Bitcoin24h $94,245.84-2.68%

Ethereum24h $3,238.60-1.98%

XRP24h $2.18-1.72%

BNB24h $643.50-2.07%

Solana24h $178.82-0.84%

Dogecoin24h $0.3099-2.52%

Cardano24h $0.8826-1.68%

TRON24h $0.2434-0.11%

Avalanche24h $36.21-2.87%

Chainlink24h $21.95-0.33%

China’s first firm to bet big on crypto warns of major net losses

Beauty filter app Meitu has warned investors it expects a net loss of up to $52 million in the first half of the year thanks to crypto winter.

Coinbase listing hype appears dead as exchange falls 80% from all-time highs

Last week the American crypto exchange saw its share price drop into double digits for the first time when it sank to just over $84.

Prominent Bitcoin miners Hut 8 and Marathon Digital Holdings have both filed with the SEC for the option to trade stock for cash.

Coinbase’s share price suffered its lowest close ever this week, while company execs continue to award themselves massive paydays.

Cayman Islands-based Binance has partnered with a German bank to sell stock tokens, but international regulators are keeping close watch.