FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly do market makers do? Source …
Celsius Network hires advisers ahead of potential bankruptcy: Report
Restructuring, bankruptcy, buyouts... media outlets are swarming with different reports on the next steps Celsius may take. Source …
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CBDC may threaten stablecoins, not Bitcoin: ARK36 exec
A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes. Source …
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Bitcoin hodler data hints BTC price ‘really close’ to bottom — nalysts
Short-term hodlers may be done with the bulk of their panic selling, while the Mayer Multiple shows buying the dip has rarely been more profitable. Source …
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Meet the Snoop Dogg impersonator who walked around NFT.NYC
Doop Snogg, the impersonator, was hired to “drum up excitement” at the NFT.NYC conference. Source …
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Iranian government to cut power supply for the country’s legal crypto mining rigs
For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable. Source …
Magic Internet Money token depegs as LUNA domino effect persists
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli. …
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