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Price Analysis: $BTC Dives, $BTC in South Korea as CPI Impact Still Continues

BTC and the broader crypto market continued to make a dive in the red as the CPI data impact was still here.

But it's not the case for JKWON as the meme token has been skyrocketing while @stablekwon faced arrest in South Korea.

In Coin360 Daily Digest:

2/ The growing uncertainty among investors was reflected in BTC price today with a 3% decline to 20,200.

@santimentfeed pointed out a "small" interest in buying the dip as traders on CME started to price in a 28% chance of a 100 bps rate hike:

Santiment on TwitterSantiment on Twitter

3/ ETH futures volume reached its three-month high at 61B as traders appeared to open more short positions. ETH is trading around 1,600 with a 1.5% drop.

CEL RVN led the top 100's gain today, followed by ETC LINK COMP.

Details in our heatmap:

Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

4/ As part of @BNBCHAIN x @GoogleCloud partnership, projects building on BNBChain will also be able to build on GoogleCloud's scalable, secure and open source infrastructure.

BNB Chain to collab with Google Cloud to bolster Web3, blockchain startupsBNB Chain to collab with Google Cloud to bolster Web3, blockchain startups

5/ @compoundfinance is adding a borrowing service for institutions that will accept their BTC ETH as collateral against stablecoin loans.

Compound Treasury debuts crypto-backed loans for institutional clientsCompound Treasury debuts crypto-backed loans for institutional clients

6/ @unstoppableweb is working with @bitdegree_org on its Learn&Earn campaign, which will distribute up to 50M worth of NFT domains as a reward to web3 course graduates.

BitDegree and Unstoppable Domains to reward 50m in NFT domains to crypto and Web3 learnersBitDegree and Unstoppable Domains to reward 50m in NFT domains to crypto and Web3 learners

7/ @celsiusnetwork is weighing a new business model to repay creditors and win back customers that requires "absolute zero trust." CEL rose over 30% at one point due to the news.

Celsius Banks on Future With New Plan Named ‘Kelvin’ - BlockworksCelsius Banks on Future With New Plan Named ‘Kelvin’ - Blockworks

8/ @terra_moneys LUNA fell by 45% and LUNC dropped by 19% as a court in South Korea issued an arrest warrant for @stablekwon.">@stablekwon

South Korea issues arrest warrant for Do Kwon, Luna drop nearly 50%South Korea issues arrest warrant for Do Kwon, Luna drop nearly 50%

9/ @OwneraIO a trading network for tokenized assets, has announced a 20M fund raise with backers including @jpmorgan

JPMorgan Backs 20M Round for Blockchain Infrastructure Startup OwneraJPMorgan Backs 20M Round for Blockchain Infrastructure Startup Ownera

10/ @TwoSigmaVC raised 400M across its two funds to invest in companies that use data and technology for social advancement.

Announcing 400M in New Funds to Fuel Data Science and Software-Driven Innovation in Early and Growth Stage StartupsAnnouncing 400M in New Funds to Fuel Data Science and Software-Driven Innovation in Early and Growth Stage Startups

11/ @DiamondStdCo which is tokenizing diamonds to create a new investable asset class, raised 30M in a Series A funding round led by @leftlanecap and @HorizonKinetics

Blockchain Startup Diamond Standard Raises 30M to Fund ExpansionBlockchain Startup Diamond Standard Raises 30M to Fund Expansion

12/ @MadronaVentures raised 690M across two oversubscribed funds for technology startups based in the Pacific Northwest and beyond.

Its current investment themes include web3, applied AI & machine learning and others.

Madrona Raises 690M Across Two Oversubscribed Funds to Invest in Tech Startups - NFTgatorsMadrona Raises 690M Across Two Oversubscribed Funds to Invest in Tech Startups - NFTgators

13/ @SoftBank is considering launching a new startup investment fund and putting additional money into Vision Fund 2, its main investment fund for the past few years.

SoftBank Considers Launching a Third Vision FundSoftBank Considers Launching a Third Vision Fund

14/ Other news:

Ethereum sell pressure post The Merge unlikely: @nansen_ai report:

@MuseumModernArt to sell 70M art collection, may use proceeds to buy digital art and NFTs:

Ethereum Sell Pressure Post The Merge Unlikely: Nansen Report - Ethereum World NewsEthereum Sell Pressure Post The Merge Unlikely: Nansen Report - Ethereum World News
70M Art Collection at MoMA To Be Sold, Proceeds Could Fund NFT Buys - Decrypt70M Art Collection at MoMA To Be Sold, Proceeds Could Fund NFT Buys - Decrypt

15/ @Twitter shareholders approved @ElonMusks 44B bid, despite lawsuit:

@AlchemyPlatform is raising for a new venture fund:

@HuobiGlobal becomes third global exchange to sign with S.Korea's Busan city:

Twitter Shareholders Approved Elon Musk's 44B Bid, Despite LawsuitTwitter Shareholders Approved Elon Musk's 44B Bid, Despite Lawsuit
Web3 unicorn Alchemy is raising for a new venture fundWeb3 unicorn Alchemy is raising for a new venture fund
Huobi is third global exchange to sign with S.Korea’s BusanHuobi is third global exchange to sign with S.Korea’s Busan

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