United States adds total market cap of Bitcoin worth of debt in 15 days, fear of recession intensify The economic and political conditions of the Unit
ed States have been feeding the concerns of a recession. The fear of a government shutdown, the removal of McCarthy as Speaker, and the rising debt are increasing the worry among citizens. However, some are seeing this as an opportunity for crypto to make a bullish turn. Avalanche-based Friend.tech competitor, StarsArena, drained of $1 million; dApp says it's “at war” Friend.
However, one Avalanche-based protocol stood apart, which is now being touted for a broken code that allegedly led to an exploit. Banking crisis concerns persist in US amid crypto blame game US small lenders aren’t still out of the woods as the financial stress that caused several failures in the sector earlier this year persists. There are signs that another banking crisis could be in the making, BitMEX’s co-founder Arthur Hays said.
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