Market Analysis

Elon Musk Hints at Crypto Plans in First Twitter Meeting

Key Takeaways Elon Musk held a meeting with Twitter employees today to discuss plans for the social network following his takeover. Specifically, he discussed plans concerning the addition of crypto payments and plans to eliminate crypto scams. The buyout has not been finalized, but Twitter is providing Musk with data that will help the deal […]

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Market Analysis

BlockFi Took Part in Liquidating Three Arrows: Report

Key Takeaways On Tuesday, reports emerged that Three Arrows Capital suffered $400 million in liquidations from lending firms. Today, the Financial Times reported that BlockFi was one company that was involved in those liquidations. BlockFi has confirmed that it was involved in a large liquidation but did not explicitly confirm a connection to 3AC. BlockFi […]

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Market Analysis

Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. 8394 Total views 44 Total shares Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin […]

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Market Analysis

Celsius Investigated by Regulators in Four Different States

The SEC has reportedly gotten involved as the company struggles to remain solvent. Key Takeaways Celsius is being investigated by state securities regulators from Texas, Alabama, Kentucky and New Jersey following its decision to halt customer withdrawals. The company has been communicating with regulators. Celsius is facing liquidity problems after last week’s brutal market downturn. […]

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Market Analysis

Elon Musk Sued for $258B for Promoting Dogecoin

A disgruntled investor is ambitiously suing the world’s richest man for more money than he has. Key Takeaways An American citizen by the name of Keith Johnson is seeking $258 billion in damages from Elon Musk for promoting Dogecoin. Johnson claims Musk, Tesla and SpaceX were part of a “Crypto Pyramid Scheme” and were partaking […]

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Market Analysis

Further downside is expected, but multiple data points suggest Bitcoin is undervalued

Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected. 13071 Total views 59 Total shares The outlook across the cryptocurrency ecosystem continues to dim as the sharp downtrend that was initially sparked by the collapse of Terra (LUNA, now LUNC) […]

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Market Analysis

Circle Is Launching a Euro-Backed Stablecoin

Circle is expanding its stablecoin offerings with a new, fully-reserved stablecoin pegged to the euro. Key Takeaways Circle has introduced Euro Coin (EUROC), a new, fully-collateralized stablecoin pegged to the euro. EUROC is set to begin trading on the Ethereum network on Jun. 30, with native support for additional blockchains expected to follow. To date, […]

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Market Analysis

Gitcoin’s Kevin Owocki on Changing the World With Web3

Cover image edited by Mariia Kozyr. Key Takeaways Kevin Owocki is the founder of the Ethereum-based open source funding platform Gitcoin. Gitcoin accepts donations on the Ethereum blockchain and uses quadratic funding to match donations and raise funds for public goods in Web3. Owocki believes in a world in which Web3 could augment income for […]

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Market Analysis

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 token a day after it rebounded by 23% after dropping to almost $1,000, its […]

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Market Analysis

These 3 metrics suggest the Bitcoin price crash is not over

Bitcoin (BTC) near $20,000 is worrying the market, but after narrowly avoiding breaking support, is the worst really over? According to multiple on-chain indicators, it seems that max pain has yet to arrive this cycle. The stakes are high for many hodlers this week — almost 50% of the supply is being held at a […]

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