Crypto's liquidity troubles spread to more platforms

The Straits Times LogoThe Straits Times5d ago

Crypto's liquidity troubles spread to more platforms

Quick Summary

June 24, 2022 7:52 AMNEW YORK (BLOOMBERG) - A broad-based sell-off in digital assets and the collapse of high-profile tokens TerraUSD and Luna have caused ripple effects across the crypto industry.

Nexo has made an unsolicited offer to acquire assets of its competitor Celsius, which has frozen investor withdrawals.

Total market value of cryptocurrencies which topped US$3 trillion in November has dropped to US$957 billion.

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Article Details

Category: Business

Topics: Week Crypto Coinflex Firm Assets Three Exchange Market Withdrawals Nexo Arrows

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 07:52:15

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 497 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 6688

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About The Straits Times

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Main Topics: Business

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Update Frequency: 4 posts per day

Year Established: 1845

Headquarters: Singapore

Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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