Bitcoin dropped below $20,000 on Monday as investors dumped risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path. The world’s largest digital currency tumbled 5% from Friday’s close to hitting a … Read more
Key Points: Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld said it is facing “financial challenges” due to “volatile market conditions” … Read more
Key Points: Bitcoin lost about 58% of its value in the second quarter of 2022, posting its worst quarterly performance since 2011. Macroeconomic issues, such as rising interest rates and rampant inflation, led to a … Read more
Key Points: USDD, a so-called “algorithmic” stablecoin that’s meant to always be worth $1, plunged as low as 93 cents on Sunday. The situation has led to fears that USDD may suffer the same fate … Read more