The troubled crypto lender has recently placed $745 million worth of ETH into staking contracts within the past 48 hours, further straining the already extensive waiting period for deploying new validators onto the Ethereum network.
On Thursday, Bitcoin miners suffered the most significant impact.
After the market collapsed, Guggenheim Chief Investment Officer Scott Minerd believes there is a lot more downside to crypto. He believes the price of bitcoin will decrease to $8,000.
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