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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

Underdog taps zerohash to bring crypto deposits to prediction markets

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The new funding option, expected to launch later this year, will allow eligible Underdog users to deposit digital assets around the clock.

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Coin Market

Irish cenbank fines Coinbase arm $3.6M for oversight, safeguard failures

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According to the Central Bank of Ireland, Coinbase Ireland had agreed with the facts around the enforcement action and will be subject to fines and sanctions upon approval by a high court.

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Bitcoin hashrate hits seven-month high as AI shift fails to ease mining competition

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According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors.

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