Bitcoin has been over 90% correlated with the Nasdaq since Apr. 8.

Bitcoin has lost ground for eight consecutive weeks for the first time in history. The ETH/BTC ratio is at the lowest level since October 2021.

Tether launched a new stablecoin pegged to the Mexican Peso Thursday, marking the company’s first foray into Latin America while adding to a roster that already includes USD₮, the world’s largest stablecoin by market capitalization.  Dubbed MXN₮, the stablecoin is pegged 1:1 to the Peso, according to Tether, meaning each MXN₮ token is worth one…

Aave has stopped offering incentives to Ethereum v2 users in its native token, AAVE. At a total value-locked (TVL) of $8.57B, Aave is the third-largest DeFi protocol and the largest decentralized money market.  Aave had incentivized adoption on its v2 deployment since April 2021 by offering AAVE tokens to those that borrowed or supplied crypto.…

Analysis of the 2022 crypto bear market in the context of previous cycles.

The market capitalization of dollar-pegged stablecoins has dropped by $25B in the wake of Terra's collapse.

Crypto markets have stabilized, ending a market free-fall that erased $693B from crypto’s market capitalization from May 5 to May 12. Crypto’s market capitalization fell from $1.81T on May 5 to lows of $1.12T on May 12. The market started to rise on Friday, and now rests at $1.28T, data from CoinMarketCap shows. The crash…

Terra’s UST collapse has shattered the foundations of the algorithmic stablecoin market.

Data Indicates Bots Made Off With Huge Sum on Arbitrum

This week may have been the one of the worst weeks in crypto’s history. The fall of UST/LUNA not only impacted Terra, but also dragged the whole industry down with it. Will this mark the beginning of crypto winter? Only time will tell.