Elon Musk’s Twitter bid is now a “Friday the 13th horror show,” Wedbush’s’ Dan Ives wrote in a note. Musk tweeted Friday that his bid for the social media company was on hold. Musk later reiterated his interest and that he’s “still committed to acquisition”. Loading Something is loading. Elon Musk’s deal to take Twitter… Continue reading Elon Musk’s Twitter bid is now a ‘Friday the 13th horror show’ that will likely result in these 3 outcomes, Wedbush says
Coinbase’s CEO assured investors this week there was no question of bankruptcy — but its junk bonds are now worth almost as little as Russia’s
Coinbase’s junk bonds are shrinking in value as investors ditch its debt and its shares. The crypto exchange’s 10-year bonds are as cheap as Russia’s — yielding around 9.9%. Coinbase has faced intense pressure after missing analyst estimates with its Q1 results. Loading Something is loading. Cryptocurrency exchange platform Coinbase has been hit from all… Continue reading Coinbase’s CEO assured investors this week there was no question of bankruptcy — but its junk bonds are now worth almost as little as Russia’s
Binance suspends trading of TerraUSD and Luna as CEO says he is ‘very disappointed’ with how the stablecoin creators handled the massive collapse
Binance on Friday suspended trading in TerraUSD and luna in the wake of price implosions for the cryptocurrencies. CEO Changpeng Zhao said an “exponential amount” of new luna coins were minted because of flaws in the design of the Terra protocol. TerraUSD traded well below its $1 peg on Friday and luna crashed to a… Continue reading Binance suspends trading of TerraUSD and Luna as CEO says he is ‘very disappointed’ with how the stablecoin creators handled the massive collapse
The crypto crash is a ‘double whammy’ for young investors who racked up debt to buy tokens, says investment platform
Young investors are facing a “double whammy” of crypto investment loss and rising debt, said Interactive Investor. The firm’s study last year found many young adults used credit cards and other loans to buy digital coins. The crypto crash has wiped off more than $300 billion from the market so far this week. Loading Something… Continue reading The crypto crash is a ‘double whammy’ for young investors who racked up debt to buy tokens, says investment platform
Crypto market cap has plunged 28% over the last week to $1.2 trillion, the lowest since July, amid broad meltdown
Cryptocurrencies slumped further Thursday and have lost more than $500 billion in market capitalization since last week. The total crypto market cap is down 28% from a week ago at $1.2 trillion amid a broader meltdown. The latest dive puts the market cap at the lowest point for since July 2021. Loading Something is loading.… Continue reading Crypto market cap has plunged 28% over the last week to $1.2 trillion, the lowest since July, amid broad meltdown
Crypto mega-billionaire Sam Bankman-Fried has seen his net worth cut in half amid the crypto crash. Here’s how much several other heavyweights have lost.
The crypto crash has slashed the net-worth of billionaires like Sam Bankman-Fried, Mike Novogratz, and others. Coinbase’s founder has seen his wealth drop from $13.7 billion to $2.2 billion, per Bloomberg data. Here’s a round-up of crypto heavyweights who have lost big amid the selloff. Loading Something is loading. A broad crash across risk assets spread… Continue reading Crypto mega-billionaire Sam Bankman-Fried has seen his net worth cut in half amid the crypto crash. Here’s how much several other heavyweights have lost.
A collapse of Tether could be crypto’s ‘Lehman Brother’s moment’ as the world’s top stablecoin begins to wobble and major tokens plummet, analyst says
A collapse of the Tether stablecoin would be crypto’s “Lehman Brothers moment,” according to an analyst from GlobalBlock. Following Terra’s collapse, the $81 billion Tether stablecoin began to deviate from its $1 peg.”I am optimistic that [Terra’s] fall would not be that catastrophic — a collapse of [Tether] would be though,” GlobalBlock said. Loading Something is… Continue reading A collapse of Tether could be crypto’s ‘Lehman Brother’s moment’ as the world’s top stablecoin begins to wobble and major tokens plummet, analyst says
US stocks fall as broad sell-off continues after fresh inflation print
US stocks continued to turn lower Thursday, as investors take in fresh inflation data. On Thursday, the government reported a Producer Price Index about 11% higher than April last year. Bitcoin, ether, cardano and other cryptocurrencies continued to turn lower Thursday, as the crypto bloodbath continues. Loading Something is loading. US stocks continued to trade… Continue reading US stocks fall as broad sell-off continues after fresh inflation print
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