The crypto market faces challenges with prominent losses led by Solana and Cardano. Market speculation surrounds meme coins Dogecoin and Floki, driven by adoption hopes and increased trading volumes. Additionally, Terraform Labs, the developer of the failed TerraUSD, has filed for bankruptcy, navigating legal proceedings amidst significant financial uncertainties.
BerniceBitcoin tests resistance at $49,000, but a downturn breaches key supports at $45,000, signaling a short-term bearish trend. Critical resistance lies at $43,250, while downside risks persist below $41,500. Traders closely monitor these levels for market direction.
EdmundThese compliance violations are estimated to have caused a cumulative loss of around US$8.45 million from Bit Trade's customers.
AlexThe scammer has illicitly obtained assets totaling over $7 million in value.
BeincryptoCelebrity athletes are among those expected to lose substantially from the demise of crypto exchange FTX.
BeincryptoCrypto market capitalization fell 8.8% in the past 24 hours, data shows.
CoindeskThe crypto exchange’s transaction revenue fell 44% from the second quarter.
OthersThe company’s poor showing comes on the heels of a hiring freeze, a push towards selling virtual-reality technology solutions to corporate clients and increased shareholder scrutiny.
OthersMost have reported an increased amount of stress in their life since the incident, both personally and between other co-investors, often family members.
BeincryptoBitcoin’s long-term holders are beginning to suffer losses matching those from previous bear markets, and Glassnode believes the pain may continue, and even get worse.
Cointelegraph