Newsfeeds - Spark Newswire

2 minute read

Bitcoin Breaks Down, But Kevin O’Leary Is Doubling Down: ‘I’m Not Selling Anything’

Today, 3:10 AM

The cryptocurrency market was crashing on Saturday, as most currencies are now trading in bear market territory. And more importantly, the market is still searching for a bottom.

$MATIC

2 minute read

3 Arrows Capital’s Bitcoin And Other Positions Liquidated By FTX, BitMEX and Deribit; Fund Managers Have Gone Silent

By Shiv Juneja

Today, 3:10 AM

Crypto lending and borrowing firm Three Arrows Capital (3AC) had positions liquidated by crypto exchanges Deribit, BitMEX and FTX.

LUNA

2 minute read

Circle, Parent Company of USDC, To Bring Euro Stablecoin To Ethereum: Is MATIC Next?

By Shiv Juneja

Today, 3:10 AM

Cryptocurrency firm Circle announced on June 16 that it would be issuing Euro Coin (CRYPTO: EUROC).

$EURS

1 minute read

SEC Initiates Investigation Into Insider Trading In Crypto Exchanges

By Murtuza Merchant

Today, 3:10 AM

The Securities and Exchange Commission (SEC) has launched an investigation to ascertain if cryptocurrency exchanges are doing enough to curb insider trading on their platforms, according to a report by Fox Business.

LUNA

2 minute read

Tron’s Stablecoin USDD De-Pegs, DAO Distributes Another $500 Million To Protect Peg

By Shiv Juneja

Today, 3:10 AM

On June 15, stablecoin USDD (CRYPTO: USDD) broke its peg to the U.S. dollar and touched $ 0.9582. Consequently, Tron (CRYPTO: TRX) fell to $ 0.048.

$USDD

0 minute read

Celsius Faces Liquidity Crisis, But How Are Other Crypto Firms Faring?

By Marcus Sotiriou

Today, 3:10 AM

Global markets took a catastrophic hit yesterday, as the Nasdaq was down 4.60% and the S&P 500 was down 3.88%. Crypto suffered the most, as Bitcoin dropped over 20% to reach a low of $20,800. Ever since the crypto rally in November, in response to Bitcoin ETF Futures product being launched, crypto has been on a ruthless downtrend with little sign of relief.

$UST

2 minute read

Why Is Celsius Token Crashing? Ethereum’s DeFi vs. CeFi Lending, Explained

By Shiv Juneja

Today, 3:10 AM

Celsius Token (CRYPTO: CEL) has plunged over 60%, as Celsius Network pauses withdrawals, given turbulent market conditions.

LUNA

2 minute read

Terra’s Do Kwon Denies Cashing Out $2.7B, Michaël Van De Poppe Says He Deserves Jail

By Bibhu Pattnaik

Today, 3:10 AM

Terra (CRYPTO: LUNA) founder Do Kwon has now come on Twitter to refute allegations against him about cashing out funds from the company.

LUNA

2 minute read

FTX CEO Sam Bankman-Fried Predicted The Downfall Of Terra (Luna): What Investors Need To Know

By Adam Eckert

Today, 3:10 AM

The tipping point for the crypto markets was the collapse of TerraUSD (CRYPTO: UST). This stablecoin was supposed to remain at $1, however, Terra

$UST

1 minute read

Solana Ecosystem Looks To Pour $100 Million Into South Korean DeFi and Web3 Projects

By Shiv Juneja

Today, 3:10 AM

The Solana (CRYPTO: SOL) Foundation and Solana Ventures announced on June 7 a pledge of up to $100 million for cryptocurrency and NFT projects across South Korea.

$AVAX