One factor placing pressure on BTC price could be the Luna Foundation Guard (LFG) selling 80,081 Bitcoin, or 99.6%, of their position. On May 16, LFG released details on the remaining crypto collateral and from one side, this project's sell-off risk has been eliminated, but investors question the stability of other stablecoins and their decentralized finance (DeFi) applications. Recent remarks from FTX CEO Sam Bankman-Fried about proof-of-work (PoW) mining environmental and scalability i...
