The week of 06/13 at a glance – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily flow of information and that important points are missed. This format is there to remedy. Let’s go back tonews of last week‘Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
Cryptocurrency News in Brief
▶ Celsius in the heart of the storm. The company has suspended all withdrawals on its platform following significant liquidity problems. Since then, it has been trying to somehow salvage various loans to escape liquidation.
▶ Three Arrow Capital in liquidation. The investment fund specializing in cryptocurrencies faces significant liquidation risks in the face of the general decline in cryptocurrencies.
▶ Circle announces its euro stablecoin. The company behind the USDC stablecoin has just entered the European market with the creation of EUROC, a euro-based stablecoin.
▶ Opensea unveils a major update. Therefore, the NFT buying and selling platform has announced a number of new features. Among these, Opensea has added a measure aimed at fighting more effectively the infringement of intellectual property.
▶ ApeDAO and its ApeCoin will remain on Ethereum. This was decided by ApeCoin token holders in a vote on the ApeDAO governance module. The latter were considering a migration to another, less expensive and more scalable chain.
▶ The Fed raises rates. In fact, the US Federal Reserve has announced an increase in its rates setting them between 1.5% and 1.75%. There has been no such increase since 1994.
▶ New technical analysis video, made in Coin Trading!
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The 6 metrics of the week
➤ 402,000this is the number of validators active on the Ethereum beacon chain. We remind you that this guarantees consent in the proof of participation and will be integrated into the Ethereum network via The Merge.
➤ 226 million TH / sthis is the new record for the hashing power of the Bitcoin network. Therefore, the network has never been so secure.
➤ Two monthsthis is the new postponement of the difficulty bomb that was decreed by the Ethereum developers. Therefore, it aims to reduce the profitability of the mining business in anticipation of the transition to proof of participation.
➤ 17 million OP tokensthis is the amount returned by the Optimism hacker. We recall that he had managed to steal 20 million dollars from the Wintermute company after a mess in the distribution of a check by the Optimism foundation.
➤ 20%this is the part of the staff that was laid off by the BlockFi company. Indeed, it has embarked on a restructuring of its workforce in the face of the general decline in cryptocurrency markets.
➤ 110 million dollarsthis is the amount allocated by the Ledger company to its new investment fund Ledger Cathay Capital. This fund will aim to finance the development of projects in the Web3 sector.
Tweet of the week
The tweet of the week goes to our editor-in-chief. Māuruuru to him for organizing the Polynesian Island Crypto Summit and to the Polynesians for their warm welcome.
Have a good week in the Journal du Coin! 🙂
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