Newsletter Jun 28, 2022
Celsius' Lawyers Want To File Chapter 11 But DeFi Firm Asks Clients To HODL

Crypto lending firm Celsius is not willing to go through the painful and lengthy process associated with bankruptcy filing while lawyers advocate for Chapter 11 bankruptcy.

'Coordinated' Attacks: Tether CTO Confirms Crypto Hedge Funds, Traders Short The USDT Stablecoin

"There has been a real spike in the interest from traditional hedge funds which are taking a look at Tether and looking to short it," confirmed Genesis Global Trading.

Dogecoin Large Transactions Surge 118%; Musk Reveals Why He Supports DOGE

DOGE's prices surge 9% with increased trading volume.

Top 3 DeFi Projects With Robust Use Cases

[HOLD] The rapid emergence and evolution of DeFi have been attributed to the various technological and macro trends impacting the financial services industry.

Cryptoverse: Ether Holds Its Breath For The Lean, Mean 'Merge'

Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge.

SEC Chair Reaffirms Bitcoin Is A 'Commodity'

SEC Chair Gary Gensler called Bitcoin a "commodity" and added that all other cryptocurrencies show signs of being a security.

FTX CEO Confirms That The Exchange Has No Plans To Acquire Robinhood

FTX CEO Sam Bankman-Fried claims that the exchange is open to partner with Robinhood but has no plans of acquiring the firm.

Founder of China's BSN Slams Crypto, Calls It A Ponzi Scheme

The CEO of China's Blockchain-based Service Network (BSN) and Red Date Technology Yifan He called the crypto industry a Ponzi scheme in an article published in the state media.

Bitcoin Miners Sell Their Holdings Amid Crypto Winter's Chill

Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability.

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