unfolded | Cryptocurrency

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U.S. ETFs saw their strongest net inflows since to date yesterday of 10,570 BTC.
U.S. BTC Spot ETFs now hold 650,000 BTC - similar to GBTC's exposure at its March 2021 peak — link

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TrueUSD wobbles towards $1 peg amid reported redemption issues — link | tl;dr

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EU provisionally agrees on stricter due diligence rules for crypto firms — link | tl;dr

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Judge grills the SEC with pointed questions as Coinbase hearing begins — link | tl;dr

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Sam Bankman-Fried's parents move to dismiss FTX clawback suit — link

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The Bitcoin spot ETFs have traded almost $10 billion total over 3 days — link

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While VC investment has typically correlated to Bitcoin price, that correlation broke down significantly in 2023, with Bitcoin rising 160% while crypto VC capital invested continuously making new lows — link

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EU banking watchdog extends anti-money laundering measures to cover crypto firms — link | tl;dr

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US SEC willing to delay Terraform Labs trial for Do Kwon's extradition — link

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Digital asset investment products saw $1.18bn inflows last week (subject to T+2 settlement), although this did not break the record set at the launch of the futures-based Bitcoin ETFs — link

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Day two of spot Bitcoin ETF trading tops $3.1 billion as Grayscale and BlackRock lead — link

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The average cost of production per Bitcoin, post halving, will be US$37,856: Coinshares report — link

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CoinShares exercises option to acquire Valkyrie Funds — link

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Tether now owns $2.8 billion worth of Bitcoin after recent $380 million buy — link | tl;dr

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Crypto exchange WOO X raises $9 million to improve liquidity — link | tl;dr

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BTC-USD spreads have become more volatile since ETF trading began on Thursday — link

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Winklevoss' crypto exchange Gemini gets nod to launch in France amid clash with U.S. regulators — link | tl;dr

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Trial for former Terraform Labs CEO Do Kwon pushed back to March — link | tl;dr

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ProShares files for five leveraged and inverse bitcoin ETFs — link | tl;dr

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Treasury and IRS announce that businesses do not have to report certain transactions involving digital assets until regulations are issued — irs

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Crypto miner Core Scientific to exit bankruptcy, plans to re-list on Nasdaq this month — link | archive

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Cantor Fitzgerald’s Lutnick says Tether’s reserves do exist — link

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Crypto firm HashKey raises $100 million, claims unicorn status — link | archive

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The US saw $1.24bn of inflows, while minor outflows were seen in Europe.

Trading volumes were $17.5bn last week, the highest on record, compared to an average of $2bn per week in 2022.

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SEC statement: currently, no evidence that the unauthorized party gained access to SEC systems, data, devices, or other social media accounts — sec

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https://twitter.com/BitMEXResearch/status/1745856528983171294

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Genesis reaches settlement with New York regulator, will forfeit BitLicense and pay $8 million fine — link | archive

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Coinbase partners with stablecoin exchange Yellow Card in African expansion — link | tl;dr

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