The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back.
cointelegraph.com
Celo network back online after almost 24-hour outage
It was the first time the Celo mainnet had gone down in more than two years.
UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K
Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years.
Ankr Network?s 2.0 upgrade aims to improve Web3 decentralization
Ankr is one of the largest remote procedure call (RPC) endpoint providers in the crypto space, which are critical for Web3 dApps that connect with blockchains.
Crypto markets need to hit ?total panic? before revival: Kevin O?Leary
The millionaire investor thinks that the market bottom will be marked by ” total panic,” at which point weak companies with ” idiot managers” will be weeded out and the industry can continue to grow.
OpenSea lays off 20% of its staff, citing ?crypto winter?
The bear market in Bitcoin and altcoins has had a negative impact on staffing levels at major crypto companies, including exchanges, lending platforms and marketplaces.
CleanSpark scoops up 1K+ mining rigs at ’substantially discounted price‘
” We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford.
Circle discloses full breakdown of $55.7B USDC reserves
As of June 30, about 75.6% of Circle?s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions.
3 reasons why Polygon (MATIC) is up 100%+ during a bear market
Steady adoption and internal growth back MATIC?s 118% gain, even as most altcoins struggle to hold on to their short-term gains.
CFTC labels 34 crypto and forex firms as unregistered foreign entities
„Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson.