Marathon Confirms Montana Storm Knocked 75% Of Its Active Mining Fleet
(Marathon Digital) Marathon Digital Holdings says that a Montana storm that hit the town of Hardin on June 11 took over 75% of the company’s active mining fleet offline. The…
Goldman Assigns Coinbase a Sell Rating With a Price Target of $45
(Blockworks) Banking giant Goldman Sachs has rated Coinbase stock a “sell” with a price target of $45, from the previous $70. Led by analyst Will Nance, Goldman says that the…
FTX CEO Denies Reports Crypto Exchange Seeks to Acquire Robinhood
(Reuters) FTX CEO Sam Bankman-Fried has refuted claims that his crypto exchange is in talks to buy brokerage firm Robinhood Markets. Bankman-Fried was responding to reports that emerged on Monday…
Tether CTO Defends USTD Amid Reports Hedge Funds Are Shorting the Stablecoin
(Cryptopotato) Paolo Ardoino says Tether is the most proven stablecoin after reports emerged that hedge funds were engaging in short trades. The comments by Ardoino came after reports emerged that…
SEC Seeks a Crypto Rule Book to Tame Vulnerability of Fragmented Systems
(FT) The US Securities Exchange Commission chair, Gary Gensler, is calling for establishing a single crypto regulation rule book. Gensler insists that with the different regulatory agencies, crypto operators can…
ONE Token Plunge After Hackers Stole $100M in Harmony’s Horizon Bridge
(Cointelegraph) Harmony’s ONE tokens have dropped 7.4% in the past day to trade at $0.024 following an exploit of $100 million in its Horizon bridge. Multiple altcoins were lost from…
Axie Infinity’s Ronin Bridge to Ethereum to Reopen Next Week
(Twitter) The ethereum-linked sidechain that hosts the Axie Infinity play-to-earn game is set to reopen on June 28. The Ronin development team said it had previously scheduled to restart the…
Cryptos Recover Ahead of “Witching” Event on Friday
(Bloomberg) Bitcoin traded up nearly 4% on Thursday, leading gains in cryptocurrencies as investors waited for the final "witching" event for the first half of the year. Ethereum also recovered,…
Open Metaverse Gets Closer as Leading Organizations Unite for a Standards Forum
(MSF) The Metaverse Standards Forum is a new name for a body of leading organizations seeking to accelerate the transition to an open metaverse. The new forum is expected to…
Crypto.com Earns In-Principle License to Operate in Singapore
(ST) Singapore has granted an in-principle crypto payment services license to Crypto.com, paving the way for the digital asset exchange to offer domestic services. The licenses by the Monetary Authority…
Tether Eyes UK Expansion With a Stablecoin Pegged to the Pound
(Tether) GBPT, a new stablecoin tied to the British pound by Tether, is set to be launched in early July. The new token will be available for trading on the…
Crypto’s Relief Rally Fails to Excite Markets as Macro Factors Weigh
Bitcoin traded above $21.2K on Tuesday, leading a relief rally that saw most cryptocurrencies rise following weeks of bearish pressure. Solana's SOL traded up more than 7%, while the world's…
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