Decrypt
Crypto News Source: decrypt.co
FOMO HOUR 172 – A VERY RED DAY FOR BITCOIN
Bitcoin hits $50k, liquidations hit $1bn in sell-off. Macro sell-off and end of Yen carry trade blamed. Multiple altcoins hit cycle or all-time lows. Bitcoin dominance rises to cycle-high of 58%. Robinhood halts 24hr trading. Crypto funds saw $528m outflow last week. Justin Sun denies liquidation rumours. Jump Trading continues to liquidate holdings. Ethena founder confirms protocol has ‘zero issues’. Binance launches native KAS mining. Cycle hasn’t even started yet: Cobie.Source link
Crypto, Stock Markets Shudder as Recession Fears Intensify—How Did We Get Here?
Analysts point to a confluence of factors, mainly in the United States and Japan, that have created a perfect storm for market chaos across the globe.Source link
Solana Price Plunges 30% in a Week—And Its Biggest Meme Coins Are Down Worse
As Solana fell to its lowest price since February, meme coin mania hit a bump in the road, causing asset prices to plummet.Source link
Caitlyn Jenner Launching Ethereum Token Inspired by Olympic Gold Medal on Base
Caitlyn Jenner is launching the MEDAL token on Ethereum layer-2 Base, telling Decrypt that the project will include JENNER coin holders.Source link
Elon Musk Renews Legal Battle Against OpenAI and Sam Altman, Alleging Fraud
After dropping his previous lawsuit in June, Elon Musk has stepped up his claims against OpenAI and CEO Sam Altman in his latest filing.Source link