The Friday Focus: Issue 39

Welcome to our Friday newsletter. Here you find the most exciting crypto content from the previous week - curated for you by us.

Weekly happenings in the crypto industry (June 17th - June 21st)

The crypto chaos continues as deleveraging spreads through the industry, and crypto broker Voyager and futures exchange CoinFLEX are the last to lower daily withdrawal limits. The crypto industry has no lender of last resort like the traditional financial markets. However, we still see some financially robust players stepping in to stabilize the sector as BlockFi receives a $250M credit facility from FTX and Nexo hiring Citigroup to advise on acquisitions. We also see the public mining companies showing weakness, dumping bitcoin as never before.

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