Recent crypto chaos proof that Beijing’s ban on cryptocurrency trading was justified, says Chinese state-run newspaper The Economic Daily

Three Arrows Capital (3AC) – a prominent hedge fund based in Singapore that deals in crypto – has defaulted on a loan worth more than $670 million, broker Voyager Digital says

The number of coins miners are transferring to exchanges has climbed steadily from June 7, researchers said, in a sign that 'miners are increasingly liquidating their coins on exchanges'

Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage

Moody's placed its ratings on review for further downgrades, saying Thursday's move "reflects Coinbase’s substantially weaker revenue and cashflow generation"

Coinflex chief executive Mark Lamb blamed "extreme market conditions" for the move. The Seychelles-based company said it was prompted by "continued uncertainty involving a counterparty"

Tether briefly dropped to $0.993 although it quickly regained parity with the dollar. But investors continue to pull money out of stablecoins and several have lost their pegs to underlying assets.

The Bank for International Settlements said recent turmoil in the cryptocurrency universe is a reminder of crypto's financial vulnerabilities and "deeper structural inadequacies".

The move by the Tencent-owned site is in reaction to a government edict that bans speculation in NFTs and other digital assets, the Hong Kong paper said

The use of high-yield leveraged products worsened the rout in the $247 billion decentralised finance industry over the weekend, Binance chief Changpeng Zhao said

The crypto lender said it carried out an emergency assessment of its business operations to determine the company's liquidity status.

The tax will be levied on the difference between the cost of the acquisition of the asset and the transfer price to the employee, the report said