Compass Mining, a provider of crypto mining gear, announced that two of its key executives have resigned. It has also disputed a debt claim by coin miner Dynamics.

The sudden plunge in crypto values, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to fund its weapons programmes

Recent crypto chaos proof that Beijing’s ban on cryptocurrency trading was justified, says Chinese state-run newspaper The Economic Daily

Three Arrows Capital (3AC) – a prominent hedge fund based in Singapore that deals in crypto – has defaulted on a loan worth more than $670 million, broker Voyager Digital says

The number of coins miners are transferring to exchanges has climbed steadily from June 7, researchers said, in a sign that 'miners are increasingly liquidating their coins on exchanges'

Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage

Moody's placed its ratings on review for further downgrades, saying Thursday's move "reflects Coinbase’s substantially weaker revenue and cashflow generation"

Coinflex chief executive Mark Lamb blamed "extreme market conditions" for the move. The Seychelles-based company said it was prompted by "continued uncertainty involving a counterparty"

Tether briefly dropped to $0.993 although it quickly regained parity with the dollar. But investors continue to pull money out of stablecoins and several have lost their pegs to underlying assets.

The Bank for International Settlements said recent turmoil in the cryptocurrency universe is a reminder of crypto's financial vulnerabilities and "deeper structural inadequacies".

The move by the Tencent-owned site is in reaction to a government edict that bans speculation in NFTs and other digital assets, the Hong Kong paper said

The use of high-yield leveraged products worsened the rout in the $247 billion decentralised finance industry over the weekend, Binance chief Changpeng Zhao said