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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

Memecoins lose momentum as $40B lost in December

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Memecoins surged to as high as $137 billion in December before falling to as low as $92 billion in the same month. The memecoin market lost over $40 billion in December, with traders witnessing massive volatility and shifting opportunities.

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Coin Market

Altcoin ‘euphoria’ phase begins once market cap jumps 16% — Trader

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A crypto trader says the altcoin total market cap needs to rise around 16% before “euphoria” sets in, and until then, the market could remain “choppy.”

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Coin Market

Bitcoin may reach $150K or $400K in 2025, based on SBR and Fed rates — Blockware

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Bitcoin’s potential price range in 2025 is quite significant, but it bears down to three major factors, according to the crypto mining firm Blockware.

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