crypto
* SEC's Hester Peirce proposed US-UK digital securities sandbox for crypto firms. * Firms can test technologies like DLT under regulatory oversight for two years. * Peirce aims to allow innovation without immediate full compliance with regulations. * Proposed micro-innovation sandbox would have monetary ceilings and anti-fraud provisions. * Firms could seek no-action
crypto
* Novogratz identifies as a "radical centrist" in politics, supporting both Democrats and Republicans. * Crypto has become a bipartisan issue, influencing recent legislative and regulatory advancements. * Political landscape shifting towards positive regulation and consumer protections for crypto. * Increased campaign funding for crypto-focused Super PACs influencing elections. * Expectations of traditional
bankruptcy
* FTX bankruptcy costs exceed $700 million, with $500 million in fees approved. * Top earners include Sullivan and Cromwell with $254 million and Alvarez and Marsel with $133 million. * FTX CEO John Ray III charged $5.6 million with an hourly rate of $1,300. * Official Committee of Unsecured Creditors requests
banking
* Approval of bitcoin ETFs boosts retail interest and attracts new institutions. * Tokenization trend grows, digitizing asset issuance for efficiency and liquidity. * Crypto can transform financial system for more efficiency. * Goldman Sachs deepens involvement in crypto, exploring ETFs and tokenization. * McDermott sees potential for tokenization to broaden investor base and increase
blackrock
* BlackRock filed amended S-1 for proposed Ethereum fund, awaiting SEC approval for trading. * Seed capital investor purchased 400,000 shares at $25 each on May 21, 2024. * Shares to be listed and traded under ticker symbol "ETHA." * SEC in talks with issuers about S-1 forms, launch date speculated
bank
* DBS owns 173,753 ETH, valued at $647 million. * The address made over $200 million from ether holdings. * DBS is considered an ETH whale by Nansen. * DBS offers crypto services like custody and trading. * DBS highlights growing interest in crypto market. * Spot ether ETFs in the U.S. expected to
bullish
* Ether's put-call open interest ratio rose to 0.61, signaling a bullish outlook. * The ratio hit its highest level in at least a year, according to Glassnode data. * Wintermute noted a bullish sentiment following spot ETH ETF approvals. * Traders use options to hedge positions and generate additional income.
business
- Former FTX executive Ryan Salame sentenced to 90 months in prison for unlawful political contributions and money-transmitting. - Salame helped FTX grow illegally, made illegal political donations, and faces $11M in fines. - Salame cooperated minimally, didn't testify against Bankman-Fried, and will keep his Porsche. - Salame
bitcoin
* Spot ether ETFs to have lower demand than bitcoin due to first mover advantage. * JPMorgan predicts up to $3 billion inflows for ether ETFs this year. * Ethereum ETFs close to approval in the U.S., awaiting SEC clearance. * No similar demand catalyst for ether as seen with bitcoin reward halving.
bank
* DBS owns 173,753 ETH worth $647 million, making $200 million profit. * Nansen identifies DBS as an ETH whale, offering crypto services since 2020. * DBS denies owning the wallet, potentially holding assets for investors. * DBS's crypto division saw significant growth in trading volume and services. * DBS supports major
bybit
* Hidden Road, backed by Citadel Securities, stops client access to Bybit crypto platform. * Disagreements over KYC and AML requirements cited as reasons for the halt. * Bybit conducting compliance review of prime brokerage business in response. * Hidden Road sought to raise $120 million in a series B equity round. * Bybit and
bitcoin
* Bitcoin needs US inflation to slow down to reach all-time high. * Analyst predicts new high if inflation is 3.3% or lower. * Inflows into Bitcoin ETFs expected to remain strong. * Bitcoin price influenced by CPI results, not random movements. * Previous instances show Bitcoin price decline after high CPI results. * Bitcoin