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Miners Are Selling! & Tether's New Stablecoin? [ Crypto Espresso 06.22.22 ]


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🔵 CoinMarketCap Daily:

• Major Bitcoin Mining Firm Sells 3,000 BTC and Abandons HODLing Strategy

Given the sheer amount of BTC that’s held by miners, there are fears that persistent, large sell-offs could contribute to downward pressure on Bitcoin’s price.

https://coinmarketcap.com/alexandria/article/major-bitcoin-mining-firm-sells-3-000-btc-and-abandons-hodling-strategy


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• Crypto Firms Slash Ad Spending By 90% as Bear Market Bites, Figures Suggest

While crypto ads dominated the airwaves on U.S. television until very recently, top exchanges have cut back on high-profile TV spots.

https://coinmarketcap.com/alexandria/article/crypto-firms-slash-ad-spending-by-90-as-bear-market-bites-figures-suggest

• No, Snoop Dogg Isn’t Attending the NFT NYC Conference

Snoop Dogg is passionate about NFTs — and is the proud owner of CryptoPunks and Bored Apes… but he ain’t at this event.

https://coinmarketcap.com/alexandria/article/no-snoop-dogg-isn-t-attending-the-nft-nyc-conference

• Tether is Launching a Brand-New Stablecoin

A number of stablecoins have been nibbling away at Tether’s market share of late — most noticeably USDC, which is issued by Circle.

https://coinmarketcap.com/alexandria/article/tether-is-launching-a-brand-new-stablecoin

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