Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations
Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.
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The Protocol: ‘Private Jet Brandization’ Is One Way Polkadot Burnt Cash
Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.
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Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures
The Basel Committee’s framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
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DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.
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Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant
Miner capitulation levels are now comparable with those in end of 2022, which was the market bottom after FTX implosion, CryptoQuant said.
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Biden’s Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report
It had been only 55% earlier in the day.
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Ethereum Builder Consensys Buys Wallet Guard to Strengthen MetaMask Security
Consensys has been active in the acquisition trail, last year buying blockchain microstructure designer Special Mechanisms Group and blockchain notifications service HAL, and wallet firm MyCrypto in 2022.
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CoinDesk 20 Performance Update: XRP and LTC Top Performers as Crypto Market Tumbles
The CoinDesk 20 index declined 4.2% since late Thursday afternoon.
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Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst
The world’s largest crypto has now declined 14% over the past four weeks.
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Obol Labs Forms Industry Group to Push for Decentralized Validator Technology
As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of “distributed validator technology,” or DVT.