The worldwide cryptocurrency market capitalization is at $893.8 billion on Wednesday, down from $927 billion on Tuesday afternoon.
Crypto asset broker and trading platform Voyager Digital announced on Wednesday that it is threatening the hedge fund Three Arrows Capital (3AC) with a default notice over its debt to Voyager.
The company said its exposure to 3AC consists of 15,250 Bitcoin (CRYPTO: BTC) and $350 million worth of stable coin USDC (CRYPTO: USDC). Voyager made the request that it expects all debts to be paid by June 27.
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Meanwhile, Voyager and BlockFi both received credit facilities upwards of $250 million from Alameda Research, which is a quantitative cryptocurrency trading firm that provides liquidity in cryptocurrency and digital asset markets, founded by FTX CEO Sam Bankman-Fried.
Bitcoin is down 3.71% in the last 24 hours, rebounding from Friday's lows of $17.7k — the coin priced at $20,367 on Wednesday morning.
Let’s take a peek at some of the other top cryptos.
Ethereum (CRYPTO: ETH)
The popular altcoin used mainly for the purchase of NFTs remains buoyant, floating around 52-week lows. The coin is trading at $1,085.70.
Solana (CRYPTO: SOL)
The “fast, secure, and scalable” coin is trading 6.25% lower in the last 24 hours, with prices hovering around $35.13 on Wednesday.
BNB (CRYPTO: BNB)
Binance’s native coin is trading 2.92% lower to $216.27.
Dogecoin (CRYPTO: DOGE)
The ever-popular altcoin is trading 3.93% lower to $0.062.
