Markets

Markets

Markets

Bitcoin Bounce Fades; Minor Support at $30K-$36K

Sellers could remain active over the short term.

Bitcoin four-hour chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Terra's LUNA Jumps 15% as UST Stablecoin Gets $1B Bitcoin Reserve

LUNA's fortunes are closely tied to UST. The stablecoin's creation is facilitated by burning LUNA.

(Annie Spratt/Unsplash)

Markets

Cardano’s ADA Jumps Amid Recovery in Major Cryptos; Traders Remain Cautious

Prices of major cryptocurrencies were up as much as 16% on Wednesday after nearly a week of downslide.

LUNA hit resistance at $58. (TradingView)

Tech

‘Web3Memes’ Rugs $235K From Investors Five Hours After Issuance: PeckShield

Developers behind the meme coin moved 625 BNB in rugged funds via privacy tool Tornado Cash this morning.

rug, bazaar

Markets

Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale

The fresh funding will go toward a new reserve to help strengthen the peg for the UST stablecoin.

CoinDesk News Image

Markets

Bitcoin Downtrend Persists; Support at $30K

BTC is 43% off its all-time high near $69K, and upside appears limited.

Bitcoin daily price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Finance

Tether Slashes Commercial Paper Holdings by 21%

The largest stablecoin issuer by total supply released its latest attestation report on Tuesday.

USDT is the largest stablecoin by total supply. (DrawKit Illustrations/Unsplash)