Crypto Stocks Post Large Losses as Bitcoin Price Slides Toward $28K
Bitcoin miners were hardest hit on Thursday.Source
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NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows
According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in daily users and sales.Source
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield
The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.Source
U.S. SEC Warns Advisers They Need to Know Crypto Before Recommending to Clients
The U.S. Securities and Exchange Commission (SEC) is advising brokers and investment advisers that they need to use heightened scrutiny when it comes to making crypto recommendations to ensure the risky products are in the best interests of their clients, the agency said in a new bulletin.Source
Web3 Security Startup Shield Raises $2.1M in Pre-Seed Funding
The company, a member of a16z’s Crypto Startup School, aims to create a security standard across Web3 projects through its API, Discord Bot and certification program.Source
Bitcoin’s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say
The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average.Source
Crypto Exchange Coinbase Receives License to Operate in Bermuda
Coinbase (COIN) has obtained a license to offer its services in Bermuda as part of its international expansion efforts, the firm announced in a blog post on Wednesday.Source
Polymesh Wins Binance as Node Operator on Its Layer-1 Blockchain
The exchange will let POLYX holders stake that token on Binance by the end of this week.Source
Crypto Options Exchange Deribit Adding Zero-Fee Spot Trading
The availability of the spot market means traders no longer have to go elsewhere to exchange major cryptocurrencies and can set up multi-leg complex strategies at one place.Source
First Mover Asia: We’re Still Missing Good Web3 Games; Bitcoin Swoons Below $29K
The TradGaming world has tentpole franchises that have drawn large audiences, but Web3 games have yet to connect meaningfully with gaming enthusiasts.Source