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Bitcoin (BTC) started the week in positive territory, rising 3% on average trading volume. The largest cryptocurrency by market capitalization rebounded on Monday following three consecutive days of losses. Market Wrap is CryptoX’s daily newsletter diving into what happened in today's crypto markets. Source
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Users of the Chinese tech giant's Huanhe non-fungible token platform will still be able to hold, display or request a refund on their NFT holdings. Source
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BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real). While no details about the hack were made available, the company allegedly laid off most of its employees.BlueBenx joins the
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Nasdaq-listed Bitcoin miner SAI.TECH has terminated the remainder of its expansion into Kazakhstan in light of uncertainty in the region. Original Source
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Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex, which operates in Singapore, Australia, Indonesia, and Thailand, has become the latest crypto company to halt
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Along with competitors including Celsius Network and Babel Finance, Vauld, a cryptocurrency lender supported by Coinbase Inc., said it suspended withdrawals and recruited advisers to investigate a potential restructuring to withstand the market crash. According to Chief Executive Officer Darshan Bathija's blog post on Monday, the Singapore-based company has retained
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“Our ultimate objective is stabilizing liquidity and restoring withdrawals, Swap, and transfers between accounts as quickly as possible," Celsius wrote. "There is a lot of work ahead as we consider various options. This process will take time, and there may be delays." Source
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Crypto lending platform Nexo said it's preparing an offer to acquire Celsius after the targeted company froze withdrawals and transfers this morning. Source
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On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime
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