Crypto majors dropped in European morning hours on Monday amid a slump in broader global markets.
Cryptocurrency exchange Coinbase Global Inc. (COIN) will continue to face headwinds as the company is set to report first quarter earnings on Tuesday after the market close.
Cryptocurrency-focused financial services firm Galaxy Digital has recorded a net comprehensive loss of $111.7 million for the quarter-ended March 31 2022.
The drop is likely due to falling token prices and risk-off sentiment in the broader market, analysts said.
LDO surged 27% in the past 24 hours with most of the gains coming in Asian morning hours.
Bitstamp, Europe’s largest crypto exchange, has appointed former chief compliance officer JB Graftieaux as its new CEO following the departure of Julian Sawyer.
Estimates of the scale of online crime range from under 1% to nearly half of all crypto activity – so CoinDesk looks under the hood.
The move comes after UST briefly lost its peg to the U.S dollar over the weekend.
CoinDesk: First Mover Asia: The BitMEX Saga Continues to Leave Fundamental Regulatory Issues Unsettled; Bitcoin Falls
Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of cryptocurrencies; a tough weekend for cryptos.
Digital-asset analysts warned late last week that price-chart trends had turned bearish for the largest cryptocurrency.