The following are five noteworthy news in the currency circle in the past 24 hours:
1. Bitcoin recovers to $60,000, but volatility may persist
According to analysts, Bitcoin price is back close to $60,000. However, instability remains in the market and price volatility is expected to continue. This volatility reflects the volatility of market sentiment and the uncertainty of the macroeconomic environment, and investors need to be cautious.
2. Top Crypto VC Firm Reveals Ex-Partner’s Undisclosed Side Deals
A top cryptocurrency venture capital firm has revealed that its former partner made private transactions with its portfolio companies without disclosing them. The incident exposed governance issues and potential conflicts of interest within the company, raising concerns about the transparency and compliance of its operations.
3. Bitcoin Fear and Greed Index drops to lowest since January 2023
Recently, Bitcoin’s Fear and Greed Index dropped to its lowest level since January 2023, showing that market sentiment towards the cryptocurrency is in a state of extreme fear. The index measures market sentiment, with current low levels reflecting heightened investor concerns and uncertainty. This may be due to recent market volatility and uncertainty in the macroeconomic environment.
4. Standard Chartered Bank’s cryptocurrency arm Elwood Capital acquisition transaction
Standard Chartered’s cryptocurrency arm, Elwood Capital, recently completed a major acquisition to further expand its presence in the digital asset management space. The deal marks Standard Chartered’s continued expansion into the cryptocurrency market and underlines its long-term commitment to the space. The acquisition is expected to enhance Elwood Capital’s technology and service capabilities to provide its clients with more comprehensive and secure cryptocurrency investment solutions.
5. Bitcoin mining company TeraWulf pays off debt and plans operational expansion
TeraWulf, a company focused on Bitcoin mining, recently paid off its outstanding debt and announced an ambitious operational expansion plan. The company plans to increase the capacity and efficiency of its mining facilities to solidify its position in the cryptocurrency industry. This move is designed to enhance TeraWulf’s market competitiveness and maximize its profitability in the ever-changing crypto market.