Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?
BTC slipped below $26,000 amid the crypto market mayhem.
Things in Crypto We’re Freaking Out About
With a nod to Sam Bankman-Fried, CoinDesk staff crowdsource their fears, anxieties and disappointments — for your enjoyment!
As Congress Bickers, the Rest of World Recognizes Stablecoins
House Financial Services Committee Chair Patrick McHenry (left) and Ranking Member Maxine Waters (Alex Wong/Getty Images)
Saying Goodbye to The Airdrop
But CoinDesk is not abandoning Web3 content.
First Mover Americas: Bitcoin Tumbles Below $26.5K
The latest price moves in bitcoin (BTC) and crypto markets in context for August 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Lender Exactly Hit by $12M Bridge Exploit
Exactly Protocol, a decentralized credit market on the Optimism (OP) blockchain, has been targeted by a bridge exploit worth as much as $12 million.
Single Trader Lost $55M on Ether Long Yesterday
That was nearly 30% of all liquidated futures on Binance, the data shows.
Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk
Funding rates tanked on several exchanges, indicating a steep discount in bitcoin perpetual futures.
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.
No, Elon Musk’s SpaceX Isn’t the Cause of This Multi-Billion-Dollar Bitcoin Bloodbath
Bitcoin prices fell suddenly late on Thursday amid reports of hundreds of millions in sales, triggering a bloodbath across futures and spot markets.