Nikkei closes 1% lower as chipmakers slump

Japan's Nikkei share average ended 1% lower on Monday as investors sold chip-related stocks, while foreign investors kept on the sidelines with U.S. markets being closed for the Juneteenth holiday.

What Is A Crypto Layer 2 And How Does It Work?

To use an L2, a user deposits their L1 funds (like, say ether) into the L2 system via what’s known as a “bridge.” With their funds on L2, the user can transact. L2s utilize the underlying blockchain, but only minimally, which translates to L2 users paying lower fees.

Is Crypto Dead?

Even before the SEC announcements, crypto was in trouble. Dozens of firms had failed, millions of individual investors had plunged into the red or cashed out, and billions of dollars of institutional investment had moved on.