Barring the USD Coin, XRP and Polkadot, all top crypto tokens were trading in the red on Monday. Solana and Shiba Inu plunged 3 per cent each. Cardano, Polkadot, Polygon and Avalanche shed 2 per cent each.
The global cryptocurrency market cap was trading marginally lower at $926.12 billion, dropping about a per cent in the last 24 hours. However, the total trading volume jumped almost 3 per cent, close to $54.33 billion.
Bitcoin miner Iris Energy signed a deal to sell up to $100 million in equity to investment bank B Riley over the next two years, marking the bank’s second big investment in the industry that is facing serious market headwinds.
Compute North’s bankruptcy filing was caused by trouble dealing with one of its biggest lenders – Generate Capital – along with market headwinds and supply-chain disruptions, according to the newly appointed chief financial office.
On the very day that the Ethereum Merge dramatically elevated the importance of validators in the blockchain’s ecosystem, one of the biggest ones – stakefish – was beset with chaos.
Holders of preferred equity in failed cryptocurrency lender Celsius Network want to make sure they’re at the table in talks on clawing back their investments, as well as first dibs on proceeds from the sale of certain assets.
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