Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16
It has been a chaotic week for digital assets. Two firms may be inching closer to insolvency while Coinbase, one of the largest crypto exchanges, laid off almost a fifth of its staff.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It has been a chaotic week for digital assets. Two firms may be inching closer to insolvency while Coinbase, one of the largest crypto exchanges, laid off almost a fifth of its staff.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin ETFs Shed $2.35 Billion in Two Weeks as BlackRock’s Outflow Streak Hits 11
Bitcoin ETF outflows have reached $2.347 billion across the first two completed November trading weeks, leaving a persistent hole...
Bitcoin Falls, DTCC Chooses Solana for Tokenization Expansion, and More – Weekly Recap
This week’s stories centered on market stress, corporate investing, hardware-wallet security, tokenization and prediction markets....
Bitcoin Price Falls 14% in a Week to $65,000 as Weekend Selling Breaks Friday’s Low
Bitcoin Magazine Bitcoin Price Falls 14% in a Week to $65,000 as Weekend Selling Breaks Friday’s Low Bitcoin price crashed about 1...
Twenty One Capital CEO Says $1.09 Billion Quarterly Profit Came From Bitcoin, Not Business
Twenty One Capital (XXI) reported $1.087 billion in net income for the third quarter, and CEO Rapha Zagury told shareholders on Fr...
Kalshi Ends Trump Jr. Advisory Role After 1789 Capital Invests in Rival Polymarket
Key Takeaways: Kalshi terminated its partnership with Donald Trump Jr.’s firm after it made a bet on their competitor, Polymarket....
Donald Trump Jr. Leaves Kalshi, Keeps Polymarket Role a Week After Democrats Win Congress
Donald Trump Jr. no longer advises Kalshi. The prediction market and the president’s eldest son mutually agreed to end the arrange...