Stone Ridge Shutting down Bitcoin Futures Fund, Returning Money to Investors

Stone Ridge’s Bitcoin Futures Fund suffers losses triggered by market downturn and competition. (Read More)

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Payments Firm Bolt Scraps $1.5B Proposed Acquisition of Crypto Firm Wyre

Bolt said that it has pulled out of a $1.5 billion deal to buy crypto firm Wyre amid market downturn. (Read More)

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Galaxy Digital’s Q2 Net Loss Tripled To $554.7 Million Amid Market Turmoil

Galaxy Digital said its net loss in the second quarter had risen three times the amount it experienced during the same period last year. The asset manager stated that the losses were triggered by the ongoing market downturn. (Read More)

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Coinbase to Revoke Job Offers Extended to Newly Employed Staff

Coinbase Global Inc, the largest trading platform in the United States is going all tough on its no-hiring plans which was announced by Emilie Choi, the firm’s President and COO about 2 weeks ago (Read More)

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Coinbase to Taper Down its Hiring Plans amidst Unfavorable Market

Nasdaq-listed cryptocurrency exchange, Coinbase Global Inc, is tapering down its plans to hire more staff this year as current market realities do not permit it. (Read More)

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Crypto Market Showing Signs Of Rebound Despite Evergrande Fears

Evergrande fears extending into crypto, but market showing some strength against global downturn fears. Covered: Market Down Then Up. Likelihood Of Rebound Continuing. Market Down Then Up. The crypto market is up slightly after falling over 10% in terms of global market cap. As of press time, the global market cap is in the 1.9 […]

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Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend

On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold on Tuesday, though both cryptocurrencies traded significantly lower [...]

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Bitcoin Records Over 12 Million Ordinal Inscriptions, Miners Accumulate $46 Million as BRC20 Market Cap Declines

As of June 18, the latest figures reveal over 12.49 million Ordinal inscriptions have been recorded on the Bitcoin blockchain. The inscription trend has yielded substantial gains for bitcoin miners, who have accumulated 1,732 BTC equivalent to $46 million using today’s exchange rates. However, the BRC20 economy, experiencing a significant decline in value, has suffered [...]

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Altcoins Feel the Heat: Crypto Market Theories Run Wild, While Proponents Seek Guidance

Amid the recent crackdown on two of the world’s largest crypto exchanges, cryptocurrency enthusiasts have been buzzing with discussions on various theories and investment strategies. While some have opted to sell their holdings in the face of uncertainty, others have taken a different approach. Rather than focusing on short-term gains, some crypto proponents are playing [...]

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