Telo News - Crypto | DeFi | Web3

27 Sep 2024 14:53

A U.S. judge ruled that the criminal case against Tornado Cash developer Roman Storm will proceed to trial on December 2.

Storm faces up to 45 years in prison if convicted on conspiracy to commit money laundering and violating sanctions.

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27 Sep 2024 13:26

Changpeng Zhao, Binance founder, will be released today after a four-month sentence.

He may focus on family, philanthropy, and retains influence at Binance as its largest shareholder despite stepping down as CEO.

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26 Sep 2024 13:24

Ethena plans to launch a new stablecoin called UStb, backed by BlackRock’s tokenized U.S. Treasuries fund, BUIDL.

Ethena’s existing decentralized synthetic dollar, USDe, has grown to become the fifth-largest stablecoin, with a $2.6bn circulating supply.

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26 Sep 2024 12:11

Caroline Ellison, former Alameda Research CEO and key witness in the trial of FTX founder SBF, was sentenced to two years in prison for her role in a multibillion-dollar fraud.

Ellison had pleaded guilty to fraud and money-laundering charges related to FTX's collapse.

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24 Sep 2024 11:59

Kraken has completed its acquisition of Coin Meester B.V. (BCM), expanding its presence in the Netherlands and strengthening its European business.

BCM clients will gain access to over 200 digital assets and Kraken’s full product suite in the coming months.

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24 Sep 2024 09:04

The U.S. Court of Appeals questioned the SEC's denial of Coinbases’ request for crypto rulemaking, questioning the lack of reasoning and pointing out the explanation owed to the industry.

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23 Sep 2024 18:41

Pavel Durov announced that Telegram Search has been improved for safety, with AI helping remove illegal content.

The updated Terms of Service now permit the disclosure of IP addresses and phone numbers of rule violators to relevant authorities upon valid legal requests.

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23 Sep 2024 13:08

Digital asset investment products saw a second week of inflows, totaling $321m, with Bitcoin leading and Ethereum facing more outflows:

⚫️Bitcoin led with $284m inflows; short-Bitcoin products also gained $5.1m
⚫️Ethereum saw its 5th consecutive week of outflows, totaling $29m
⚫️U.S. inflows hit $277m, while Switzerland saw $63m inflows
⚫️Solana continues its positive streak with $3.2m in inflows

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23 Sep 2024 11:12

Only 43% of Hamster Kombat’s users qualified for the season 1 airdrop, with 2.3m users banned for cheating.

The game will distribute 60bn tokens, with most airdropped immediately and the rest vested over 10 months.

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23 Sep 2024 09:12

MicroStrategy outperformed 100% of S&P 500 companies since the adoption of Bitcoin strategy.

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22 Sep 2024 13:16

💌💌💌💌💌
✔ This week's crypto market highlights:

⚫CZ to be released on September 29
⚫TON, Curve partner for TON-based stable swap
⚫DBS Bank to launch OTC crypto options
⚫BlackRock and Microsoft to launch AI fund
⚫Fed cuts rates by 50bps
⚫Terraform Labs approved for shutdown
⚫SEC approves options on BlackRock Bitcoin ETF

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20 Sep 2024 23:07

💡💡💡
The SEC has approved options on Blackrock spot Bitcoin ETF.

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Telo News - Crypto | DeFi | Web3

20 Sep 2024 16:47

Catizen (CATI), TON-based cat-raising game on Telegram, became the first cat-themed token to list on Binance. The price shot up over 30% in light of the listing.

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20 Sep 2024 16:13

MicroStrategy bought another 7,420 BTC for approximately $458.2m, bringing its total holdings to 252,220 BTC.

The firm's BTC holdings have already achieved positive yields of 5.1% quarter-to-date (QTD) and 17.8% year-to-date (YTD).

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20 Sep 2024 10:26

Terraform Labs has received approval to shut down its operations in bankruptcy, allowing the company liquidate assets and repay eligible stakeholders. The preceding judge said it was better than further litigation.

The defunct company must settle crypto claims before addressing SEC obligations. Losses are estimated between $184.5m and $442.2m (exact number unknown), in relation to the $40bn wiped out in the UST and LUNA collapse.

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27 Sep 2024 14:39

SEC Chair Gary Gensler reiterated plans to expand the definition of “exchange,” which could impact DeFi platforms.

The proposed rule change aims to close regulatory gaps and apply stricter requirements to platforms, sparking concern in the digital asset space.

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26 Sep 2024 16:01

SEC Chair Gary Gensler affirmed on CNBC that Bitcoin is not a security, citing the same decision as his predecessor.

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26 Sep 2024 12:29

Dubai's crypto regulator, VARA, will enforce stricter requirements starting October 1, mandating companies marketing crypto investments to include a disclaimer about the risks and volatility of virtual assets.

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24 Sep 2024 12:14

The Swedish authorities and the Financial Intelligence Unit (FIU) released a new report labeling crypto exchange providers as "professional money launderers."

The FIU pointed out that illicit crypto providers are crucial for organized crime to maintain and expand criminal markets.

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24 Sep 2024 11:51

Hong Kong has started the second phase of its e-HKD pilot, focusing on tokenized asset settlement, programmability, and offline payments, with results expected by the end of 2025.

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24 Sep 2024 08:26

BlackRock amended its Bitcoin ETF application, requiring Coinbase, the custodian for the ETF, to process Bitcoin withdrawals within 12 hours of receiving the request.

This is in response to growing investor concerns about Coinbase’s onchain settlement processes and the possibility that Coinbase might acquire “paper BTC,” potentially artificially suppressing the actual Bitcoin price.

These concerns have been fueled by Bitcoin’s stagnating price over the last few months, despite the influx of institutional investments through these ETFs.

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23 Sep 2024 17:03

CryptoQuant’s CEO reports a shift in Bitcoin hashrate dominance towards U.S. mining companies, with Chinese pools controlling 55% and U.S. pools 40%. U.S. pools primarily serve institutional miners.​

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23 Sep 2024 11:27

Silvergate’s executive blamed the bank’s shutdown on a sudden regulatory shift in early 2023, despite the bank stabilizing and meeting capital requirements.

Increased scrutiny from U.S. regulators over banks serving crypto clients forced Silvergate to wind down operations in March 2023, marking the first mid-size bank collapse of that year.

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23 Sep 2024 10:07

Australia plans to require crypto firms to obtain financial services licenses, as many assets are now considered financial products.

ASIC aims to update guidance on crypto tokens by November to reduce risks and protect consumers.

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23 Sep 2024 09:08

USDT market cap reached a new all-time high, nearing $120bn.

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21 Sep 2024 21:41

Le Figaro reported that after the arrest of Pavel Durov in Paris, Telegram began responding to requests from French authorities and promised to cooperate with French justice.

Following this, similar requests were made by the U.S., South Korea, and Belgium.

Telegram has since provided information to assist in criminal investigations, including cases related to pedophilia, and has shown increased cooperation with judicial authorities, confirmed by Belgian prosecutors.

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20 Sep 2024 23:00

The Bank of New York Mellon (BNY), the largest custodian bank in America, received exemption from the SEC's SAB 121 accounting guidelines for institutional crypto custody businesses.

SAB 121 requires that entities who choose to custody crypto list the assets on their balance sheet and create a corresponding liability equal to the worth of the crypto.

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20 Sep 2024 16:31

Seven of the ten central banks overseeing the ten most traded currencies have recently cut interest rates, except for Norway, Australia, and Japan.

June
⚫ Switzerland: -25bps

August
⚫ United Kingdom: -25bps
⚫ Sweden: -20bps
⚫ New Zealand: -25bps

September
⚫ Canada: -25bps
⚫ Euro zone: -60bps
⚫ United States: -50bps

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20 Sep 2024 12:42

BlackRock is reportedly preparing for a potential U.S. dollar crisis, warning that the $35tr debt pile could drive institutional interest in Bitcoin as a hedge.

Following the Fed’s surprise 0.5% interest rate cut, Bitcoin surged past $62,000, with many seeing this as the start of a new bull run.

BlackRock has highlighted Bitcoin as a unique diversifier against economic risks, as institutional adoption grows.

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20 Sep 2024 10:15

The German government shut down 47 crypto exchanges, allegedly tied to illegal activity, arguing they failed to implement proper Know Your Customer (KYC) requirements.

The government seized some customer and transaction data amid the investigation.

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