What's left of meta's cryptocurrency project?

Alas, poor Diem... and Novi! What little is left of Meta's once-ambitious cryptocurrency project is limping to an end. A pilot program for Novi, the social media giant's money-transfer service that uses a cryptocurrency wallet of the same name, will cease operating on Sept. 1, according to a notice on its website.

Will the crypto market downturn last a while longer?

The crypto market has fallen 71% from its high, erasing $2 trillion in value. Past crypto winters suggest the current downturn could last a while longer. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

What happened to the crypto market in mid-June?

In mid-June, Celsius froze withdrawals as the crypto market plunged, amplifying fear in an already unstable environment. Additionally, the crypto industry is still feeling aftershocks from the collapse of the Terra blockchain, an event that erased $60 billion and left a once-esteemed ecosystem worthless.

Why is the crypto industry trying to'mainstream' itself?

The value of the most famous cryptocurrency — bitcoin — had just set a record, and the industry was trying to "mainstream itself," as White puts it. Meaning, crypto companies were doing all they could to bring in more customers.