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The Latest Breaking News from Crypto

As Ethereum Continues To Plunge, Here's Why The Bulls Must Hold This Key Level

Ethereum (CRYPTO: ETH) plunged more than 15% on Monday, which Benzinga pointed out was likely to happen on Saturday if the crypto lost the $1,500 level as support.

Benzinga

BlockFi Lays Off 20% Of Workforce: 'Macroeconomic Environment Has Shifted Dramatically'

Zac Prince, CEO of cryptocurrency exchange and lender BlockFi, took to Twitter Inc (NYSE: TWTR) on Monday to announce the company intends to lay off 20% of its staff.

Benzinga

Investors Beware: Your Crypto Is Not FDIC-Insured

Without any backup plan, investors watch crypto market sink below $1 trillion in value.

The Street

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Bitcoin Slumps Further, But Could This Be The Start Of A Bull Rally?

At the time of writing, Bitcoin (CRYPTO: BTC) has slumped 20% since the start of the weekend into this new trading week, taking the total decline in price to 67% since November 2021.

Benzinga

Bitcoin Slide Points To A 'Crypto Winter;' Coinbase Cuts Staff

Should I buy Bitcoin on the dip? Experts say things could get worse before they get better, but there are still positive indicators.

Investors Business Daily

Cryptos' Market Cap Tanks Below $1 Trillion, Crypto.com CEO Lays Off 5% Staff

Amid a wider market rout, the total market capitalization of cryptocurrencies has fallen below $1 trillion, levels not seen since February 2021.

Benzinga

How Fed rate hikes could impact stocks, crypto and other investments

The Federal Reserve is set to raise interest rates at its June 14-15 meeting after hiking rates in March and May. The nation’s central bank is expected to lift the benchmark Fed funds rate by 50 basis points — one-half of a percentage point — according to the CME FedWatch…

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Crypto Valley Exclusive: FlowBank Merges The Stability And Safety Of A Swiss Bank With Everything Technology Can Offer

Detroit-based Benzinga, a media and data provider bridging the gap between retail and institutional investors, sent its team to Switzerland June 2-3, for Crypto Valley.

Benzinga

Bitcoin Plunges as Major Crypto Lender Halts Operations

Bitcoin and other cryptocurrencies were collapsing in price Monday, after a major crypto lender halted all withdrawals citing "extreme market conditions." It is the second collapse of a part of the cryptocurrency world in the last two months. The stablecoin Terra imploded in early May, erasing tens of billions of…

Asharq Al-Awsat

Bitcoin Expert Peter Schiff Has Bad News For Crypto Enthusiasts

Don't read his latest tweets if you're trying to keep a positive outlook.

The Street

Ethereum Whale Moves 20,000 ETH Off Bitfinex

What happened: An Ethereum (CRYPTO: ETH) whale sent $24,644,819 worth of Ethereum off Bitfinex. The ETH address associated with this transaction has been identified as: 0x0aa7d42ed5373fc354544e5898d77f61b47c04d0

Benzinga

Ethereum Whale Moves 40,000 ETH Off Bitfinex

What happened: An Ethereum (CRYPTO: ETH) whale sent $49,042,773 worth of Ethereum off Bitfinex. The ETH address associated with this transaction has been identified as: 0xd275e5cb559d6dc236a5f8002a5f0b4c8e610701

Benzinga

Crypto Whale Just Moved $55M Worth Of Ethereum (ETH) Off Gemini

What happened: An Ethereum (CRYPTO: ETH) whale sent $55,662,941 worth of Ethereum off Gemini. The ETH address associated with this transaction has been identified as: 0x530e0a6993ea99ffc96615af43f327225a5fe536

Benzinga

Ethereum Whale Moves 76,090 ETH Off Gemini

What happened: An Ethereum (CRYPTO: ETH) whale sent $94,575,897 worth of Ethereum off Gemini. The ETH address associated with this transaction has been identified as: 0x002ff003073d4fc673826d8c1fac30bf7851743a

Benzinga

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Benzinga

This Wallet Just Transferred $107M Worth Of BTC Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $107,721,786 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS

Benzinga

Someone Just Sent $140M In Bitcoin Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $140,544,415 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 38UmuUqPCrFmQo4khkomQwZ4VbY2nZMJ67

Benzinga

Anonymous Crypto Wallet Moves $159M Worth Of Bitcoin Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $159,976,692 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 16YzWVxsVYrT8Jtr9xxic3YxfMAkPaBvaC

Benzinga

Is This A Crypto Winter? Why Bitcoin Must Hold $22,600

Bitcoin (CRYPTO: BTC) was plunging more than 14% on Monday with strong momentum after a bearish weekend, which saw the apex crypto lose 8.62% over the 24-hour trading periods on Saturday and Sunday.

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The Independent UK

Bitcoin plunges as major crypto lender halts operations

Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."

The Street

Coinbase and Billionaire Saylor Swept Up in Bitcoin Crash

The slump in bitcoin sharply affects companies that bet on crypto.

Evening Standard

Total value of cryptocurrencies falls below $1 trillion as crash gathers pace

Bitcoin down 17.7 per cent in a day while Ethereum is down more than 20 per cent

The Street

"AND It's Gone": Social Media Angry And Furious Over New Crypto Scandal

Crypto investors are burning up social media after crypto lender Celsius Network says it is pausing all withdrawals.

Benzinga

What Is Bitcoin's Price Right Now?

What’s going on with the crypto markets? The worldwide crypto market capitalization is at $968 billion, a far cry from its all-time high of nearly $3 trillion in November 2021.

Input

Surprise: Bitcoin isn’t an anonymous, democratizing force after all

Contrary to what enthusiasts might tell you, a new study finds that Bitcoin can never be as powerful as it claims.

Input

Major crypto platforms are holding coins hostage as markets collapse

Most major coins are down at least half their all-time highs, and DeFi giant Celsius has frozen users' assets.

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