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Markets
Market Wrap: Bitcoin Heads for Worst Week in Year
The latest crypto news and headlines for Friday, June 17.
Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer
The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery.
Three Arrows Capital Confirms Heavy Losses From LUNA's Collapse, Exploring Potential Options: Report
The company's co-founder said it's looking into the possibility of asset sales and a rescue by another firm.
Bitcoin Recovers Over $21K as Fed Commits to Slow Inflation; Traders Remain Cautious
Chair Jerome Powell said the central bank remains committed to reducing inflation ,and increased interest rates by 75 basis points earlier this week.
DeFiance, Avalanche, dYdX Distance Themselves From Three Arrows Capital Drama
The firms said operations will continue as usual as the crypto community assesses the fallout from speculation the crypto hedge fund failed to meet margin calls.
Biggest ‘stETH’ Pool Almost Empty, Complicating Exit for Would-Be Sellers
A trading pool that large institutional investors such as Alameda Research and Three Arrows Capital have used to dump their “stETH” tokens is now nearly drained and heavily imbalanced, potentially trapping retail investors as well as the embattled crypto lender Celsius.
Market Wrap: Bottom Has Not Been Reached for Crypto, but Capitulation Is Needed
The rally in bitcoin and other major cryptocurrencies after the Fed meeting on Wednesday proved short-lived.
DeFi Protocol Inverse Finance Exploited for $1.2M
Attackers used a flash loan attack to drain the open-source protocol outfit of bitcoin and tether.
Dogecoin, Solana Tokens Lead Gains Among Major Cryptocurrencies
Crypto market capitalization has increased about 4.5% in the past 24 hours after sliding earlier this week.
