5 crypto firms wind down this week amid ongoing market slump

Fantasy.top, Everclear and ZERO Network announced they were winding down on Thursday, adding to a growing list of crypto companies that have closed this year. Source: Cointelegraph

Fantasy.top, Everclear and ZERO Network announced they were winding down on Thursday, adding to a growing list of crypto companies that have closed this year. Source: Cointelegraph

Data show Bitcoin futures traders are pursuing overhead short positions, raising the chance of a rally to $80,000. Source: Cointelegraph

Data shows Bitcoin traders cutting short positions and going long despite concerning US macroeconomic data emerging. Is a rally toward $82,000 next? Source: Cointelegraph

Harvard’s endowment fund has become one of the latest high-profile holders to liquidate its ETH as investor sentiment sours during the ongoing bear market. Source: Cointelegraph

Federal Election Commission filings showed only $175,000 in contributions to the hybrid PAC, which could influence US voters through media buys before key elections in several states. Source: Cointelegraph

Data suggest Bitcoin’s chance of dropping below $60,000 again is slim to none, thanks to longer-term investors holding more than 71% of the asset’s total supply. Source: Cointelegraph

The crypto exchange’s new pre-IPO futures product lets traders speculate on SpaceX’s expected public market valuation before the company begins trading on public exchanges. Source: Cointelegraph

Critics say the new 22% crypto tax, set to take effect in 2027, unfairly favors other asset classes with a much lower tax burden. Source: Cointelegraph

The financial regulator signed a similar agreement with Major League Baseball in March and continues to file lawsuits against state-level authorities going after prediction market platforms over sports betting. Source: Cointelegraph

The crypto services company began the US IPO process as companies across the digital asset sector weigh public market debuts. Source: Cointelegraph