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03 Oct 2024 10:45

Edward Snowden highlighted the need to design systems to resist state control, praised Bitcoin's resilience, and criticized Solana for centralization, making it prone to government takeover.

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03 Oct 2024 10:22

The U.S. CFTC approved guidelines allowing tokenized money market funds to be used as collateral in traditional finance transactions.

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03 Oct 2024 10:05

The SEC filed an appeal in the Ripple lawsuit, specifically the August 7 judgement wherein Ripple would pay $125m in civil penalty, lower than the $2bn requested by the SEC.

Ripple has a 14-day window to file a cross-appeal to challenge SEC's appeal, per Fox Business reporter Eleanor Terrett.

CEO Brad Garlinghouse also reiterated the final judgement, which was that XRP was not a security.

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02 Oct 2024 19:03

The U.S. is emphasizing leadership in crypto and mining, with Kamala Harris and Donald Trump pushing for dominance.

Meanwhile, Russia’s new mining laws have boosted its position, and it could overtake the U.S. in mining capacity within 2-3 years, says BitRiver CEO Igor Runets.

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02 Oct 2024 11:43

Bitcoin miners' revenue in September dropped to $816m, marking the lowest monthly figure in a year. Transaction fee revenue was $13.86m, the lowest since BRC-20's emergence in March 2023.

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02 Oct 2024 09:04

Binance completed its virtual asset service provider (VASP) registration in Argentina, marking its 20th registration with global regulators.

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01 Oct 2024 22:41

FTX's reorganization plan received strong support from creditors, with 94.5% of FTX Dotcom creditors, 89.1% of U.S. creditors, and 95.9% of Dotcom convenience claims voting in favor.

The plan offers 98% of creditors at least 118% of their claim value. The confirmation hearing is set for October 7.

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01 Oct 2024 11:25

Gemini will shut down its services to Canadian users by December 31. Users will be given 90 days to withdraw their assets without explanation.

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01 Oct 2024 10:59

Fed Chair Jerome Powell stated that while the Fed will continue to lower interest rates to support economic growth, there is no urgency to cut rates aggressively.

He emphasized that the economy is in solid shape, and the Fed aims to maintain stability without rushing into further rate reductions.

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01 Oct 2024 10:39

BlackRock’s Ethereum ETF (ETHA) has underperformed compared to its Bitcoin ETF, with $1bn AUM in seven weeks versus Bitcoin’s $24bn.

BlackRock attributes this to a more complex investment narrative for Ethereum but views the progress as positive.

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01 Oct 2024 06:31

Coinbase confirmed it would add verifiable proof of reserves for its newly launched Coinbase Wrapped BTC (cbBTC), addressing lack of transparency concerns.

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30 Sep 2024 12:13

Bithumb, South Korea's second-largest crypto exchange, is considering a Nasdaq listing in the U.S. next year, with Samsung Securities as the lead underwriter.

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30 Sep 2024 09:58

China's stock market rose by over 8.4%, marking its best day in 16 years, almost a week after Beijing launched a $114bn stimulus package to boost the stock market.

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29 Sep 2024 16:04

💌💌💌💌💌

✔ This week's crypto market highlights:

⚫Telegram boosts search safety with AI
⚫Binance denies 12.8m user data leak
⚫DOJ sues Visa for debit market monopoly
⚫SEC delays BlackRock ETH ETF options decision
⚫SEC: crypto miners are securities
⚫Ellison sentenced to 2 years for FTX fraud
⚫Gensler confirms Bitcoin not a security
⚫ CZ released from prison

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28 Sep 2024 20:17

Transaction fees on the TON blockchain have hit a record high due to increased on-chain activity as users scramble to claim their HMSTR rewards.

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03 Oct 2024 10:34

Gurbir Grewal, the SEC's Enforcement Division Director, is leaving the agency without highlighting future plans.

Under his tenure, over 2,400 enforcement actions led to $20bn in penalties, 340 industry bars, and over $1bn in whistleblower awards.

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03 Oct 2024 10:06

OpenAI secured $6.6bn at a $157bn valuation, up from $29bn in 2023. Key investors include Microsoft, Nvidia, SoftBank, and others.

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02 Oct 2024 19:28

A Consensys poll shows that nearly half of U.S. voters consider crypto important in the upcoming election.

⚫️85% of crypto owners want pro-crypto policies from presidential candidates
⚫️56% of voters support Trump’s pro-crypto approach, while 54% want Harris to clarify her stance
⚫️Swing states like Michigan and Pennsylvania could be influenced by candidates' crypto positions

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02 Oct 2024 15:41

Binance founder CZ reportedly made up to $25m per day while in prison, according to Forbes, while Bloomberg estimates he lost money, reflecting differing evaluations of his net worth.

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02 Oct 2024 11:20

Bitcoin's sharp 5% decline to $60k, causing over $500m in liquidations with $450m of it in long positions, can be attributed to several factors:

⚫ The crypto market, NASDAQ, Dow Jones, Russell 2000, and S&P 500 all closed negatively amid growing concerns over the Middle East conflict regarding Iran and Israel.
⚫ U.S. JOLTs job vacancies increased to 8.04m, higher than the expected 7.65m.
⚫ U.S. ISM manufacturing PMI was at 47.2%, its biggest drop since May 2023, lower than the expected 47.5%, contracting for its sixth straight month.
⚫ Fed Chair Jerome Powell said there was no urgency to cut rates aggressively.

Meanwhile, gold and silver rose by roughly 1% each.

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02 Oct 2024 08:58

Bitwise filed to launch the first spot XRP ETF by registering a trust entity called the CSC Delaware Trust Company in Delaware.

The trust is part of early-stage preparation, with official SEC registration possibly happening months ahead.

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01 Oct 2024 11:45

Thailand's second largest bank, Kasikornbank (KBank), plans to launch the country's first licensed digital asset custodian, orbix CUSTODIAN.

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01 Oct 2024 11:17

Shigeru Ishiba, Japan's new Prime Minister, faced immediate market friction as the Nikkei stock market plunged 5% on Sept 30 before officially taking the position on Oct 1.

Ishiba's policy supports NFTs and blockchain to boost the value of regional analog experiences like food and tourism and plans to continue the momentum in crypto set by pro-web3 predecessor Fumio Kishida, which included actions like:

⚫ Ending corporate unrealized crypto gains taxation.
⚫ Reviewing crypto regulations, potentially reclassifying crypto from a payment option to an investment tool.
⚫ Establishing a web3 policy office under METI.

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01 Oct 2024 10:51

Robinhood introduced crypto transfer services for European users. Previously, European users were limited to buying and selling crypto but could not transfer it.

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01 Oct 2024 10:27

Ripple just received in-principal approval from the Dubai Financial Services Authority (DFSA), allowing it to introduce cross-border payment services in the UAE.

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30 Sep 2024 12:31

ZA Bank, Hong Kong's largest virtual bank, received SFC approval to add virtual asset trading to its Type 1 license and will begin preparing for sandbox testing.

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30 Sep 2024 10:41

Taiwan's Financial Supervisory Commission now allows professional investors, such as institutions and high-net-worth clients, to invest in foreign virtual asset ETFs.

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30 Sep 2024 03:35

The FTX token (FTT) surged over 60% amid bankruptcy distributions, reaching $2.71 at one point.

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29 Sep 2024 13:10

FTX creditors may recover just 10%-25% of their crypto based on filing date prices when Bitcoin was $16k, causing public dissatisfaction.

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27 Sep 2024 15:40

Bitcoin has experienced its historically best September ever, with a +9.34% performance so far.

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