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Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report
7.8.2024
The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market...
Bitcoin speculators realize $850M losses in sub-$50K BTC price dump
6.8.2024
Bitcoin short-term holders sell BTC at a loss to an extent rarely seen in history — but "diamond hands" contribute just $600,000
$510B crypto sell-off wipes 2024 gains for top 50 coins
6.8.2024
Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off
Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall
5.8.2024
Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens...
Robert Kiyosaki Declares Market Crash Has Arrived — ‘Losses Are Substantial’
4.8.2024
Rich Dad Poor Dad author Robert Kiyosaki has declared that the stock market crash has arrived and “losses are substantial.” He stressed that the crash presents a lucrative opportunity for investors to buy assets at lower prices. Kiyosaki advised people to consider this downturn as...
Crypto community slams WazirX’s 'socialized losses' plan after hack
3.8.2024
As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community
MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase
2.8.2024
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second quarter of 2024. Despite this growth, the company faced a substantial net loss of $199.7 million, driven by a $148 million fair value loss on digital assets. MARA Reports...
Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos
2.8.2024
Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market
July Witnessed 16 Crypto Hacks Resulting in $266M Losses
1.8.2024
Crypto hacks go hand in hand with the market bull run. July saw a market spike, with Bitcoin hitting $50 shy of $70,000. In addition, the United States SEC also gave Ethereum ETFs a trading greenlight. With such a positive market sentiment, hackers made a market comeback with India’s WazirX leading...
CoinDesk 20 Performance Update: ICP and RNDR Lead Losses as Index Slips 2.2%
1.8.2024
ICP dropped by 5.3% and RNDR fell by 4.1% in overnight trading
July crypto hacks total $266M, WazirX leads losses
1.8.2024
July witnessed $266 million in cryptocurrency losses from 16 attacks, with WazirX being the largest victim of North Korean hackers
July crypto hacks total $266M, WazirX leads losses
1.8.2024
July witnessed $266 million in cryptocurrency losses from 16 attacks, with WazirX being the largest victim of North Korean hackers
First Mover Americas: Crypto Market Stabilizes After Nursing Losses
31.7.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for July 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Slides to $66K in Wake of Silk Road BTC Movements, Solana’s SOL Leads Majors Losses
30.7.2024
“It’s going to be extremely volatile this week, so I will not be surprised to see BTC price get another 10% drop/pump,” one analyst noted
Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers
30.7.2024
The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover...
The rise and fall of celeb tokens: Over 99% of value wiped out
25.7.2024
Celebrity-endorsed tokens on Solana (SOL) have crashed dramatically, leaving investors reeling from massive losses
Paraguay miners urge state electricity board to reconsider upcoming price hike
22.7.2024
Capamad spokesperson Jimmy Kim claims that the electricity price increase, set for Aug. 1, may force 70% of legal crypto miners out of business
Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline
10.7.2024
Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin...
Multichain Foundation to pay $2.1M to Fantom for losses
9.7.2024
The High Court of Singapore ordered Multichain to compensate the Fantom Foundation after a $210 million hack, awarding $2.18 million in damages
Bitcoin, Ether Reverse Losses as Germany Gets Back $200M BTC From Exchanges
9.7.2024
Earlier Monday, BTC dropped to as low as $55,000 shortly after an address belonging to the German Federal Criminal Police Office (BKA) sent over $900 million to various addresses