of wealthy individuals investing in digital assets according to a new survey. Technology consulting company Capgemini released its 2022 World Wealth Report on June 14. It polled…
” ‘Cheaper than it looks’: Fidelity exec says BTC undervalued and oversold “ Jurrien Timmer, Fidelity’s director of global macro, has argued that Bitcoin (BTC) may be “cheaper than it looks”, highlighting evidence on Tuesday that the cryptocurrency may be both undervalued and oversold. Addressing his 126,000 Twitter followers, Timmer explained that while Bitcoin has…
” True Global Ventures doubles down on Web3 with $146M ‘follow-on’ fund “ Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects — highlighting investors’ continued interest in crypto despite an ongoing bear market. The latest…