The week of 06/13 in brief – The news about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily information flow and that you miss important points. This format is there to remedy that. We return to thenews from the past week‘Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
Crypto news in brief
▶ Celsius in the heart of the storm. The company has paused all withdrawals on its platform following significant liquidity problems. Since then, it has been trying somehow to bail out various loans in order to escape liquidations.
▶ Three Arrow Capital in the process of being liquidated. The investment fund specializing in cryptocurrencies faces significant risks of liquidations in the face of the general decline in cryptocurrencies.
▶ Circle announces its euro stablecoin. The company behind the USDC stablecoin has just entered the European market with the creation of EUROC, a euro-based stablecoin.
▶ Opensea unveils a major update. Thus, the NFT buying and selling platform has announced a series of new features. Among them, Opensea has added a measure aimed at more effectively combating intellectual property infringement.
▶ ApeDAO and its ApeCoin will remain on Ethereum. This was decided by ApeCoin token holders in a vote on ApeDAO’s governance module. The latter were considering a migration to another chain, less expensive and more scalable.
▶ Fed raises rates. Indeed, the Federal Reserve of the United States announced an increase in its rates by fixing them between 1.5% and 1.75%. Such an increase had not been recorded since 1994.
▶ New technical analysis video, made in Coin Trading!
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The 6 metrics of the week
➤ 402,000it is the number of active validators on the Ethereum beacon chain. As a reminder, this ensures consensus in proof of stake and will be integrated into the Ethereum network via The Merge.
➤ 226 million TH/sit is the new record for Bitcoin network hashing power. Thus, the network has never been so secure.
➤ 2 monthsit is the new postponement of the difficulty bomb which was decreed by the developers of Ethereum. Thus, it aims to reduce the profitability of mining in anticipation of the transition to proof of stake.
➤ 17 million OP tokensit is the amount returned by the Optimism hacker. As a reminder, he had managed to steal 20 million dollars from the company Wintermute after a mess in the distribution of an allowance by the Optimism foundation.
➤ 20%it is the part of the staff that was made redundant by the BlockFi company. Indeed, it has undertaken a restructuring of its workforce in the face of the general decline in the crypto markets.
➤ $110 millionit is the amount allocated by the Ledger company to its new investment fund Ledger Cathay Capital. This fund will aim to finance the development of projects in the Web3 sector.
Tweet of the week
The tweet of the week goes to our editor-in-chief. Māuruuru to him for the organization of the Polynesian Island Crypto Summit as well as to the Polynesians for their warm welcome.
Have a nice week on the Journal du Coin! 🙂
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