Crypto Market Starting to See Even Old-Timers 'Panic Selling' – Bloomberg

Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Climate change is the defining story of our time. Bloomberg Green brings you the news, science, and data to understand it in full. Every week, Bloomberg’s Kailey Leinz speaks to thought leaders and innovators, while our reporters around the globe bring you the stories of a changing planet. Issues, data, solutions, — this is Bloomberg Green.
Petrobras Seeks Bidders for Potash Mining Rights in the Amazon
Turkey Downgraded by Moody’s Amid Balance-of-Payments Risk
Codelco Turns to AI to Squeeze Out More Copper From Aging Mines
Masayoshi Son Is Now Down $4 Billion on His SoftBank Side Deals
Samsung Heir Wins Presidential Pardon, May Rejoin Board
Rushdie on ‘Ventilator and Could Lose An Eye’ After New York Attack
Harris Hears from Space Firms in Push to Revamp Industry Rules
Soros Reloads on Big Tech With Amazon, Google and New Tesla Bet
‘Pharma Bro’ Martin Shkreli’s Crypto Token Plunges After Massive Sale
Review: TikTok Star Bella Poarch Seeks New Musical Fan Base
MLB Suspends San Diego Padres’ Tatis for 80 Games
Short or Long, Inflation Expectations Are Too High
The Stock Market Rally Looks a Bit Squirrely
Driverless Trucks Can Be Safe and Efficient
Mark Zuckerberg’s Sheryl Sandberg Replacement Has Long Been Meta’s Top Fixer
Booming Beef Industry Has Urban Cowboys Lining Up to Buy Cattle in Uruguay
The Work-From-Home Revolution Is Also a Trap for Women
Trader Joe’s Employees at Minneapolis Store Vote for Union
The WHO Is Renaming Monkeypox and Wants Your Help
NYC Mayor Adams Signs Six Bills to Increase Abortion Access 
Hot Nights: US in July Sets New Record for Overnight Warmth
The Climate Future Just Changed: Eight Predictions for 2030
The Real-World Architects Who Built the Sci-Fi Dystopias of ‘Westworld’
Years of Covid School Closures Leave Philippines With Deep Scars
Hong Kong’s Ban on CBD Products Leaves Companies Facing Ruin
‘Pharma Bro’ Martin Shkreli’s Crypto Token Plunges After Massive Sale
Tornado Cash Token Tumbles After Developer Arrest
Ethereum Founder Buterin Forecasts Blockchain Merge on Sept. 15

As the crypto market crumbled this year, short-term speculators were among the first to dump their holdings. Now mounting losses have even some of the most steadfast investors looking like they’re bailing out.
A measure called the spent output profit ratio, which tracks how much profit has been realized from market activity in digital currencies on a blockchain on any given day, has declined to its lowest level in a year, according to Glassnode data.