Crypto Tribune

Arthur Hayes, the former CEO of bitMEX, thinks the worst might be over for Bitcoin. He thinks BTC price may have reached the bottom and most of the whales have ran out of bitcoin to sell.

Biggest drop in CPI Headline YoY (0.64%) since April 2020

In this cycle, crypto institutions (market makers, companies, investors) are the dominant type of trader in the market, relative to retail investors being dominant in 2017/18

A hydro-powered Bitcoin mining project in Kenya helps power an entire rurul settlement while also lowering energy cost for 2,000 people, the Equivalent of 500 families.

Hong Kong Amends finance law to combine Crypto firms, the territory showed signs of relaxing it's tough regulations and becoming a more crypto-friendly environment.

Bad times for the Grayscale Bitcoin. GBTC is trading close to 50% below the BTC price on spot markets, data from Coinglass confirms.

Bitcoin's price is down over 60% year-to-date. Mike Novogratz updated his forecast that Bitcoin will reach $500,000 in the next five years.

Circle have ended their planned SPAC as the deal has "timed out"

UK-based crypto lender Nexo to win down their products and services in the United state due to clashes with US regulators.

After the collapse of FTX, Grayscale's Bitcoin Trust- which offers Bitcoin exposure through a fund structure hit an all-time low of -45.2%.

If you're wondering why BTC is holding up against so much deleveraging, it could be because on chain metrics indicate that long-term holders aren't selling.

According to a report released by Glassnode, smaller retail investors have turned increasingly bullish on BTC despite the ongoing market crises.

Brazil passed a law legalizing cryptocurrencies as a means of payment throughout the country, giving a regulatory boost to the adoption of digital currencies and the expansion of the ecosystem.

The new home of web3 is here. Port3 aims to build an infrastructure for social networking. A space built to make people feel at home no matter what their background.

Historical data around crypto crashes revealed that 14 crypto exchanges, together, were responsible for the loss of 1,195,000 BTC, 6.3% of the 19.2 Bitcoin currently in circulation.

Cardano developer Emurgo announced plans to issue a U.S dollar-pegged stablecoin. USDA will be the first regulated stablecoin on the blockchain that is backed by a fiat currency.

Bitcoin miner Hash price has plunged to a new all-time low of $58.3k per Exahash per day. The mining industry remains under immense pressure.

FTX owes more than $5.0bn USD, $1.41bn BTC, $800mm Tether and $670mm ETH, along with loans to BlockFi, Genesis and LayerZero totalling close to $9.0bn.

Since the sudden collapse of FTX, the number of BTC withdrawals on centralized exchanges reached a 17 month high, according to onchain analysis.

The payment company Curve is in active discussion to buy Block-fi's more than 87,000 credit cards, after blockFI announced it was suspending Withdrawals.