Crypto News: Is Crypto Bottom Fully In? CEO of $5,100,000,000 Digital Asset Fund Says Industry’s ‘Stresses’ Peaked in Q2

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The CEO of crypto fund Pantera Capital, Dan Morehead, believes the worst of the crypto downturn may be over. Morehead, whose firm manages assets totaling approximately $5.1 billion, says the worst of the crypto crash occurred in May and June when the stresses in the system peaked. “I think we’re really close to the end. In any leverage situation and particularly with DeFi [decentralized finance] smart contracts, things do get liquidated pretty quickly. And the market’s actua ...

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