Crypto Crash: Forced Selling Cooling Down; Correlation with stocks back in focus

Hi! Welcome back to Distributed Ledger, our weekly crypto newsletter, hitting your inbox every Thursday. I will guide you through the current bear markets. As usual, you can find me on Twitter at @FrancesYue_ to send feedback or let us know what you think we should cover. You can also email me to share your … Read more

A crypto bankruptcy could be investors’ nightmare

The recent impotence of the cryptocurrency market teaches investors a painful lesson about the risks of trading digital tokens through intermediaries. A bankruptcy restructuring would be breaking new ground for crypto investors. “What can be predicted with certainty is that there will be litigation and delays,” said Adam Levitin, a Georgetown University law professor who … Read more

Crypto Crash: What Contagious Risks Could Celsius, Three Arrows Pose? Here’s what to see

The latest crisis began Sunday with Celsius, one of the largest crypto lending platforms, pausing all withdrawals, exchanges, and inter-account transfers. According to a Tuesday Wall Street Journal report, the company has reportedly hired restructuring lawyers to advise on possible solutions to its mounting financial woes. Meanwhile, rumors of potential stress at influential hedge fund … Read more

S&P 500 enters bear market while Dow and Nasdaq fall

The sell-off in stock markets deepened Monday as the S&P 500 entered a bear market as investors revisited Friday’s late-breaking inflation data and liked it even less. Investors have largely offloaded risk as the likelihood of aggressive monetary tightening by the US Federal Reserve increased. The S&P 500 fell 3.9% as 495 of its 500 … Read more

Ethereum is on the verge of its big upgrade, but why has it fallen more than Bitcoin?

This article has been updated to correct the identification of Citadel Securities. Hi! Welcome back to Distributed Ledger, our weekly crypto newsletter, hitting your inbox every Thursday. I’m writing this in the heat of Austin, TX where Consensus, a multi-day crypto conference, kicked off today. As usual, you can find me on Twitter at @FrancesYue_ … Read more

“I thought it was a sick joke”: You gave up other job offers to work for Coinbase and are now unemployed

When Hao Jia received an email from Coinbase that his job offer had been withdrawn, he was on his way to watch the blockbuster film starring Tom Cruise, Top Gun: Maverick. Jia’s friend asked him to see the film for her because she was in China, where the film has not yet been released, and … Read more