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
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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
Bitcoin and Lightning Network can save DeFi from adversity: MicroStrategy CEO
Bitcoin provides a “sound ethical, economic, and technical foundation for DeFi,” said Michael Saylor. Go to Source Powered by WPeMatico
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO Reserve would deploy … Read more
Law Decoded, June 7–13: Lummis-Gillibrand bill is finally here
Senators confirmed that Bitcoin and Ether will be classified as commodities and regulated by the CFTC. Go to Source Powered by WPeMatico
Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance US of marketing … Read more
Binance.US faces class-action lawsuit over LUNA and UST sale
The lawsuit could be the first of many for the U.S.-listed crypto exchanges that offered LUNA or UST to customers. Go to Source Powered by WPeMatico
Do Kwon dismisses allegation of cashing out $2.7B from Terra (LUNA), UST
The rumor surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity. Go to Source Powered by WPeMatico
Solana price just one breakdown away from a 40% slide in June — here’s why
Network outages and decreasing smart contract reserves add further downside pressure to SOL price. Go to Source Powered by WPeMatico
