Before the week even began, Bitcoin went for a dive below USD 20,000 and ethereum broke USD 1,000, so analysts started digging into data to identify the next steps in the market and searching for answers. The bitcoin stock-to-flow model and its proponents came under fire again as the model’s failure becomes obvious, ONE dropped as Harmony got hacked for USD 99m, and another Elon Musk-fueled DOGE rally ended with a dump, while Elliptic said DOGE is used in the ‘most serious crimes’, but SNX went up as Synthetix saw a surge in trading volume. In the midst of crypto winter, Tether launched a GBP-pegged stablecoin, GBPT. Meanwhile, following a strong May, blockchain games saw a drop in trading volume and the number of users. While a Nobel prize winner donated over USD 103m for Ukrainian child refugees, Ukraine sold a CryptoPunk for ETH 90. Speaking of which, CryptoPunks became the top NFT collection while a Christie’s NFT expert said he will 'steward' the project, and Meta is working on...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...