XRP price technical breakdown boosts chances of a 40% drop by July
XRP’s bearish outlook is driven by a mix of technical and fundamental factors that could see price drop to $0.18 next. Go to Source Powered by WPeMatico
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SOL price trending toward yearly low as Solana TVL drops $870M in three days
DeFi contagion fears and bearish technicals mean additional downside pressure on Solana price. Go to Source Powered by WPeMatico
Ethereum sell-off resumes with ETH price risking another 25% decline in June
Ether price is forming a bear pennant pattern whose profit target comes to be near $850. Go to Source Powered by WPeMatico
NEXO price drops 40% in three days on rumors of ties to ‘insolvent’ crypto fund
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations. Go to Source Powered by WPeMatico
Ethereum crashed by 94% in 2018 — Will history repeat with ETH price bottoming at $375?
ETH’s latest plunge could bring more pain despite expectations that $1,200 should hold. Go to Source Powered by WPeMatico
DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
Liquid staking firms could default on their Ether obligations if “the Merge” does not happen. Go to Source Powered by WPeMatico
Celsius Network execs deny rumors of significant losses amid market volatility
“Our front office teams […] think and act like risk managers to ensure that we are not exposed in any significant way to market swings,” said Celius CFO Rod Bolger. Go to Source Powered by WPeMatico
Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022
Celsius CEO Alex Mashinsky said that the oversubscribed $750 million funding round was a “very good indication” of the strength of the company’s lending and yielding brand. Go to Source Powered by WPeMatico
NY Attorney General Targets 5 Crypto Companies: 2 Lending Platforms Ordered to Shut Down
New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to shut down and requested three other platforms to answer questions regarding their activities immediately. The letters to the companies published on the attorney general’s website indicate that the two platforms are Nexo and Celsius Network. New York Cracks Down on Unregistered Crypto … Read more
Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15
Lending firm Celsius raised $400 million, Rari Capital exceeded $1 billion in TVL, and North America witnessed surging crypto volume — all included in this week’s Finance Redefined. Go to Source Powered by WPeMatico
