bankruptcy
* FTX debtors seek authorization for second phase of investigation into US exchange collapse. * Focus on Sullivan & Cromwell's representation, claims against former shareholders, and balance sheet discrepancies. * Investigation expected to take 10 weeks and cost $3 million. * Previous report alleged FTX misconduct, including using customer funds to cover
bitcoin
* Analysts predict increased market volatility due to upcoming macroeconomic events. * Crypto market downturn after strong U.S. jobs data impacts meme stocks and alternative tokens. * Bitcoin and ether stable over the weekend with low trading volumes post-leverage flush. * Market volatility expected to return with CPI release, FOMC meeting, and Yellen&
assets
* South Korea's FSC issues guidelines on NFTs as virtual assets * NFTs mass-produced, divisible, and usable for payments considered virtual assets * NFTs with little value treated differently, classified as general NFTs * NFT collections with high quantities could be used for payments * NFTs may be treated as securities if they
bitcoin
* Bitcoin led with $1.97B inflows, Ether saw $70M inflows. * Crypto products had $2B inflows, extending 5-week run to $4.3B. * ETH products expected to see continued inflows, potential rally. * SEC approved key filings for ETH ETFs, milestone for crypto. * Traders expect ETH to reach $10,000 in 2024. * ETH
base
* Base surpasses Optimism in TVL, becoming largest Layer 2 network in Superchain. * Base's TVL hits $8.05B, surpassing OP Mainnet, with $2.14B bridged value. * Base is second-largest Ethereum scaler, trailing Arbitrum One's $18.27B TVL. * Base leads in transactions per second at 30.36, processing
banking
* Keyrock appoints TradFi veterans as CCO and COO. * Valdes-Rodriguez from Abra, Adiliberti from Amber Group. * Focus on bridging gap between crypto and TradFi. * B2C2 hires ex-Goldman Sachs pro for EMEA sales. * State Street seeks digital assets-focused execs. * State Street job postings indicate focus on blockchain tech. Summary : Belgium-based digital asset
binance
* Binance celebrates 200 million global users, aiming for 1 billion. * Self-reported figures show rapid user growth, from 130M in 2022 to 200M in 2024. * Binance on track to reach 300 million users by 2026. * Accounts for 36% of global cryptocurrency user base. * Reached $100 billion in user assets under custody.
ethereum
* Ethereum daily active users grew from 250,000 in Q1 2020 to 2.25 million in Q1 2024. * Layer-2 networks like Optimism and Base contribute to Ethereum's scaling. * VanEck predicts Ethereum to reach $22,000 by 2030 due to high revenue per user. * Taiko network spends $900,000
acquisition
* Robinhood to acquire Bitstamp for $200 million in cash. * Deal expected to close in first half of 2025. - * Bitstamp brings institutional and retail customers to Robinhood. * Acquisition aims to expand Robinhood's global reach in crypto. * Robinhood faces SEC scrutiny but sees crypto as growth driver. * Kraken considers
bitcoin
* MicroStrategy faces $6.9B in short positions, but short-seller confidence is decreasing. * Short-interest ratio for MTSR stock has dropped by 50% in 6 months. * MTSR stock price tripled since December 2023, now at $1,656. * Kerrisdale Capital pressures MicroStrategy shares due to Bitcoin ETFs launch. * MSTR outperformed Bitcoin by 469%
bitcoin
* Semler Scientific acquires 247 BTC for $17M, plans to raise $150M for more. * Following MicroStrategy, Semler sees Bitcoin as inflation hedge and safe haven. * Company aims to enhance shareholder value by adding Bitcoin to balance sheet. * Bitcoin's game theory in action as more public firms adopt MicroStrategy'
base
* Base, a Layer 2 Ethereum network, ranks third in TVL with $1.7B locked. * Base surpassed OP Mainnet to become the largest chain on Superchain. * Aerodrome and Uniswap contribute to Base's TVL surge. * Optimistic rollups like Base reduce Ethereum main chain load. * Optimistic rollups assume transactions are valid