Reports: FTX Targeting BlockFi Purchase At $25M

BlockFi, Celsius, Nexo, and more: tough times can lead to difficult measures, and this year’s bear market is showing no exception to some of these players.

21Shares responds to bear market with crypto winter ETP

The Swiss crypto ETP issuer wants to make it easier for investors to get exposure to Bitcoin amid extreme fear on the market. 21Shares, a global issuer of crypto exchange-traded products (ETP), is taking action to respond to the current bear market by launching crypto winter-focused investment tools.The company has rolled out the 21Shares Bitcoin Core ETP (CBTC), an ETP specifically designed to offer low-cost exposure to Bitcoin (BTC) am to the ongoing market sell-off.The physically-backed Bitcoin ETP started trading on the SIX Swiss Exchange on June 29, with a total expense ratio of 21 basis points, selected to reflect the 21 million cap on Bitcoin.

MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds

The DAO intends to generate yield with its native DAI stablecoin via traditional investments in US treasuries and possibly even corporate bonds. MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai stablecoins into a combination of US treasuries and bonds.Following a straw poll in a governance 'Signal Request,' the decentralized autonomous organization (DAO) members now must decide whether the dormant DAI should go entirely into short-term treasuries or split 80% into treasuries and 20% into corporate bonds.The Maker Governance votes to determine how to allocate 500 million DAI between different investment strategies.This allocation poll is a result of the passage of MIP65: Monetalis Clydesdale: Liquid Bond Strategy & Execution.A recap on how it would work. 1/

Bear market will last until crypto apps are actually useful: Mark Cuban

The billionaire investor said a bigger focus on applications and utility outside of finance would bring more back to the crypto space and possibly reverse the declining market. Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won't be over until there’s a better focus on applications with utility.He also doesn’t think the market has hit “cheap” prices yet.

Snoop Dogg: Crypto Bear Market ‘Weeded Out’ Those ‘Abusing the Opportunities’

He also said record labels soon will realize their IP is “better served on the blockchain than sitting in the catalog collecting cobwebs.”

Bitcoin miner Mawson to defer all major capital expenditures until market conditions normalize

The bear market is affecting all segments of the crypto industry, including Bitcoin miners, which have seen their revenues decline sharply this year.

Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’

The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021.

Must staking and liquidity pool lock-ups change to see crypto mass adoption?

Will the wave of lending protocols struggling in the bear market stimulate the development of alternative solutions to create more sustainable investment opportunities? The recent downturn in the broader crypto landscape has highlighted several flaws inherent with proof-of-stake (PoS) networks and Web3 protocols.

Glassnode Deems 2022 Bear Market As The Most Atrocious For BTC And All Cryptocurrencies

According to the details, this year’s bearish market trend is the worst in history for BTC and other coins.

Crypto Data Firm Kaiko Raises $53M, Defying Bear Market

Kaiko has raised fresh funds to strengthen its position in the crypto data market, tripling its valuation.

'Crypto is just like the end of the 90s with the internet bubble,' says Hodl CEO Maurice Mureau

Mureau remains bullish on crypto's outlook despite a severe bear market in recent months.

Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

Bitcoin and altcoins are facing profit-booking after the recent relief rally, but charts suggest that a revisit to recent swing lows could be in store. Bitcoin’s (BTC) current bear market is one of the worst, according to a report by on-chain analytics firm Glassnode.

Bitcoin Funds Saw $453M in Outflows Last Week: CoinShares

The ProShares Short Bitcoin Strategy ETF also saw $15.3 million in inflows amid the ongoing crypto bear market.

Australian Crypto Firm Banxa to Cut Staff by 30% Citing ‘Another Crypto Winter’

Banxa is slashing its headcount from 230 to 160 as the crypto industry’s ongoing bear market continues to weigh heavy.

Dogecoin price could rally 20% in July with this bullish reversal pattern

DOGE's bullish pattern has reached its profit target 79 out of a hundred times in its financial history. Dogecoin (DOGE) looks ready to extend its rebound move despite the current crypto bear market.79% chances DOGE will extend its rebound moveDOGE's price appears to have been painting a "bump-and-run-reversal (BARR) bottom" since May 11, a technical pattern that points to extended trend reversals in a bear market.

Aussie Crypto Operator Lays off 40% of Staff Citing Crypto Winter: Report

Banxa is the latest crypto player to dismiss some employees due to the bear market, announcing its team will shrink from 250 people to 150 individuals.

2022 bear market has been the worst on record — Glassnode

Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history. Several factors have contributed to making the current crypto bear market the worst ever recorded as most Bitcoin traders are underwater and continue to sell at a loss, according to Glassnode.Blockchain analysis firm Glassnode’s June 24 report titled A Bear of Historic Proportions outlines how Bitcoin’s current dip below the 200-day moving average (MA), negative deviation from realized price, and net realized losses have conspired to make 2022 the worst in Bitcoin’s history.“In the midst of this, Bitcoin and Ethereum have both traded below their previous cycle ATHs which is a first in history.

BlockFi to Raise Interest Rates on Crypto Deposits, despite Encounter Bear Market

BlockFi has revised upwards interest rates on cryptocurrency deposits with effect from 1st July.

Cardano: Is ADA all set for a bull marathon amid the successful roll out of node 1.35.0?  

Top crypto projects such as Cardano [ADA] seem to have doubled down on their growth and development during the bear market.

Uniswap Slingshots 45% – Can UNI Blaze Past Its 7-Day Rally?

Uniswap is once again hogging the headlines following the token’s comeback in the wake of optimistic signs that the bear market may be winding down.

Binance Eyeing Up to 100 Deals in the Crypto Space Amid the Bear Market, According to CEO Changpeng Zhao

Binance CEO Changpeng Zhao says the biggest crypto exchange by volume is currently hunting for deals in the crypto market.

Trader Who Called Bitcoin 2018 Collapse Warns BTC an ‘Outstanding’ Speculative Asset That Could Be Usurped

The veteran trader who nailed Bitcoin’s 2018 bear market collapse says Bitcoin (BTC) serves a wholly different purpose than what’s advertised.

Bitpanda announces layoffs citing no compromise on product quality

Witnessing the crypto crashes over the past several weeks from a front-row seat, Bitpanda made the “tough decision” of cutting down its employee headcount to roughly 730 people. Austrian crypto and stock trading platform Bitpanda joins the growing list of companies to announce a mass layoff as it aims to “get out of it financially healthy” amid an unforgiving bear market.Over the past several weeks, the bear market resulted in numerous catastrophic outcomes for many ecosystems such as Terra’s (LUNA) and Abracadabra’s Magic Internet Money (MIM) de-pegging fiasco.

Bitcoin [BTC]: Assessing how deep are we into the bear market

Bitcoin, the largest cryptocurrency has had its fair share of bear markets experiences in the past.

Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum

The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and many of the these tokens registered double-digit gains. This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash.

Crypto Biz: Crypto was in full swing at Collision Conference, June 17-23

Despite the bear market in Bitcoin and altcoins, the industry's builders continue to build for a brighter future.

Cardano (ADA) Founder Charles Hoskinson Says Bear Market Makes Crypto Industry Collaboration Easier – Here’s Why

Cardano (ADA) founder Charles Hoskinson says the bear market is creating an opportunity to build a regulatory framework for crypto.

Huobi Futures offers suite of crypto derivatives products to ride the bear market

The price of the world’s largest cryptocurrency, Bitcoin, has plummeted to below US$18,000 this month to test its lowest level in two years.

Will ‘Bitcoin catharsis’ end soon? This alpha factor might be key

The current bear market calls for the skills of 'Tsujigiri.' Well, if you are an investor or a trader thinking 'Life’s but a walking shadow,' then acquaint thyself with celebrated American investor The post Will ‘Bitcoin catharsis’ end soon? This alpha factor might be key appeared first on AMBCrypto.

Analyst Who Predicted Bitcoin Crash Far in Advance Forecasts Imminent Crypto Market Shift

The pseudonymous crypto analyst who predicted the current Bitcoin (BTC) bear market says digital assets will present excellent trading opportunities in the coming days.