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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.
• 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.
• 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.
• 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.
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