Low user numbers and sex predator scandals are killing South Korean metaverses, 3AC sues Terra, Malaysian crypto kidnappings. Asia Express.
Category: Market Analysis
Ethereum traders say ETH price at risk of a deeper correction to $1.6K
Multiple analysts believe that Ethereum price is likely to touch new lows near $1,600.
‘No matter how bad it gets, there’s a lot going on with NFTs’: 24 Hours of Art, NFT Creator
“There’s a sense of inevitability” that NFTs are the start of a renaissance in digital art says 24 Hours of Art’s RD: NFT Collector.
US gov’t Bitcoin sale ‘doesn’t affect anything’ as analyst blames bears
Governments divesting themselves of their BTC is a non-event, but Bitcoin bears make sure that the market feels the heat regardless, analysis says.
Toncoin (TON) gains 10% after Binance Launchpool platform addition
Growth in its DeFi ecosystem and the upcoming Binance Launchpool addition have put wind in Toncoin’s sails.
Bitcoin falls under $60K as investors' global economic slowdown concerns rise
Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.
AI may already use more power than Bitcoin — and it threatens Bitcoin mining
AI may already consume more power than Bitcoin mining, and its deep pockets mean miners face stiff competition for equipment and electricity.
BTC price suddenly drops 5% as Bitcoin rejects low CPI print
Bitcoin shrugs off notionally good news on US inflation with a BTC price plunge below $59,000.
Historically accurate ‘decaying peaks’ study sees Bitcoin price at $164K by 2025
The same study correctly predicted Bitcoin price to reach $65,732 in 2021, a mere $1,050 price difference from the previous all-time high.
Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.