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
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
approval
* Ether's price nears $4,000, up 5% in 24 hours. * 27.5% weekly gain surpasses Bitcoin's 3.8% increase. * Analysts predict $4,500 target and Michael Saylor's ETH purchase. * DeFi TVL hits $117B, 60% on Ethereum network. * ETH breakout from falling wedge pattern signals
blockchain
* Sphere Labs introduces Telegram fiat on-ramp, off-ramp for bank-to-wallet transactions. * Service offers 0.1% fee per transaction for early users, launching May 27. * Users from non-sanctioned countries must link to USD or euro bank account. * Telegram hosts various crypto bots and apps, fostering blockchain ecosystem. * Telegram Open Network (TON) central