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
ethereum
* Fidelity's U.S. spot ethereum ETF added to DTCC's list under ticker FETH. * DTCC designates FETH as domestic fund, not yet active for processing. * DTCC includes proposed spot ether ETFs from VanEck, Franklin Templeton, BlackRock. * SEC approved 19b-4 forms for spot ether ETFs from eight firms.
ethereum
* Ethereum faces sales pitch challenges for upcoming spot crypto ETF. * Pitch Ethereum as future of finance or all-in-one decentralization platform. * Ether's upside compared to Bitcoin attracts investors, despite technical roadmap concerns. * SEC-approved spot Ether ETFs face competition and regulatory hurdles. * BlackRock's success with Ethereum tokenization boosts
The Big Analysis
Without them, interacting directly with the blockchain is impossible. Digital wallets are therefore crucial to the adoption of the sector. Their development has seen renewed interest in recent months following the bankruptcies of centralised platforms such as FTX or Celsius in 2022. "Many saw it as an opportunity to
business
* Sandeep Nailwal takes on additional role as chief business officer at Polygon Labs. * Will oversee strategy for Polygon's zero-knowledge solutions and AggLayer network. * Polygon Labs focuses on building transformative technology for scaling and liquidity. * Polygon processes transactions economically by redirecting to sidechains and Layer 2 zkEVM network. * Nailwal
business
* Elwood in talks to sell part of business, focusing on portfolio and risk management services. * Reorganization of Alan Howard's crypto investments leads to changes at Elwood. * Aptos' APT Token down 52% in April after booming March, according to VanEck. * Elwood re-evaluates roadmap, shifts focus to portfolio and
agora
* Stablecoin issuers should prioritize utility, liquidity, and transaction means over yield-bearing elements. * Yield-bearing stablecoins may be classified as securities, limiting customer reach and utility. * Examples include Dai, Ethena's USDe, and Mountain Protocol's USDM. * Strong ties with trading firms like Circle and Binance pose conflicts of interest.
blockchain
* Solana community votes to give validators 100% of priority fees, passing by 77% margin. * Previously, priority fees were split between validators and token-burning mechanism. * Solana token price reaches $171, facing congestion issues and network crashes. * Network experienced crashes in 2021, 2023, and faced congestion due to high traffic. * Developers promise
cryptocurrency
* A decade since Mt. Gox hack: $45B lost, industry still plagued by hacks. * 2023: $1.8B lost to hacks, lack of security in exchanges. * Users rely on exchanges for custody, but face security risks. * Regulatory bodies warn of dangers, urge separation of exchange from custody. * Self-custody risky, cold wallets not
banking
* Nomura and Laser Digital partner with GMO Internet Group for stablecoin issuance in Japan. * Plan to explore Japanese yen- and U.S. dollar-denominated stablecoins. * Offering "stablecoin-as-a-service" products for companies. * Nomura and Laser Digital focus on crypto trading, asset management, and venture investment. * GMO to contribute more on the