Cry Over Spilt Milke

The decline in Cardano (ADA) price this year has prompted some of its richest investors to accumulate the token.

Notably, addresses holding between 10,000 and 100,000 ADA, also called "sharks," have added 79.1 million tokens (~ $37.7 million as of July 9) to their reserves since June 9, according to data from Santiment.

Cardano shark addresses. Source: Santiment
ADA/USD daily price chart. Source: TradingView
ADA/USD daily price chart featuring 'descending triangle' setup. Source: TradingView

Ongoing strife in the cryptocurrency space has forced Compass Mining to lay off 15% of its employees while top executives and staff take major pay-cuts.

The firm announced its decision to downscale its workforce in a bid to weather difficult market conditions, just a week after the resignation of CEO Whit Gibbs and chief finance officer Jodie Fisher.

"Now there are fierce battles near Lysychansk, however, fortunately, the city is not surrounded and is under the control of the Ukrainian army," Muzychuk said.

He said the situations in the Lysychansk and Bakhmut areas, as well as in Kharkiv region, were the most difficult on the entire front line.

"The goal of the enemy here remains access to the administrative border of Donetsk and Luhansk regions. Also, in the Sloviansk direction, the enemy is attempting assault actions," he said.

Russian media showed videos of Luhansk militia parading in Lysychansk streets waving flags and cheering, but Ukraine National Guard spokesman Ruslan Muzychuk told Ukrainian national television the city remained in Ukrainian hands.

TRIPOLI (Reuters) -Libyan protesters will keep demonstrating until all the ruling elites quit power, they said on Saturday, after rallies in most main cities on Friday culminated in a crowd storming the parliament building and torching parts of it.

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