Cryptocurrency Analysis and News Portal
USD Coin (USDC), the world’s second-largest stablecoin, may simply have been in the wrong place at the wrong time. The place was Silicon Valley Bank (SVB), a commercial bank with $209 billion in assets, where USDC issuer Circle had deposited $3.3 billion of its cash reserves for safekeeping. The time was
Read More
Despite the current outlook, a major resilience play might be in the works for the US stock market in the mid to long term. Inflationary fears are far from over in the US stock market following the release of the Federal Reserve’s preferred inflation gauge dubbed the Personal Consumption Expenditure Index
Read More
The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to today’s $112.29 billion, losing 51.38% in 42 days. Defi
Read More
Wonderland’s TIME tokens fell 32% in European hours after blockchain sleuths revealed "Sifu," a core member of the founding team, is allegedly a long-time serial scammer, with a conviction and deportation on his record. He was also the co-founder of QuadrigaCX, a failed Canadian cryptocurrency exchange.Avalanche-based Wonderland has been among
Read More
Even idle speculation that mysterious bitcoin founder Satoshi Nakamoto might be moving around a small batch of the cryptocurrency appeared sufficient to spook the market on Wednesday. Bitcoin slid 2.3% on the day, retreating after a four-day rally and pushing the price down to about $9,500.You're reading First Mover, CryptoX's daily markets newsletter. Assembled
Read More