Ripple CEO Says They’ve Been Preparing for Crypto Winter With a Significant Cash Balance and Will Keep Hiring
Key takeaways: Brad Garlinghouse has stated that Ripple has been preparing for crypto winter with a significant cash balance; thus,...
Weekly overview
Coinbase Reduces Workforce By 18% Amid Looming U.S. Recession And Crypto Winter
Summary: The U.S.-based crypto company previously announced plans to halt hiring. CEO Brian Armstrong announced on Tuesday that the current...
Total Crypto Market Cap Falls Below $1 Trillion For The First Time Since February 2021
Summary: Crypto tokens continue to bleed as market uncertainty persists. Market leaders Bitcoin and Ethereum dipped over 15% on Monday....
Arthur Hayes Predicts if Bitcoin Breaks 20K Levels, Massive Sell Pressure Is Expected
Hayes highlights open interest data for BTC and ETH, which are at $20,000 and $1,000. He says the closer the...
Terra Community Member Suggests Do Kwon Used a Mystery Wallet with 20M LUNA to Sway Proposal Votes
Summary: Terra Community member Fatman has suggested that Do Kwon owns a mystery wallet with a 20 million LUNA airdrop....
MicroStrategy Could be Forced to Add More Bitcoin Collateral for its Loan if BTC Drops Below $21k
Summary: Bitcoin’s drop to a local low of $22,600 has rekindled discussions surrounding MicroStrategy’s possible margin call on its $205...
CZ: Binance Has a Healthy War Chest To Weather the Crypto Winter and Will Expand Hiring
Summary: Binance CEO, CZ, has said that the exchange has a healthy war chest to get through the ongoing crypto...
Binance.US Hit With A Class Action Law Suit Over Terra’s UST Stablecoin
Summary: Roche Freedman LLP submitted a class-action lawsuit on behalf of UST investors on Monday. The suit targets Binance.US and...
Nexo Offers To Acquire Celsius Network’s Collateralized Loan Portfolio
Nexo has announced that it wants to purchase qualifying assets from Celsius Network. Celsius Network suspended withdrawals until further notice...
Justin Sun’s Tron DAO Will Deploy $2 Billion To Counter TRX Shorts
Summary: Tron’s USDD algorithmic stablecoin depegged slightly on Monday. The event triggered massive shorting pressure on the TRX token and...
Bitcoin Holders Owning 1+ BTC Hits a New ATH of 851,921 Despite a Retest of sub-$27k Levels
Key takeaways: The number of Bitcoin addresses holding one or more BTC has hit a new all-time high of 851,921....
Terra’s Do Kwon Refutes Claims that He Siphoned off $2.7B From the Project Before LUNA’s and UST’s Collapse
Summary: Terra’s Do Kwon has refuted claims that he cashed out $2.7 Billion from the project before LUNA’s and UST’s...
Yuga Labs and BAYC Co-Founder Raises the Alarm on Possible Attack on the Projects’ Social Media Accounts, Especially Twitter
Key takeaways: Yuga Labs and Bored Ape Yacht Club Co-founder has warned that there may soon be an attack on...
MicroStrategy’s CEO Warns that Inflation has Not Peaked, and Neither has Bitcoin
Key takeaways: MicroStrategy’s CEO, Michael Saylor, has warned that the US inflation at 8.6% has not peaked. Mr. Saylor offers...
Bitcoin Falls Under $30,000 As U.S Inflation Hits 40-year High
Summary: Inflation in the U.S reached 8.9% according to the latest CPI report. Bitcoin reacted to the news with a...
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