Crypto SWOT: are crypto investors going into hibernation mode?
— Hibernation, Voyager, Reports, Bankruptcy, Swot, Digital, Week, Recent, Bloomberg, Investors — 1 min read
Facebook parent company Meta is to proceed with its plans to bring digital collectibles to its users. Planetarium Labs, a Singapore-based web3 gaming technology firm, has raised $32 million in Series A funding. Voyager Digital has filed for chapter 11 bankruptcy protection. Bitcoin coasted over the $20,000 mark on Wednesday morning even as recession fears linger among investors and an institutional product to short the asset gained traction last week. Bitcoin rose 2% in the past 24 hours, continuing a gradual recovery after last month's sudden drop to the $17,700 level. On-chain activity dropped by 13% in early July from November's highs, levels last seen in the bear phases of 2018 and 2019 (when Bitcoin was worth less than $10,000) Source