Tuesday, July 8, 2025
The Dao Makers
No Result
View All Result
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
No Result
View All Result
The Dao Makers
No Result
View All Result

🔴More Crypto Giants to Fall

by The Dao Makers
December 6, 2022
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


El Salvador is shopping for one Bitcoin per day, Pantera Capital reveals its Bitcoin value goal with a timeline and the FTX saga continues as contagion spreads by means of the crypto market. These tales and extra this week in crypto.

El Salvador Buys the DIP

El Salvador President Nayib Bukele introduced his nation can be shopping for one bitcoin day-after-day for the foreseeable future. Over the previous yr, Bukele has been outspoken about his coverage of shopping for the dip throughout moments of disaster within the crypto markets. The Central American nation presently holds a bitcoin treasury of over 2000 BTC, valued at round $40 million.

Crypto Fund Predicts Bitcoin Bull Run

Crypto fund Pantera Capital says the subsequent Bitcoin halving occasion will spark a bull rally. If historical past repeats, Pantera predicts Bitcoin’s value will soar to $36,000 within the lead-up to the subsequent halving anticipated to happen in March 2024 and afterward proceed its bull run to an all-time excessive of $149,000.

At Least $1Bn FTX Shopper Funds Lacking

Not less than $1 billion of shoppers’ funds is lacking from FTX.  $10 billion of buyer funds have been secretly transferred from FTX to the group’s buying and selling firm, Alameda Analysis and a big portion of that has reportedly disappeared. Newly appointed FTX CEO John Ray III scorched Sam Bankman-Fried for a complete absence of reliable information and an entire failure of company controls.

Bahamas Seizes FTX Digital Property

The Securities Fee of the Bahamas has taken the motion of directing the switch of all digital property of the Bahamian subsidiary of FTX to a digital pockets managed by the Fee, for safekeeping. The regulator stated pressing interim regulatory motion was crucial to guard the pursuits of FTX’s shoppers and collectors.

FTX Contagion Spreads To Extra Companies

Because the FTX contagion spreads by means of the crypto market, a number of lending and incomes platforms reportedly halted withdrawals. One of many first to cease withdrawals for its lending arm was Genesis. Some experiences declare that crypto lender BlockFi has even begun exploring chapter following halting withdrawals. SALT Lending has additionally admitted publicity to FTX and has paused deposits and withdrawals.

Grayscale Low cost Widens to File Ranges

The share value of the Grayscale Bitcoin Belief has now dropped to a document low cost on the worth of its underlying property. GBTC buyers have skilled an 83% loss since final yr, outstripping the 74% slide of Bitcoin’s value. Nonetheless, some see this as a possibility, with Cathie Wooden’s Ark Make investments choosing up practically $3 million in shares this week.

A number of Celebrities Are Named in FTX Lawsuit

FTX founder Sam Bankman-Fried and celebrities together with Tom Brady, Gisele Bündchen, Stephen Curry, and Shaquille O’Neal have been named in a class-action lawsuit for alleged engagement in misleading practices. The criticism claims, FTX’s fraudulent scheme was designed to make the most of unsophisticated buyers. In consequence, American customers collectively sustained over $11 billion {dollars} in damages.

Main Enhance in Ether Staking Yields

The decentralized finance market is changing into extra engaging within the face of the FTX scandal, with staked ether yields reaching a post-merge excessive. Customers of staking providers similar to Lido are presently in a position to obtain over 10% yearly, whereas the yield earned by the extra dangerous recursive borrowing methods has reached as excessive as 25%.

That’s what’s occurred this week in crypto, see you subsequent week.



Source link

Tags: cryptoFallgiants
Previous Post

CRYPTO MARKET RECOVERY होगी या नहीं ? BITCOIN & ETHER MORE CRASH COMING ? SNM ने फसा दिया ? 3 COINS

Next Post

Institutional Investment: Due Diligence For Cryptocurrency

Related Posts

Bitcoin

It’s ‘Make Or Break’ Time For XRP As Fib Extension Points To $5.30 Top

July 8, 2025
Bitcoin

Solana’s Pump.Fun Loses Steam With Exit Scam Rumors, LetsBonk.Fun Claims 54% Of Total Market Share

July 8, 2025
Bitcoin

IBIT Hits 700,000 BTC—Blackrock’s Grip on Bitcoin Tightens

July 8, 2025
Bitcoin

Game Changer: SEC Streamlines Path for Crypto ETFs

July 8, 2025
Bitcoin

60 Crypto Operators Under Ukraine’s Gun

July 8, 2025
Bitcoin

XRP Price Brewing A Monster Rally? This Patter Might Hold The Key

July 8, 2025
Next Post

Institutional Investment: Due Diligence For Cryptocurrency

BITCOIN WARNING SIGNAL CONFIRMED!!! [breaking now]

BITCOIN WARNING SIGNAL CONFIRMED!!! [breaking now]

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Latest Week in Ethereum News : ethereum

December 17, 2022

Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil

July 4, 2025

5 Generations, 1 Team — Heres How to Lead a Multigenerational Workforce

July 7, 2025

🦄 uniswap-universal-router-decoder ✨ v0.8.0 ✨ has just been released !!

March 18, 2023

The four times Bitcoin price fell by Independence Day each year

July 4, 2025

Shenzhen warns citizens of investment scams using stablecoins

July 7, 2025

SELL ALTCOINS NOW? | BITCOIN | CRYPTO NEWS BANGLA | BULL RUN | ALTSEASON | MARKET

37

Why Facebook-Parent Meta Is Willing To Lose Billions On The Metaverse

46

BTC Price Predictions, SUI Fall, HYPE, Trump Coin Scandal & More

42

It’s ‘Make Or Break’ Time For XRP As Fib Extension Points To $5.30 Top

July 8, 2025

Bitcoin Options Market Cools Off, Echoing Familiar Summer Slowdowns – What This Means

July 8, 2025

Solana’s Pump.Fun Loses Steam With Exit Scam Rumors, LetsBonk.Fun Claims 54% Of Total Market Share

July 8, 2025

FLOKI eyes 120% rally as Valhalla launches $10K giveaway after explosive weekly growth

July 8, 2025

Bayeux Tapestry to return to UK for first time in almost 1,000 years – The Art Newspaper

July 8, 2025

Ukraine Freezes Crypto Assets Tied to Russian War Funds

July 8, 2025
Telegram Twitter TikTok Youtube RSS
The Dao Makers

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at The Dao Makers.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Fix Driver Errors
  • Launchpads
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 The Dao Makers.
The Dao Makers is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 The Dao Makers.
The Dao Makers is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In