Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report
Crypto-focused hedge funds are increasingly shorting U.S. dollar-pegged stablecoin Tether (USDT) amid a bleak market outlook nearly a month...
Morgan Stanley: GPU Demand Likely to Slow if Ethereum Moves to Proof-of-Stake
If Ethereum moves to proof-of-stake (PoS), as planned, it will remove the need for miners, slow demand for graphics...
FTX Unit Buys Stock-Clearing Platform Embed to Expand Equity Trading Infrastructure
FTX.US liked working with stock-clearing company Embed Financial Technologies so much, it bought the company. FTX.US said Tuesday it...
Bitcoin Recovers to $21K, Traders Still Wary of Further Rally Due to Recession Fears
Bitcoin (BTC) continued the second day of gains on Tuesday to hold over the $21,000 level in European hours...
CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says
Crypto’s structural flaws make it an unsuitable basis for a monetary system, according to the Bank for International settlements...
Solana, Ether Lead Gains in Relief Rally, but Traders Say Macroeconomic Concerns Remain
Crypto markets saw a brief rally in the past 24 hours, adding some 9.7% to market capitalization after a...
Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures
Cryptocurrency exchange Bybit is planning to reduce its headcount after rising inflation and lower consumer spending drove crypto into...
Solend’s Whale Liquidation Crisis Prompts Second Vote to Reverse ‘Emergency Powers’
Solana DeFi protocol Solend is going back to the ballot box with a flash vote over whether to invalidate...
Lido Finance Warns Leverage Is a ‘Hell of a Drug’
Ethereum staking firm Lido Finance, whose derivative products are a component in the crisis currently engulfing firms like Celsius...
DeFiance, Avalanche, Dydx Distance Themselves From Three Arrows Capital Drama
Crypto fund DeFiance Capital, layer 1 project Avalanche and Ethereum-based trading tool dydx addressed community concerns today as investors...
Market Wrap: Fed Hikes Rates at Highest Level Since 1994, Bitcoin Rallies After
Bitcoin’s (BTC) price fluctuated after the Federal Reserve announced further monetary tightening on Wednesday, falling to as low as...
ECB Would Limit Digital Euro to Maximum 1.5T Euros, Panetta Says
Fabio Panetta, a member of the European Central Bank’s executive board, appeared before the European Parliament's Committee on Economic...
Nansen Seeks to Reshape Crypto Messaging With Blockchain-Compatible App
Blockchain analytics platform Nansen has launched what is said is an end-to-end encrypted messaging app for global crypto participants...
First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle
Good morning. Here’s what’s happening: Prices: Bitcoin and Ether continue to struggle. Insights: Crypto traders are pessimistic about bitcoin...
SEC Chair Gensler Suggests Lummis-Gillibrand Bill May ‘Undermine’ Market Protections
A bill intended to specify the rules and roles for crypto regulation could inadvertently "undermine" other market protections, Securities...
Morgan Stanley Says Ether Underperformance Echoes Crypto Downturn of 2018
The largest altcoin, ether (ETH), is underperforming bitcoin (BTC), just as it did during the downturn in crypto markets...