Cryptocurrencies
Altura Begins Orderly Vault Wind-Down as Withdrawal Demand Surges
Altura is unwinding its multi-strategy stablecoin vault after processing millions in user withdrawals over 24 hours. CEO Ranveer Arora cited sustained redemption demand and market sentiment as the drivers behind the decision. The shutdown comes shortly after Altura denied exposure to Main Street USD (msUSD), a stablecoin that recently lost its dollar peg…
Why Is The Crypto Market Up Today?
The crypto market started the week up 1%, near $2.18 trillion, as weekend dip buyers stepped in. Bitcoin (BTC) rose about 1% to $63,882 but stalled at resistance. Worldcoin (WLD) led the field, up more than 4% in a day. Still, a looming stock selloff and the US-Iran talks now dominate the cryptocurrency news space
Ethereum Layer 2 Taiko Urges Users to Withdraw Funds From Bridges, Confirms Security Breach
Yet another security incident has been reported today, where popular Ethereum L2 network Taiko was exploited for around $1.7 million.
What to expect from bitcoin right now
Two well-known analysts are warning at the same time about risks to overvalued U.S. markets. Bloomberg Intelligence strategist Mike McGlone speaks of a possible "once-in-a-lifetime reversal," while Bridgewater founder Ray Dalio forecasts negative real returns on U.S. equities for years ahead. Both argue that markets are badly overheated.
4 Things That Could Move Crypto Markets This Week
A busy week lies ahead on the US economic calendar, with more inflation data expected, while the rhetoric in the Middle East is mounting again.
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