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%.
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The Protocol: ‘Private Jet Brandization’ Is One Way Polkadot Burnt Cash
Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.
Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures
The Basel Committee’s framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
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)
Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant
Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days.
Ethereum Builder Consensys Buys Wallet Guard to Strengthen MetaMask Security
The entire Wallet Guard team will join Consensys within the MetaMask Product Safety Team.
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.
Obol Labs Forms Industry Group to Push for Decentralized Validator Technology
As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of “distributed validator technology,” or DVT.