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Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16

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It has been a chaotic week for digital assets. Two firms may be inching closer to insolvency while Coinbase, one of the largest crypto exchanges, laid off almost a fifth of its staff.

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Coin Market

El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M

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El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC.

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Coin Market

David Sacks has 2 years to push through meaningful policies — lawyer

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Republicans currently have a narrow majority in the United States House of Representatives, where the party holds 219 seats.

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Coin Market

Blockchain Association sues IRS over crypto broker rules

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The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act.

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