Andre Cronje and Anton Nell are Leaving the Crypto Space

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Today’s Cryptocurrency Headline

Anton Nell, DeFi developer and senior architect at the Fantom Foundation, tweeted that he and Andre Cronje have decided to quit DeFi and cryptocurrency and will shut down about 25 applications and services on April 3, 2022, including Yearn, Keep3r, Solidly etc. Anton Nell said, “this is not a knee jerk reaction to the hate received from releasing a project, but a decision that has been coming for a while now”. Previously, Andre Cronje had already cancelled his Twitter account and amended his LinkedIn profile to indicate that he had stopped working on Yearn.Finance, Fantom, and the broader Ethereum ecosystem.

BingX’s Bitcoin Chart

Source: TradingView& BingX

According to ByteTree’s tracking information, the number of BTC held by U.S. and Canadian closed-end funds and Canadian and European ETFs has reached a record 851,841, which means that the above institutions have increased their holdings by nearly 10,000 BTC in the past month. BTC plunged below $40,000 on March 4 and traded below the level during the weekend. BTC fell to an intraday low of $38,211.65 on Sunday and broke below the exponential moving averages($40,332), suggesting that bears are attempting to gain the upper hand. If the price sustains below the exponential moving averages, the bears will try to pull the price to $36,000.

 

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