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Bitcoin drops to $27.3k; liquidations reach almost $200M
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
Bitcoin rally fueled by realization trustlessness is the only way forward
Ad Dylan LeClair said Bitcoin’s recent solid performance boils down to the understanding that trustlessness is the only way forward. The Research Analyst pointed out that, amid tough geopolitical and macroeconomic conditions, Bitcoin has managed to buck the broader market trend – thanks to the growing realization it has no counterparty risk. BTC has suffered…
CipherTrace report reveals almost 50% of crypto total market cap was lost in 2022
Ad The total market cap (TMC) of crypto assets lost nearly half of its value between January 2022 and September 2022, according to a recent report by crypto intelligence company CipherTrace. However, the report did note that the TMC grew over 20% between the third and fourth-quarter of 2022. Crypto market cap (Source: CipherTrace) According…
Investment in European crypto startups defied the 2022 bear market
Ad The crypto industry in Europe defied the bearish trends of 2022 and saw a record level of funding. Startups in the crypto space raised over $5.7 billion in 2022 while global and U.S. venture funding in the industry contracted. This is a notable increase from the $5 billion E.U. companies raised in 2021. Chart…
Uphold ends staking for US customers following SEC guidance
Ad Crypto exchange Uphold, which is integrated into the Brave Rewards program of the Brave browser, has sent an email to customers indicating that it will end its staking services to U.S. customers on April 27, 2023. Following recent moves by the SEC to crack down on crypto-related products and companies, Uphold announced that it…
USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Ad What we know so far about the SVB collapse and USDC/DAI depeg (updated): Crypto firm Circle reveals $3.3 billion stuck in SVB DAI/USDC depeg as stablecoin pressure continues after Silicon Valley bank collapse Binance suspended USDC conversions due to volatile market conditions Coinbase suspended USDC conversions “over the weekend while banks are closed” SVB…
Crypto liquidations top $300M as Bitcoin drops below $20k
Ad Bitcoin (BTC) tumbled below $20,000 for the first time since the beginning of the year and liquidated $123.25 million long positions held on the assets in the last 24 hours, according to Coinglass data. Across the broader crypto market, the total liquidations were $323.86 million over the last 24 hours, according to Coinglass data….
Crypto buyers flee the market as headwinds intensify, global market cap falls below $1T
Ad According to CryptoSlate data, the total crypto market cap fell below $1 trillion, marking a three-week low. Similarly, market leader Bitcoin lost $22,000 as bears took control. Recent days have seen the build-up of notable headwinds, including Silvergate going into voluntary liquidation and mounting speculation that the Fed will exercise a 50 basis point…
Friendsies NFT collection rug pulls, deactivates Twitter
Ad Popular NFT collection Friendsies tweeted Feb. 15 that it would pause its development, citing “challenging” market conditions as the primary reason for its hiatus. “We had the best intentions to create a genuine digital companion for the future,” the company tweeted. “However, the market’s volatility and difficulties have made it increasingly challenging to advance…