CRYPTO
Ethereum Drops 22% as the Value of the Cryptocurrency Market Drops Below $2 Trillion
On Monday morning, Ethereum plunged more than 20%, a victim of a severely wounded cryptocurrency market that seems to have been pulled down by alarming indications of a possible impending global recession. With the early wake-up call of a carnage on Monday, ETH fell almost 22%, from almost $3,000 to $2,280 at the time of…
Before the opening bell, MicroStrategy was down 29% as losses in Bitcoin battered cryptocurrency stocks.
Pre-market trading for U.S. stocks tied to cryptocurrencies has seen a steep decrease ahead of the opening bell, reflecting the dramatic decline in the larger crypto market. The sell-off has sent shockwaves through the ecosystem of digital assets and was brought on by a confluence of factors such as regulatory concerns, macroeconomic uncertainties, and geopolitical…
Amid Fears of the US Recession, Digital Asset Products See $528M in Outflows: CoinShares
$528 million was pulled out of digital asset investment products last week, the first decline in four weeks. According to a recent analysis from CoinShares, the flight is thought to be a reaction to growing worries about a possible US recession, which are exacerbated by geopolitical unpredictabilities and the ensuing mass liquidations across a variety…
BELIEVE IT OR NOT…..
AI Acquires All of Its Knowledge from People. Will AI Teach Humans Anything, Too? One of the best go players in the world, Lee Sedol, was defeated by an artificial intelligence program named AlphaGo in 2016, taking the lead in four out of five games. By seeing how human players play the game and competing…
The largest USD-supported exchange by spot cryptocurrency trading volume in July is Crypto.com.
Among exchanges that support USD, Crypto.com held the largest market share in spot cryptocurrency trading volume in July. The Block Data Dashboard reports that Crypto.com, with a 38.5% market share in spot cryptocurrency trading volume, ranked #1 for the first time in more than two years. Coinbase came in second place with 35.8% of the…
Leading the $50 million fundraising for Morpho Labs, a decentralized lending startup, is Ribbit Capital.
The decentralized lending startup Morpho Labs acquired $50 million in investment, with Ribbit Capital leading the round. According to an announcement from Morpho Labs, additional funders included a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, Kraken Ventures, Hack VC, IOSG, Rockaway, L1D, Semantic, Mirana, Cherry, Fenbushi, LeadBlock Bitpanda Ventures, Robot Ventures, and others. Paul…
Details of Asia’s First Bitcoin Inverse Product to Be Released on the Hong Kong Stock Exchange
Later this month, the Stock Exchange of Hong Kong (HKEX) is expected to introduce Asia’s first-ever Bitcoin inverse product.The fund, known as CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376:HK), is intended to offer inverse exposure to the fluctuations in the price of BTC. Important Fund Information The next Bitcoin inverse product is scheduled to…
A 25% Increase to $0.25 in Kaspa’s Bullish Explosion Rally
Kaspa accumulation phase continues with a 70% volume increase while exhibiting a noticeable bull run in motion. Following the breach of the above trendline, $KAS is poised for a massive 25% surge.In contrast to the majority of popular altcoins, Kaspa has shown steady growth over the last several months. Disregarding the bearish trend in the…