Crypto Lender Blockfi Bags $250 Credit Facility From FTX
Summary: Blockfi announced a massive credit facility secured from crypto exchange FTX. The deal is worth $250 million according to CEO Zac Prince. Blockfi plans to use the funds to…
Cardano (ADA) Price Down Today As Vasil Hard Fork Pushed To July 2022
Summary: The Vasil Hard Fork will not happen on June 29, 2022, as previously scheduled. Developers need more time to fix seven bugs before shipping the update, per reports. IOHK’s…
Cloudflare Outage Briefly Affects Multiple Crypto Exchanges
Cloudflare experienced a brief outage, leading to multiple websites being inaccessible. FTX, Bitfinex, and OKX were all affected by the outage. Some have called for web3 alternatives, at a time…
Bybit is Reportedly Looking to Reduce its Workforce by 20 – 30% as Crypto Winter Bites
Summary: The Bybit crypto exchange is looking to reduce the organization’s size amidst the ongoing crypto winter. Bybit could reduce its workforce by a staggering 20% to 30% as it…
WeChat Warns China Users Against Using the App to Trade Crypto and NFTs
Summary: WeChat has warned users in China against using the app to trade cryptocurrencies and NFTs. The warning reiterates China’s government directive to ban crypto trading and mining within its…
Purpose Bitcoin ETF Puked 24.5k BTC on Friday, Leading to the Weekend Low of $17.6k – Arthur Hayes
Summary: Arthur Hayes has highlighted that the Purpose Bitcoin ETF offloaded 24.5k BTC into the markets on Friday’s close. Bitcoin went on to drop to the local low of $17,600…
Solend Backpedals on Proposal to Take Over Solana Whale Account, Cites Community Feedback and Improved Crypto Market Conditions
Summary: The Solend team has done a one-eighty-degree turn on an approved proposal to take over a Solana whale account facing liquidation that could have strained the platform’s liquidity. The…
Solana Price Soars as SBF and Alameda Step In to Prevent Crypto Collapse
Summary: FTX CEO Sam Bankman-Fried said there’s a responsibility to step in and safeguard the crypto ecosystem amid significantly uncertain market conditions. SBF’s Alameda Research recently supported Voyager Digital with…
Celsius Cancels AMA and Twitter Spaces Amid Paused Withdrawals
Summary: The crypto yield service halted withdrawals over a week ago citing turbulent market conditions. All client transactions were affected and the matter remains unresolved. Celsius said they’re in touch…
“Hostile Market Conditions” Force Bancor (BNT) To Suspend Impermanent Loss Protection
Bancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize. Bancor is the latest entity to take action as the effects of…
Terra Developers Banned From Leaving South Korea
Summary: Mr. A claims to have inside knowledge of certain dealings by CEO Do Kwon. Investigators want to prevent the individual from leaving the country. Do Kwon claimed to cash…
Dogecoin Soars Despite The Volatile Crypto Market Conditions
Elon Musk’s tweet has made Dogecoin soar 5% in the last 24 hours Musk had asserted that he will continue to Doge despite volatile market conditions Elon Musk’s tweet has…
Alameda Research lends Voyager Digital 200M USDC and 15k Bitcoin to Safeguard Customer Assets During the Bear Market
Key takeaways: Sam Bankman-Fried’s Alameda Research has lent Voyager digital 200 million USDC and 15k Bitcoin. The digital assets are meant to safeguard Voyager Digital’s customers’ assets during the current…
Solend Team Proposes to ‘Take Over’ a Solana Whale Account Facing Liquidation That Could Affect the DEX’s Liquidity
Summary: The team at Solend is concerned that a Solana whale might be liquidated, causing a cascade of liquidations that would hurt the platform’s liquidity. The Solend team has attempted…
Stop Looking at the BTC Chart, Your Bitcoin Investment is Safe and Will Grow After the Bear Market, Says President Bukele
Key takeaways: El Salvador’s President Nayib Bukele has advised crypto traders to stop looking at the Bitcoin chart and enjoy life. President Bukele also reassured Bitcoin holders that their investment…