Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst
Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research.
Markets
Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations
Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.
DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.
Biden’s Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report
Will he stay or will he go? (Justin Sullivan/Getty Images)
CoinDesk 20 Performance Update: XRP and LTC Top Performers as Crypto Market Tumbles
The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher.
Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst
BTC has already dropped 14% in four weeks.
First Mover Americas: Bitcoin Falls to $60K as Mt. Gox Overhang Looms
The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Solana Meme Coin MEW’s Cat Character to Feature on Trending Telegram Mini Game
The MEW character will be featured on TON, the network where Pixelverse’s Telegram mini-games operate, in a first for a Solana meme coin.
Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.
TradFi Liquidity Stress Indicator Surges. What Does It Mean for BTC?
The secured overnight financing rate surged Monday, indicating liquidity stress in the U.S. banking system.