Market Wrap: Bitcoin Heads for Record Half-Year Loss of 59%

STEPN’s DEX surpasses Orca: The decentralized exchange (DEX) of move-to-earn game STEPN is now the largest DEX on Solana, according to a tweet from the anonymous founder of Solana-based lending platform Solend. The founder of the Solend protocol has also expressed interest in integrating STEPN’s tokens into its lending platform. Read more here.

Nansen to track Solana NFT data: The on-chain analytics platform is adding to its toolkit of non-fungible token (NFT) analytics, announcing that its long-awaited Solana integration is live. The platform’s data, which includes trade volumes, wallet analysis and minting dashboards, comes from the ecosystem’s two most popular marketplaces, Magic Eden and OpenSea. Read more here.

Harmony Horizon exploit linked to North Korea: The blockchain’s developers now have a “global manhunt” to track down the attackers behind last week’s $100 million exploit of its Horizon bridge, offering a $10 million bounty. Read more here.

Listen ?: Today’s CoinDesk Markets Daily podcast discusses the latest market movements and dives into a nuanced look of how the SEC views crypto.

Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market: Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data compiled by CoinDesk.

Bitcoin Drops to Nearly $19K as Fed Renews Inflation Warnings: Central bank leaders warned Wednesday that inflation is going to last longer than some estimated.

EU Watchdog Wants to Address Threat Crypto Assets Could Pose to Financial System: The European Systemic Risk Board is looking into measures and policies to address the potential threat that crypto assets could present to the global financial system.

FTX Passed on Deal to Purchase Celsius Due to Deficient Balance Sheet: Report: Sam Bankman-Fried’s crypto exchange also reportedly found Celsius hard to deal with.

CFTC Charges South African Bitcoin Club Mirror Trading International With $1.7B Fraud: MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said.

FBI Adds OneCoin Founder Ruja Ignatova to Its Most Wanted List: Ignatova is accused of defrauding investors out of more than $4 billion via a crypto Ponzi scheme.

JPMorgan Says Crypto Market Deleveraging Cycle Won’t Be Lengthy: Stronger crypto companies are stepping in to help contain contagion, and venture capital funding is still healthy, the bank said.

Societe Generale Selects Swiss Crypto Custody Specialist Metaco for Security Token Push: Big banks and custodians have entered the “FOMO” stage when it comes to crypto, said Metaco CEO Adrien Treccani.

Singapore Central Bank Censures Three Arrows Capital for Alleged Misleading and False Disclosures: The crypto hedge fund also exceeded the threshold of assets it could manage in Singapore, according to the central bank.

OpenSea Reports Email Data Breach: An employee at an outside contractor tasked with managing OpenSea email newsletters copied the list of customer emails and shared it with an outside party, OpenSea says.