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Markets
Voyager Digital's Token Surges Over 250% on 'Short Squeeze'
A short squeeze refers to a sharp rally fueled by the unwinding of bearish positions or several sellers rushing to take profits.
Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed
BTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered.
Wobble in stETH's Price Shows Fear Celsius Might Dump $435M Stake
The discount on stETH, a derivative of ether, surged as the crypto lender reclaimed and then transferred almost 10% of the total supply of the token.
US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls
The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.
Long-Term Bitcoin Investors Stick It Out as Speculator Selling Drives Prices Lower: Coinbase
"Holders are less likely to sell BTC during turbulent periods," the crypto exchange said.
Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet
The liquidity-stricken crypto lender fully paid off its debt to the decentralized finance protocol, freeing $26 million in tokens as part of its latest debt restructuring maneuver.
Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure
Also, some analysts believe bitcoin’s recent dips show the price level is not as critical anymore.
Jobs Growth Is the Savior of Inflation-Wracked US Economy
Economists say robust employment complicates the recession outlook.
Celsius Reclaims $410M of 'stETH' Tokens After Paying Down $81M Debt to Aave
The embattled crypto lender Celsius is inching closer to fully paying off its loans from decentralized finance protocols, reducing its outstanding debt to $59 million.
Bitcoin 'Bear Flag,' Crypto Options Market Hint at Downside Risk
The hedging behavior of bitcoin market makers could exacerbate a price drop if there's a breakdown in the bearish chart pattern.
