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Market Wrap: Prices Plunge Following Hot Inflation Report, Then Reverse Course Completely
13.10.2022
The Consumer Price Index inflation data arrived higher than expected, and markets responded in roller-coaster fashion before settling down. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Biggest Movers: SHIB, SOL Fall to 4-Month Lows, US Inflation Higher Than Expected
13.10.2022
Shiba inu fell to a four-month low on Thursday, as consumer prices in the United States rose by more than expected. U.S. inflation came in at 8.2% in September, which is higher than the 8.1% consensus expectation. Solana was in the red as well, as the token also hit a multi-month low. Shiba...
Despite Crypto Bear Market, Web3 Developers Are Still Building, Study Shows
13.10.2022
A report from Web3 developer platform Alchemy shows that the number of smart contracts deployed on Ethereum has increased by 40% since the end of the first quarter, despite ether’s 60% plunge this year
Why is the price of Houbi Token up 12% today as rest of the market slumps?
13.10.2022
HT price makes further gains as Huobi Global opens SEAN spot trading, but the rally might be short-lived as technicals flip bearish
Meta’s Web3 hopes face challenge of decentralization and market headwinds
13.10.2022
Meta’s metaverse aspirations haven’t fared well for the tech giant, as the firm wiped out nearly five years’ worth of market cap in just 10 months of 2022
Bitcoin, Ethereum Technical Analysis: BTC Below $19,000 Following FOMC Minutes
13.10.2022
Bitcoin was trading below $19,000 on Thursday, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes. In the minutes, the Federal Reserve hinted at upcoming hikes, while also acknowledging a level of surprise at the rate at which inflation has risen. Ethereum moved below...
Stepn Reportedly to Lay Off 100 Employees Amid Market Downturn, Company Denies It
13.10.2022
Play-to-earn game Stepn, which lets users buy non-fungible token (NFT) running shoes and earn native crypto GMT through jogging, reportedly started a major layoff of its contract workers amid a market downturn – but the team behind the app denies firing staff....
Read More: Stepn Reportedly to...
STEPN to sack 100 staff as players step away from the move-to-earn app
13.10.2022
The move-to-earn blockchain game has seen a significant drop in its user base and its rewards token has taken a decline due to the cryptocurrency market conditions
Devere CEO Expects Further Volatility in Crypto Market Before Year-End — Says Savvy Investors Will Benefit From Panic Sellers
13.10.2022
The CEO of Devere Group, a financial advisory and asset management firm, anticipates further volatility in the crypto market before year-end. However, he stressed that “for serious investors, this will not necessarily be seen as a bad thing,” noting that “Savvy, long-term crypto...
Market Wrap: Bitcoin Trades Higher Amid Muted Expectations for Next Inflation Reading
12.10.2022
Thursday’s Consumer Price Index is widely expected to show inflation still above 8%. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
No Man’s Sky’s Billionaires Just Got Rocked By A Galaxy-Wide Market Crash
12.10.2022
At the start of last week, Activated Indium farming was one of the simplest ways to make big money in No Man’s Sky. Players would find a deposit, plop down a ton of drills, and surround it with storage containers. The sci-fi ore poured in. All they had to do was exchange it at a terminal for nearly...
Bankman-Fried: Rescue market is drying up, and we’re all to blame for its existence
12.10.2022
The crypto billionaire said he would look at Celsius, but he saw little left to rescue otherwise; the mess is the price of inaction on the part of regulators and the industry
Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher
12.10.2022
Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing. Quant (QNT)...
How Bitcoin and Crypto Prices Will React to FOMC Minutes, CPI Inflation – is the Market Bottom Near?
12.10.2022
Bitcoin, and crypto prices more generally, have been treading water this week, but that could change from today as producer price index (PPI) inflation data and FOMC minutes are released.
First up to disturb the market from its slumber is the US PPI data, a measure of inflation at the factory...
The Hideaways (HDWY), Ethernity (ERN), and Neblio (NEBL) Leads Market Performers
12.10.2022
It was another red cryptocurrency day. Top coins, Bitcoin (BTC) and Ethereum (ETH), stay in their danger zones while XRP sheds all gains made in the previous day. Etherenity (ERN) and Neblio (NEBL) are among the few tokens traded in the positive zone. The same day, The Hideaways (HDWY) is set...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Higher Ahead of US Inflation Report
12.10.2022
Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly consolidated ahead of the release, which many believe could trigger further action from the Federal Reserve Bank. Ethereum was also higher, as the token rose...
Bitcoin Price Prediction as Recession Fears Rise – Can BTC Reach $100,000 After Bear Market?
12.10.2022
Over the previous few days, the Bitcoin price has hardly budged from its $19,000 level, mostly maintaining a narrow range. On October 12, BTC barely made any moves and soared about 0.25% in the 24 hours.
Concern about a recession among investors is comparable to that voiced in 2020 when 75%...
How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango
12.10.2022
A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake decentralized exchange (DEX)
XRP Price Prediction – Can XRP Hit $10 After Bear Market?
12.10.2022
The XRP price has recorded a 0.5% gain in the past 24 hours, and is up by 1.5% in the past week. At $0.488148, it has also risen by 37% in the last 30 days, buoyed by market expectations that Ripple's ongoing legal tussle with the SEC has entered its end phase....
Read More: XRP Price Prediction...
XEN crypto detonated the crypto market, cryptocurrency trading platform MEXC became its main battlefield
12.10.2022
Recently, a project called XEN Crypto suddenly detonated the crypto market. The mint of its token XEN attracted the participation of more than 364,114 wallet addresses. It triggered a surge in Ethereum network gas fees for 2 consecutive days, reaching 200wei at one point on October 9. According...