Chinese tech giant, Alibaba Group Holding Limited (BABA) saw its stock trade 6% higher after China’s Central Bank granted the permission to Ant Group to create a shell company. As per the Reuters report, the decision has made the investors hopeful that the government crackdown against companies listed in the […]

Summary: The team at Deribit has confirmed that Three Arrows Capital is a shareholder at the exchange. Deribit also hinted that its accounts possibly linked to Three Arrows Capital are in debt. However, the team at Deribit quelled fears of insolvency by stating that the exchange will remain financially healthy […]

Summary: The UK is looking to transform Britain into a crypto hub. However, the UK’s digital minister has issued caution as they want to have proper investor protections. The UK also wants to create measures to guarantee crypto will not be used for money laundering or circumventing global sanctions. The […]

Summary: OKX crypto exchange has updated its plans to weather the ongoing crypto winter. The team at OKX has stated that they plan to increase their workforce by 30% to 5,000 employees globally in 12 months. Additionally, OKX plans on maintaining gender balance. The team at the crypto exchange of […]

Fidelity’s Director of Global Macro Jurrien Timmer has recently said that Bitcoin’s “P/E” metric using the cryptocurrency’s price and network ratio, it’s back to levels last seen in 2017 and 2013, even though the cryptocurrency’s price is back to late 2020 levels. According to Timmer, valuation “often is more important […]

According to Protos, crypto lending platform Celsius has just 12% left of the Assets under Management (AuM) it declared in 2021. Celsius CEO had stated that the company owned $28.6 billion in AuM, but as of today, 151,534 BTC is all that is left. Just like Terra, is this the […]

An unscheduled ECB meeting spoiled an otherwise peaceful wait for the Fed’s interest rate decision later in the day. The ECB met in the backdrop of a massive surge in bond yields amidst the much anticipated 75 basis points hike in interest rates by the Fed. The Bank of England […]

On Monday, Bitcoin shed over 17%, dropping to levels last seen in December 2020 and extending losses that have gripped the cryptocurrency for the last seven or so months. On the other hand, Ethereum lost over 15.36% plummeting as low as $1,212. By the day’s close, the entire cryptocurrency market […]

Hayes highlights open interest data for BTC and ETH, which are at $20,000 and $1,000. He says the closer the market goes to those strike prices; the more will be sold, leading to a potentially large sell-off. The market crash has had an enormous impact on the growth of the […]

Texas-based energy company, Crescent Energy Company (CRGY), is trading 13% lower on the Monday trading session as the US market continues to slump into inflation. However, the company has not reported any stock-specific news to affect the stock. The company recorded its highest peak since the third week pf April […]