What crisis? High-stakes crypto lending looks here to stay amid market rout

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Today's News

The Fed raised interest rates by 75 basis points today, causing the Dow to sink more than 500 points in a whiplash trading session. The Fed's decision to raise rates was balanced with trying not to tank the economy.Meanwhile, Bitcoin and other cryptocurrencies are on the rise today.

Outline

The crypto lending market is thriving despite recent volatility in the prices of major cryptocurrencies.
Fairlead's Katie Stockton says that the bear market is likely to continue if bitcoin does not recover soon.
The Dow Jones Industrial Average sank more than 500 points in a volatile trading session after the Federal Reserve raised interest rates by 75 basis points.
The Fed's latest rate hike is a delicate balancing act between trying to support the economy and not trigger a recession.
Stocks Push Higher Ahead of Rate Decision: Stock market news live updates.
The world of leg-lengthening surgery is booming.
What Is a Bitcoin Futures ETF? How Does It Differ From a Bitcoin Spot ETF?
Missed Out on Bitcoin? Buy This Cryptocurrency Now.
Why Bitcoin, Marathon Digital, and Hut 8 Mining Are Rising Today.
3 Cryptocurrencies Held by Wealthy Investors.
USDC Is Trending for These 2 Reasons. Is It a Buy?
Is GameStop's Big Bet on NFTs Going Bust?
DPS Recap: How Decrypt’s Alanna Roazzi-Laforet is selling advertisers on blockchain-based branded content.
Meet The Investor Willing To Put His Money Into Ponzi Schemes. His Fund Is Up 593%.
Kraken CEO Jesse Powell Is Stepping Down.
Waiting On The Fed.
Decision To Switch Ethereum To Proof-Of-Stake May Have Been Based On Misleading Energy FUD.
Daily Dozen | Forbes: Putin Doubles Down; The Metal Mining Boom; LA Metro Corruption.
Buying a UK Crypto Business: The New Regulatory Hurdles.
BITO Still Has Room To Fall.
Análisis de Ethereum: una semana después de la fusión.
Crypto-Linked Stocks Rally After Fed Rate Hike.
Bitcoin Lightning-Enabled ‘Listen-to-Earn’ Podcast App Gets an Upgrade.
Market Wrap: Cryptos Decline as FOMC Delivers Expected Rate Hike.
First Mover Americas: Bitcoin Steady at $19K as Traders Wait for Fed's Decision.
Hodlonaut’s Tweets a ‘Reckless Campaign’ Against Craig Wright, Lawyers Say, as Satoshi Trial Reaches Conclusion.
Amid Market Rout, Crypto Miners Are Still Building.
Crypto Exchange CoinCorner Eyes Middle East Expansion Via Partnership With Emirates CEO's Private Office.
Riot Blockchain Sues Northern Data Over Disclosures Related to Texas Bitcoin Mine Acquisition.

What crisis? High-stakes crypto lending looks here to stay

On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan.

The crypto bear market will continue if bitcoin confirms its recent breakdown below $20,000, Fairlead's Katie Stockton says

"Short-term momentum has shifted negative per a new daily MACD 'sell' signal," Fairlead Strategies' Katie Stockton said.

Dow sinks more than 500 points in whiplash trading session after Fed raises interest rates by 75 basis points

"There is a strong clustering within the dot-plots, showing all FOMC members are on board with this more hawkish narrative," ING Economics said.

The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.

"Powell wants to be more predictable [than Volcker], and needs to see clear and convincing evidence of inflation coming down," an expert told Insider.

Stock market news live updates: Stocks push higher ahead of rate decision

<ol><li>Stock market news live updates: Stocks push higher ahead of rate decision Yahoo Canada Finance </li><li>U.S. stocks gain ground ahead of latest interest rate hike CTV News </li><li>Futures edge higher as investors gird for another big rate hike K…

The booming world of leg-lengthening surgery

GQ recently published a fascinating look into the world of elective leg lengthening. I had no idea that cosmetic leg lengthening was a booming business, that hundreds of men in the U.S. are getting the procedure every year (to the tune of $75,000 to $150,000)…

What Is a Bitcoin Futures ETF? How Does It Differ From a Bitcoin Spot ETF?

Some crypto advocates want a Bitcoin spot ETF, but others aren't so sure.

Missed Out on Bitcoin? Buy This Cryptocurrency Now.

Cardano has reached a very important chapter in its story.

Why Bitcoin, Marathon Digital, and Hut 8 Mining Are Rising Today

The market is reacting to the Federal Reserve raising its benchmark interest rate today.

3 Cryptocurrencies Held by Wealthy Investors

These crypto favorites have produced monumental returns, but these investors think there's even more potential.

USDC Is Trending for These 2 Reasons. Is It a Buy?

Several companies have added USDC to their platforms.

Is GameStop's Big Bet on NFTs Going Bust?

The video game retailer's turnaround strategy was always a risky venture.

DPS Recap: How Decrypt’s Alanna Roazzi-Laforet is selling advertisers on blockchain-based branded content

For crypto publisher Decrypt, blockchain has been a key component of multiple campaigns it’s sold to advertisers through its branded content studio.

Meet The Investor Willing To Put His Money Into Ponzi Schemes. His Fund Is Up 593%

Harris Kupperman’s Praetorian Capital seeks out hysteria in every corner of the market, from bitcoin to natural gas.

Kraken CEO Jesse Powell Is Stepping Down

In an all-hands meeting Jesse Powell announced that he is stepping down as CEO of the crypto exchange that he founded back in 2011.

Waiting On The Fed

After a strong Monday, markets took it on the chin Tuesday in what I’ll call fairly typical pre Fed announcement trading.

Decision To Switch Ethereum To Proof-Of-Stake May Have Been Based On Misleading Energy FUD

The Merge has transformed ETH from a decentralized asset, available to any young gamer with access to a decent GPU, to more of a centralized, oligarchic asset, controlled by a relatively few participants who already own tens of thousands of dollars’ worth of …

Daily Dozen | Forbes: Putin Doubles Down; The Metal Mining Boom; LA Metro Corruption

PepsiCo is the latest major food company to stop production in Russia; Biden's pick to lead the Federal Aviation Authority was named in a corruption-related search warrant; new mines are needed to satisfy growing demand for lithium-ion batteries; and more.

Buying a UK Crypto Business: The New Regulatory Hurdles

The advance of the regulation of crypto-assets and crypto-related service providers has been piecemeal in the U.K. The latest round of changes...

BITO Still Has Room To Fall

Despite a disastrous 2022 for BITO (and crypto in general), substantial downside risk remains. Find out why I'm bearish on BITO.

Análisis de Ethereum: una semana después de la fusión

Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.

Crypto-Linked Stocks Rally After Fed Rate Hike

Cryptocurrency-exposed stocks rose along with bitcoin and ether following the Federal Reserve's announcement Wednesday to boost the interest rate 75 basis points.

Bitcoin Lightning-Enabled ‘Listen-to-Earn’ Podcast App Gets an Upgrade

The app’s new model offers a simpler, more intuitive and more transparent way for listeners to earn BTC.

Market Wrap: Cryptos Decline as FOMC Delivers Expected Rate Hike

Expect the price of bitcoin and other riskier assets to bob and weave on the waves of macroeconomic uncertainty. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

First Mover Americas: Bitcoin Steady at $19K as Traders Wait for Fed's Decision

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 21, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Hodlonaut’s Tweets a ‘Reckless Campaign’ Against Craig Wright, Lawyers Say, as Satoshi Trial Reaches Conclusion

Accusing the self-proclaimed bitcoin founder of being a mentally ill scammer shouldn’t be allowed in a democracy, Wright’s lawyers said on the final day of the Oslo trial.

Amid Market Rout, Crypto Miners Are Still Building

Crypto miners are still developing innovative data centres, despite a souring market that has some of them struggling to survive.

Crypto Exchange CoinCorner Eyes Middle East Expansion Via Partnership With Emirates CEO's Private Office

U.K. crypto exchange CoinCorner is looking to expand across the Middle East through a partnership with the private office of Sheikh Saeed bin Ahmed Al Maktoum, CEO of the Emirates airline and member of the ruling family of the United Arab Emirates (UAE).

Riot Blockchain Sues Northern Data Over Disclosures Related to Texas Bitcoin Mine Acquisition

This is the second lawsuit related to the giant Texas mine that Riot acquired last year.