Crypto News Digest

Bite-sized #crypto news for time-poor investors. 🔔 to stay up-to-date with time-sensitive market updates on #cryptocurrency. #Bitcoin

[Crypto News Digest @CryptoNewsDig]

Fahrenheit, a consortium that includes Arrington Capital, won the bid to acquire the assets of #Celsius Network, a crypto lender. NovaWulf was the other bidder, while the Blockchain Recovery Investment Consortium was the backup bid. Revised Chapter 11 plan to come.

[Simon Dixon @SimonDixonTwitt]

I smell a rat in the leverage boom & deleverage crash. it ends with banks buying up crypto companies & stripping them of their assets before CBDC rollout. Don’t get me wrong, the crypto sector fucked up doing all the things I teach investors to avoid, but I’m following the money

[Crypto News Digest @CryptoNewsDig]

As explained by an analyst in a CryptoQuant post, crypto has historically tended to form bottoms around when the long-term holder share of realized cap has exceeded 80%

[Crypto News Digest @CryptoNewsDig]

On-chain data shows the #Bitcoin realized cap held by the long-term holders has increased and is now at nearly 80%.

[Crypto News Digest @CryptoNewsDig]

SkyBridge Capital Founder and Hedge Fund Billionaire Anthony Scaramucci Says His Firm Bought the Carnage on #Bitcoin (BTC) and #Ethereum (ETH)

[Crypto News Digest @CryptoNewsDig]

“#Inflation remains well above our longer run goal of 2% over the 12 months ending in April, total PCE prices rose 6.3%, excluding the volatile food and energy categories,” Fed Chair Jerome Powell said during a press conference following the release of the statement.

[Crypto News Digest @CryptoNewsDig]

#FederalReserve announced a three-quarters of a percentage point increase in interest rates Wednesday, marking the sharpest rate hike since 1994. Central bankers also predict elevated unemployment rates, prolonged higher prices and a slowdown in economic activity.

[Crypto News Digest @CryptoNewsDig]

Job gains have been robust in recent months, and the unemployment rate has remained low, the statement noted, but Russia’s invasion of Ukraine and ongoing supply chain issues have contributed to persistent inflation.

[Crypto News Digest @CryptoNewsDig]

The conditions can expose a crypto wallet user’s secret recovery phrase (a series of words generated that gives the owner access to their crypto), which can then be used to change their private key. All told, billions of dollars of digital assets are stored in software wallets.

[Crypto News Digest @CryptoNewsDig]

Security Threat Exposed for Browser-based #Crypto Wallets such as #MetaMask Phantom, Brave, etc

[Crypto News Digest @CryptoNewsDig]

Blockchain security firm Halborn found several instances where wallets including Brave, MetaMask and Phantom can be compromised under specific computer conditions — adding yet another wrinkle to traders still reeling from recent high-profile decentralized finance (DeFi) hacks.

[Crypto News Digest @CryptoNewsDig]

This implies that users could now be able to send, receive, buy and manage #ADA directly with Ledger Live. With ADA's much-awaited integration, the Ledger Live app now supports the top 10 largest cryptocurrencies in terms of market capitalization.

[Crypto News Digest @CryptoNewsDig]

#Cardano: #Ledger Live Finally Adds Support for ADA After Months of Waiting

[Crypto News Digest @CryptoNewsDig]

– referring to the recent scenarios in which the crypto lending platform Celsius halted all withdrawals and crypto exchange Binance did the same temporarily.

[Crypto News Digest @CryptoNewsDig]

SEC boss calls for urgent crypto regulation as market carnage persists

[Crypto News Digest @CryptoNewsDig]

According to him, the agency wants to introduce “the same kind of protections” that investors have on the stock market but which do not currently exist in the cryptocurrency exchanges and lending

[Crypto News Digest @CryptoNewsDig]

Breaking: #Bitcoin is now classed as 'Basically a Fire Sale' by the #BitcoinRainbowChart at $21,602