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Cryptocurrency

No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks By Cointelegraph

100% Center coverage: 1 sources
Swiss asset manager GAM Holding said on Friday it is negotiating with Terra developer Terraform Labs to potentially support its UST stablecoin. GAM said it could possibly invest between $2 billion and $3 billion to burn excess supply of UST. The move comes amid reports that Terra was courting private capital help for supporting the UST peg.See the Story
Janet Yellen

Janet Yellen says risks related to stablecoins are 'growing very rapidly' but they're not yet a real threat to financial stability

100% Left coverage: 1 sources
Treasury Secretary Janet Yellen called for unified federal regulation on digital assets. Stablecoins have caught the eye of regulators in part because they are designed to be pegged to the US dollar. More than $300 billion has been wiped off the value of the overall crypto market between Monday and Wednesday.See the Story

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

The Ether-denominated open interest on the CME had previously claimed a new all-time high back in April. But since then, has continued to decline, with more drops recorded over the last weekend. The Ether futures basis is now sitting at a -2.33% while bitcoin remains at 0.63%. ETH Struggles To Hold $1,000 level.See the Story
Research

Pentagon-commissioned report claims just 4 entities can disrupt Bitcoin

Research conducted by security experts Trail of Bits concluded that the notion of blockchain decentralization is a fallacy. The report was commissioned by the Pentagon's research and development branch, the Defense Advanced Research Projects Agency (DARPA) The most critical findings stated immutability could be broken and distributed ledger technology (DLT) can be centralized.See the Story
Bitcoin

Bitcoin Whales Filling Their Bags In Bullish Sign As BTC Balance On Exchanges Hits Critical Low

Bitcoin's price dropped to a multi-year low of $17,622 about ten days ago. The price managed to recapture $21,750 before being stopped in its tracks over the weekend. Experts have attributed last week's strength to a plethora of micro indicators which suggest the market could be in the deepest phases of this bear cycle.See the Story
Bitcoin

Bank for International Settlements to allow banks to keep 1% of reserves in Bitcoin

Despite its skeptical approach to digital currencies, exacerbated by the recent cryptocurrency market crash, it looks like the Bank for... Continue readingSee the Story
Ethereum

Ethereum Key Indicators Suggest A Sharp Drop Below $1K - Cryptic Threadz News

Ethereum price is now trading below $1,150 and the 100 hourly simple moving average. ETH is now at a risk of more losses if it stays below the key $1,.150 resistance. There is a key bearish trend line forming with resistance near $1.100 on the hourly chart of ETH/USD.See the Story

Cardano’s Vasil hard fork proposal submitted: Countdown commences

100% Center coverage: 1 sources
Cardano (ADA) developer Input Output Hong Kong (IOHK) has submitted an update proposal to hard fork the Cardano testnet, kicking off the countdown for the network's Vasil mainnet upgrade. If everything goes smoothly, the upgrade to the testnet will take place July 3, with the mainnet Upgrade scheduled for roughly around the end of July.See the Story

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