Bankruptcies, shrinking profit margins and traders realizing hefty losses are all signs of capitulation from various market participants.
Young crypto entrepreneurs went from spending big bucks on champagne showers to being visibly absent from the nightclub scene.
About 72.43% of the community votes went against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets
Crypto database shows that most firms are venture capital at 52.8%, followed by hedge funds with 44.3% and then private equity and mutual funds at 2.9%.
The locals say they are having to contend with vacant apartments and the loss of job opportunities, once provided by the collapsed exchange.
The fallout from the FTX collapse continues to reverberate across the crypto market. Institutions are using this opportunity to short BTC.
Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin’s on-chain data gives investors hope.
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.
The initiative was announced Nov. 24 by CEO Chengpang Zhao (CZ) as an effort to “protecting consumers and rebuilding the industry.”
To complement the launch of its grant program, Casper said it will provide education to support developers and innovators on its network.