First Mover Asia: What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K

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It was down 16% over the past 24 hours, a rare single-day, double-digit dip, and off over 30% from a month ago when it settled around $30,000 following the collapse of the terraUSD token. It fell for the seventh consecutive day. Bitcoin was recently trading at about $22,500, down more than 16% over the past...

How to Stay Sane in Crypto Bear Markets and Get Ready for Crypto Bull Markets

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But those who have been in crypto for a while have seen it all before. Crypto’s extremely cyclical, characterized by bear and bull markets. In bull markets, like the one that started in late 2020 and ended in late 2021, prices can rise by double digits on a daily basis. During those times, it feels...

Hard Times in Crypto: the Unintended Consequences of Going Public

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Public companies are widely misunderstood, especially among the bitcoin and crypto crowd. That’s not really surprising. The whole thing is (enter: 100% of my cynicism) intentionally convoluted and confusing to make the investment bankers, lawyers and insiders on Wall Street feel smart. For context, I want to lay out what it means to “go public”...

El Salvador loses half its investment in Bitcoin as crypto plunges

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Are you a Bitcoin holder currently wallowing in despair seeing your investment plunging off a cliff? Don’t worry. It can always be worse. You could be El Salvador. El Salvador’s president, Nayib Bukele, is a big crypto bro and he’s invested big into Bitcoin. And when I say he invested in Bitcoin, I mean the...

‘Big Short’ investor Michael Burry warns the historic slump in stocks and crypto may only be half done — and he expects weak earnings to drag markets lower

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Michael Burry. Kevin Mazur/WireImage Michael Burry warned the plunge in stocks and crypto might only be at the halfway point. “The Big Short” investors expects weak corporate earnings to fuel the next leg down in markets. Burry predicts a slump in consumer spending will weigh on company profits later this year. Michael Burry warned the...

Crypto hedge fund Three Arrows Capital plunges into liquidation

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A slump in cryptocurrency prices, which has seen billions of dollars wiped off the market, has exposed a liquidity crisis at Three Arrows Capital. This content was originally published here.

Crypto billionaire Zhu Su’s good class bungalows may be up for sale after collapse of Three Arrows

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The market is pondering the fate of at least 2 GCBs belonging to the Three Arrows Capital co-founder and his family. Read more at straitstimes.com. This content was originally published here.

Crypto prices plunge with Bitcoin falling below $25k – The Verge

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On Sunday night, the Celsius Network, one of the largest crypto lending platforms, abruptly announced a “pause” on withdrawals and transfers, citing “extreme market conditions.” Celsius announced its halt as markets in Asia opened on Monday morning, and the price of its CEL token — worth nearly $7 a year ago — lost a third...

First Mover Americas: It’s Ugly in Crypto With $200M of Margin Calls, Founders Selling Homes and Comparisons to 2008

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The wipeout of value in the latest downturn has been staggering for an industry that seemed to be firing on all cylinders as recently as last year. The current market capitalization of all cryptocurrencies is around $850 billion. In November 2021, the total market cap was nearly $3 trillion. This is a cumulative 70% drop...

Snoop Dogg on crypto winter and the future of NFTs

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Snoop has also spent the past year digging into the metaverse. He recently partnered with gaming platform The Sandbox to sell “The Snoopverse Early Access Pass” which gives buyers access to experiences in The Snoopverse, his own branded world within The Sandbox platform. There were 5,000 early access passes minted using blockchain technology at the time of...