Altcoins
First Mover Asia: Crypto Companies Struggle With Layoffs, but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike
The bear market has forced multiple organizations to cut their workforces, hurting morale and weakening the companies.
Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount
Investors had already largely priced in the U.S. central bank’s 75-basis point hike.
First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.
Market Wrap: Bitcoin Declines Further as Momentum Wanes
BTC is approaching support at about $20.5K; the options market implies concerns of additional price declines.
Investors Waiting for Safe Token Can Buy Gnosis Tokens for Now
Safe is planning to release a token, but the timeline isn't set.
First Mover Asia: Is DEX Efficiency a Long-Term Threat to Coinbase; Bitcoin Sinks Below $22K
Coinbase’s revenue dwarfs that of the decentralized exchange Uniswap but the two companies are generating roughly the same trading volume; ether plunges.
Market Wrap: Bitcoin Starts the Week in Negative Territory
Bitcoin declines on lower than average volume, offering lower prices but little conviction.
First Mover Asia: BTC Falls Below $22.4K; Coinbase Shares Remain Alluring for Institutional Investors
Cathie Wood’s Ark Invest, ETF issuer Exchange Traded Concepts, Cullinan Associates and Utah-based Refined Wealth Management all significantly added COIN to their portfolios as per June 30 filings.
Market Wrap: Bitcoin Finishes the Week in Positive Territory Again
Bitcoin finishes strong, sees correlations with traditional markets narrow to prior levels.
First Mover Asia: Does Tesla Really Believe in Bitcoin?; Altcoins Rise in Thursday Trading
The electric car maker became a proxy for investors looking to take a position in the cryptocurrency without buying it directly, but its recent jettisoning of $936 million of BTC suggests the company wasn’t all that committed to the asset.
