Markets News
FTX Finalises Deal with BlockFi, Option to Buy for Up to $240 Million
Embattled crypto lender BlockFi has signed a deal with FTX US, the American arm of Sam Bankman-Fried’s crypto exchange, which will see FTX...
FTX Founder ‘SBF’ Warns Some Crypto Exchanges Are ‘Already Insolvent’
One of the richest men in crypto, 30-year-old FTX founder and CEO Sam Bankman-Fried (also known as SBF), has warned that some “third-t...
BTC Crashes Below 2017’s Previous All-Time High, Hitting $17,500
For the first time since December 2020, bitcoin dropped below US$20,000 as crypto markets tumbled this past weekend amid US$600 million bein...
Crypto Spiral Halted as US Fed Increases Rate for First Time in 28 Years
The US Federal Reserve (Fed) has raised interest rates by 75 basis points, the biggest rate hike since 1994, as part of an ongoing effort to...
Rare On-Chain Metric Demonstrates We’re in the ‘Darkest Phase of the Bear’
In its latest report, on-chain analytics firm Glassnode indicates that after closing negative for 10 out of the prior 11 weeks, Bitcoin has ...
BlockFi and Crypto.com to Shed 400+ Jobs Amid Crypto Rout
Lending platform BlockFi and major cryptocurrency exchange Crypto.com are set to cut more than 400 jobs between them in the wake of this wee...
Tron to Deploy $2 Billion to Stabilise Broken USDD Stablecoin Peg
Tron blockchain founder Justin Sun has declared that US$2 billion will be deployed to “fight” investors shorting Tron’s native cur...
Crypto Markets Shed $100 Billion Amid Highest US CPI Print in 40 Years
Bitcoin and other cryptocurrencies took a major tumble this past weekend, accelerating into the week, following the release of the latest of...
Ethereum Transaction Volume Down 80% Amid Decreasing NFT Interest
Crypto analytics firm IntoTheBlock reports that Ethereum transaction volume is down 80 percent from the same period last year, due in large ...
STEPN’s Move-to-Earn GMT Token Tanks 40% After China Ban
The Solana-based move-to-earn game STEPN saw its governance token GMT plunge almost 40 percent in 24 hours, according to CoinGecko, followin...
Bitcoin Enters Record 8th Week in the Red
To the disappointment of investors, Bitcoin has logged its eighth red candle, setting a record for the currency. According to data graphed b...
Crypto Retail Investors Drop to 24% of Volume, Indicator Still Showing ‘Extreme Fear’
Retail investors are deserting the crypto market, with just over three-quarters of Q1 2022 trading volume at Coinbase coming from institutio...