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Coindesk News

• Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report Juni 27, 2022
  The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said.
  Shaurya Malwa
• Morgan Stanley: GPU Demand Likely to Slow if Ethereum Moves to Proof-of-Stake Juni 27, 2022
  A mov to PoS will also not solve Ethereum’s scaling problems, the report said.
  Will Canny
• Ethereum Lending Protocol XCarnival Hit With $3.8M Exploit, Recovers 50% Juni 27, 2022
  Singapore-based metaverse lending protocol XCarnival recovered 1,467 ether following an exploit that saw a hacker siphon 3,087 ETH out of the platform.
  Oliver Knight
• Australian Crypto Exchange Banxa Cuts 70 Staff Juni 27, 2022
  The publicly traded crypto exchange said the "crypto winter" drove the decision to reduce headcount by about 30%.
  Shaurya Malwa
• Nexo Sends Cease and Desist Letter to Anonymous Twitter Account Accusing It of Embezzlement Juni 27, 2022
  Nexo has issued a public cease and desist order to a Twitter account run by someone with the handle 'Otter.'
  Sam Reynolds
• First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading; Solana Web3 Phone Faces Long Odds Juni 26, 2022
  Prior blockchain phones have failed because the market have realized their functionalities are available already via apps that can be loaded onto any old phone; ether stays above $1,200.
  Sam Reynolds, James Rubin
• Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto Juni 26, 2022
  Second article in a series about risks we’re thinking about during these crypto down days.
  George Kaloudis
• Flowdesk Raises $30M to Expand Market-Making Services Juni 26, 2022
  The company plans to use the funding to expand its flagship product to provide liquidity fund management services to cryptocurrency issuers.
  Cameron Thompson
• Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows Juni 25, 2022
  FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.
  Tracy Wang
• First Mover Asia: Hong Kong’s OSL Sees Strong Institutional Interest in Crypto, Despite Luna-Induced Volatility; Bitcoin and Ether Surge Juni 24, 2022
  OSL’s Head of Americas Fernando Martinez said global, institutional trading volume is higher than it was in 2021, the best year in the crypto exchange’s history; altcoins have a good day.
  Sam Reynolds, James Rubin