Your Favorite Crypto Digest From TradeCrypto.com

BTC is now trading around $20,600, ETH is trading above $1,100.

💪 Bitcoin dominance: 44.23%

📉 Total Cryptocurrency Market Cap: $0,894 tr

😲 Fear and greed index: 9 (Extreme Fear)

🚀 Gainers(Top-100)

Compound (COMP) +36.59%

Storj (STORJ) +31.60%

😭 Losers(Top-100)

Helium (HNT) -0.58%

PAX Gold (PAXG) -0.41%

Embattled crypto lender Celsius delivered an ❗update on its situation, stating that its "objective continues to be stabilizing our liquidity and operations."

“This process will take time,” the New Jersey-based company 📢said in a 📝blog post on Sunday night. Celsius stated that it is maintaining “an open dialogue with regulators and officials” and is seeking to “find a resolution.”

Billionaire FTX founder and CEO Sam Bankman-Fried 📢said his 💱 exchange has a “responsibility” to bail out ailing crypto companies in times of crisis.

Speaking to NPR this weekend, Bankman-Fried 📢said of the current crypto 📉crash that, “I do feel like we have a responsibility to seriously consider stepping in, even if it is at a loss to ourselves, to stem contagion.” He added that, "Even if we weren't the ones who caused it, or weren't involved in it. I think that's what's healthy for the ecosystem, and I want to do what can help it grow and thrive."

Tron’s 🚀newly-launched USDD stablecoin has 📉traded under a dollar for almost a week now, after slipping below its dollar peg on June 13.

USDD hit an all-time 📉low of $0.9255 on June 19, before 📈 recovering to $0.9608 at the time of this writing, according to data from CoinMarketCap. It remains several cents shy of $1–the value it’s intended to be traded at.

The decentralized autonomous organization (DAO) governing Solend, a Solana-based lending platform, has ❌invalidated a previous 🗳️vote that would have let it access a “whale” wallet that was allegedly putting the protocol at ⚠️risk.

The whale in question is the platform’s largest user, who deposited 5.7 million SOL accounting for more than 95% of all Solend’s deposits to borrow about $108 million worth of USDC and USDT. According to Solend, if SOL dropped to US$22.30, the wallet ran the ⚠️risk of getting ❌liquidated for up to 20% of its borrowing, or about US$21 million.

The U.K government will ❌not implement its proposed version of a controversial rule requiring all senders of funds to private crypto wallets to collect identification details of recipients, a 📝document published by the Treasury 📢said.

Based on the feedback received, the Treasury does not think it would make sense to create a 📊data collection rule for unhosted, or private, wallets, it said.

Investors exited bitcoin (BTC) positions worth a record $7.3 billion over the past few days, amounting to the biggest U.S. dollar denominated 📉losses in the asset’s history, data from 📊analytics firm Glassnode shows.

Approximately 555,000 BTC have changed hands between prices of $18,000 and $23,000, a strong support and resistance level respectively for the asset ranged over the past few days, the firm 📢said. Losses ranged between $1.5 billion and $2 billion each day, data shows.

Another Elon Musk-fueled DOGE Rally Ends With a Dump

Dogecoin (DOGE) is struggling to hold onto its weekend gains, slipping following the latest Musk pump.

At one point, the 11th coin by market capitalization was 📈 up by as much as 24%, rising from a daily 📉low of around USD 0.0501 to a relative 📈 📈 📈 high of USD 0.0622. 😟 However, the coin has been trading lower since.

Conclusion: The market is doing much better today.

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