Bitcoin price is finding buyers at $66,550 and has dropped below $67,000 again. ETH ETF had a good start. However, we saw that this was not reflected in the price. BTC weakened slightly as Trump said he did not consider Dimon or a BlackRock executive for Treasury Secretary. However, this breaking news is only about DYDX.
DYDX is Being Sold
According to a Bloomberg report based on two unnamed sources, the DYDX v3 platform will be sold. The team is in talks with some potential buyers. Although the price jumped to $1.45 with the news, it crashed to the July 19 low of $1.35 and continues to fall. Concerns about the token’s fate may have been fueled here; if the team makes a statement (about the token’s continuation, etc.), a quick recovery could occur.
“Two people who said Wintermute Trading and Selini Capital are among the potential buyers of dYdX v3 software requested anonymity as the discussions are not public.”
Before the article was finished, the price dropped even further to $1.29. Investors need to be prepared for further declines or a rapid rebound scenario.
Update: The DYDX website has been compromised, and the team advises against clicking on any links.
