Daily Crypto News

1. OpenSea layoffs: NFT marketplace to cut workforce by 20%, CEO says — OpenSea CEO says the workforce reduction is because of the current ‘crypto winter and broad macroeconomic instability.’
2. Bitcoin Consolidates Under $21K While Ethereum Rises to $1.2K — Bitcoin is inching closer to escaping the $20k’s resistance and close above $21k.Ethereum, despite recovering to $1.2k, might face some hurdles before reaching $1.3k.
3. Crypto Firm Voyager Seeks to Honor Customer Withdrawals From Custodian Bank — Cryptocurrency brokerage and lending firm Voyager Digital has asked for a bankruptcy judge’s permission to honor withdrawal requests for $350 million in cash funds held on behalf of its customers at a custodian bank, court filings show.
4. The Best Bitcoin Stocks And Crypto Plays To Watch? None Currently — The price of Bitcoin has tumbled this month and currently sits below $20,000, driven lower by inflation concerns and signs of bigger cracks in the crypto ecosystem. A number of Bitcoin stocks — or companies that have business tied to the cryptocurrency — are living in the basement as well.
5. Shiba Inu and Dogecoin Move by 4% Despite Market Cap Rising to $913B — With most of the meme tokens marking a hike in prices, the overall market cap of the meme coins could be seen reclaiming $15 billion.
6. Market Wrap: Bitcoin Erases Weekly Losses, but Skepticism Remains — The largest cryptocurrency by market capitalization rose 1.5% over the past 24 hours and was recently trading at about $21,000.
7. Lido DAO Carries the Market With a 31% Rally As SNX Drops by 5% —The balance of rallies and dips will always keep the market restrained from either falling too much or rising by a considerable margin.
8. Decentralized Oracle Empiric Network Launches With $7M Funding Round — Empiric Network, a new decentralized blockchain oracle on StarkNet, has raised $7 million in a funding round led by Variant. The funding will largely go toward hiring, Empiric co-founder Karl Oskar Schulz told CoinDesk in an interview.
9. US Congressional Group ‘Disturbed’ by Crypto Mining Energy Usage — In a letter sent to the U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE), six Democrats led by Rep. Jared Huffman of California and Sen. Elizabeth Warren of Massachusetts requested those agencies require greater emissions and energy use reporting from the crypto mining industry.
10. Ethereum’s Merge Projected for September According to ‘Soft’ Timeline — Tim Beiko of the Ethereum Foundation projected this week that the Merge — Ethereum’s long-anticipated transition to a new design — might take place the week of Sept. 19.

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