Crypto

Charles Hoskinson says crypto bear market is temporary, real-world use key to rebound

Charles Hoskinson said the cryptocurrency market downturn is temporary and that another bull market will follow. Speaking at the Wyoming Blockchain Symposium, he said the next rally will not be driven only by speculative money, and that developers should deliver easier and safer products rather than expecting users to understand complex infrastructure. He said real-world use would be the key driver of the next upswing, while remaining optimistic on Cardano and ADA.

Crypto

Crypto deleveraging continues; Galaxy Research says not a 2022-style collapse

Crypto market deleveraging is continuing for a third straight quarter, but it differs from the sharp collapses seen in the 2022 bear market, an analysis said. Galaxy Research said leverage is shrinking across the market at a relatively orderly pace, with recent quarterly declines of 10 percent, 5 percent and 17 percent. Total outstanding loans fell 16.78 percent to $56.16 billion, while DeFi and CeFi balances also declined.