Stablecoin Supply Decreases Over Quarter for First Time in History

Key Takeaways The total supply of stablecoins dropped for the first time in history. CoinMetrics charts show that over $13 billion has been redeemed directly from the treasures of major issuers, including... Read more »

Almost Every Crypto Asset Is Down Over 90% From Peak

Key Takeaways Data from crypto price aggregator CoinGoLive shows that 98.5% of all cryptocurrencies are down more than 90% from their all-time highs. Around 95.5% of cryptocurrencies have fallen by more than... Read more »

Decadence and Denial: Reflections on Consensus 2022

Key Takeaways Consensus 2022, CoinDesk’s flagship crypto conference, took place last week in Austin, Texas. The live music capital of the world drew in over 15,000 crypto enthusiasts from across the globe.... Read more »

Celsius Token Spikes—Then Crashes—Amid Firm’s Woes

Key Takeaways Celsius’ CEL token soared over 300% today before crashing minutes later. The move may have been prompted by recent activity on a MakerDAO vault rumored to belong to Celsius. The... Read more »

Four Metrics Suggest the Bitcoin Market Bottom Is Near

Key Takeaways Bitcoin has dropped by nearly 70% from its all-time high.  Several metrics now suggest that the market bottom is near.  Still, BTC could fall to $15,670 before the trend reverses.  ... Read more »

NFT Market Suffers in Crypto Meltdown

Key Takeaways The NFT market is crashing alongside Bitcoin and Ethereum. An increase in wETH trades on OpenSea suggests owners of dominant NFT collections such as Bored Ape Yacht Club may have... Read more »

Crypto Market Plunges Below $1T Amid Inflation-Driven Selloff

Share this article The total cryptocurrency market cap has fallen below $1 trillion for the first time since January 2021.  Crypto in Crisis Crypto investors appear to be rushing for the exit... Read more »

Ethereum Optimism Thief Returns $16M in Stolen Tokens

Share this article The attacker also sent 1 million OP to Vitalik Buterin and retained 2 million tokens as a bounty reward.  Optimism Attacker Gives Back Loot The attacker who stole 20... Read more »

Cardano Could Retrace Before Higher Highs

Key Takeaways Cardano has surged by nearly 25% over the past week. Bullish momentum is building ahead of Cardano’s Vasil hard fork.  Still, technical indicators suggest ADA could retrace before printing a... Read more »

Wintermute Makes “Optimistic” Assumption, Loses 20M Tokens

Key Takeaways The Optimism Foundation has revealed that it lost 20 million OP tokens in an incident involving the market-making firm Wintermute. Wintermute had mistakenly provided Optimism with a multi-signature Ethereum address... Read more »