Bearish Run Intensifies as The Market Nears its Bottom
A rapid decrease in cryptocurrency values during another wild time led many analysts to predict a speedy market bottom. To learn more, read CNL.
Market News
Crypto is Better Than Top Company Stocks Despite Crash
Despite the gloomy nature of the crypto market, analyses show that over the past six years, cryptocurrency has provided investors with a greater return.
Markets Red as Coins Shift From Old to New Holders
Long-term investors’ will to continue amassing coin holdings has weakened. Concerns have been raised that the FTX disaster might make the crypto winter last longer.
SBF Sheds $15B Net Worth Overnight as Binance To Acquire FTX
Sam Bankman-Fried’s net worth is now at $991 million as Binance is set to acquire FTX. Read CNL for more details.
Concerns Over $1 Billion Crypto Hack Cause a 20% Drop In GALA
GALA coins worth more than $1 billion were created on a single blockchain address. Is Gala the next company to be added to a list of billion-dollar hacks?
Three Large Crypto Firms Layoff 10-30% of their Workforce
In just 12 hours, three prominent crypto-related firms have reportedly been laying off a massive amount of their workforce. Read CNL.
Crypto May Be a Wiser Bet Than Tech Stocks Today
Following the recent tragedies of Amazon and Meta, many are saying that investing in cryptocurrency is better than in tech stocks.
Asian Central Banks Tests CBDC Transactions
Countries representing 95% of the world’s GDP are now using or looking into CBDCs. Asian central banks have finished the latest CBDC transaction experiment. Asia-Pacific nations have led the way in digital innovation. Asian central banks have completed the world’s largest pilot of central bank digital currency transactions. This comes to light in an announcement by the Central Bank of the United Arab Emirates (CBUAE) on Wednesday. Project mBridge, which tests cross-border payments, included the pilot in its scope. They accomplished this by leveraging a shared platform built on distributed ledger technology (DLT). The issuing and trading of CBDCs by
Ex-DeFi Dev Andre Cronje Calls Strict Regulation Amid Crypto Crash
Ex-DeFi developer Andre Cronje calls regulators to impose stricter regulation amongst actors in the crypto space. Read CNL.
Survey Shows Asian Families Are Investing More In Crypto
Family offices and high-net-worth individuals in Asian countries are eager to invest in cryptocurrency or already hold digital assets
Rishi Sunak May Be the Reason Why Crypto Is Pumping
UK’s newest Prime Minister Rishi Sunak may be the reason why the crypto market is pumping. Read CNL for more information.
Crypto Short Sales Hit $700 Million as Markets Get Greener
Amid a rise in broader equity markets, crypto followed suit. Over $700million liquidations on shorts. The largest liquidation event since July 2021.
