.A Republican-led effort to free American banks to provide crypto custody services has been shut down by the Democrat-led White House. On Wednesday, the House of Representatives discussed and prepared to vote on House Resolution 109 (H.J. Res. 109), which would strike down prior accounting guidance from regulators to banks planning to offer the service...Read More
Binance CEO Richard Teng has advocated for the release of Tigran Gambaryan, head of the crypto exchange’s Financial Crime Compliance team, who has been detained by the Nigerian government for over 70 days. Gambaryan reportedly flew to the country in February for talks on collaborative policy meetings, only to be detained later. This move by...Read More
A proposal to list and trade shares of prominent asset manager Grayscale’s Ether futures exchange-traded fund (ETF) has been withdrawn, as per a new document filed on Tuesday. The filing by the US Securities and Exchange Commission (SEC) revealed that the application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc. in...Read More
The individual associated with a recent $71 million wallet phishing attack has finally begun transferring the funds to new addresses. The scammer’s wallet remained inactive for the last six days after converting the stolen 1,155 WBTC into around 23,000 ETH. Scammer Transfers Stolen Crypto The bad actor stole Wrapped Bitcoin (WBTC) on May 3 after...Read More
Layer 2 networks have witnessed massive activity this year, even as their native tokens slumped amidst intense volatility across the broader market. These solutions have witnessed relatively steady activity since the beginning of the year. However, the latest analysis by IntoTheBlock revealed that Base continues to be the primary attraction for new capital. Investors Flock...Read More
During the ongoing cycle, BTC and ETH have witnessed a growing divergence in their respective performances. According to Glassnode’s findings, this can be attributed to a general trend of weaker capital rotation, particularly in comparison to previous cycles and all-time high breakthroughs. Ethereum Receives Weak Capital Flows Leading up to bitcoin’s peak established on March...Read More
Entertainment-focused zkSync hyperchain Sophon has raised roughly $60 million in less than a week after commencing its node sale. According to an announcement sent to CryptoPotato, the $60 million raised will be added to a $10 million raised over a month ago in a funding round led by several top crypto firms, including OKX Ventures,...Read More
FTX filed an amended Plan of Reorganization and Disclosure Statement with the bankruptcy court on May 7 as part of its ongoing case. The firm has proposed a way to repay creditors between $14.5 billion and $16.3 billion, which it has recovered from selling assets and consolidating funds from various entities. It owes customers and...Read More
Susquehanna International Group, a quantitative trading firm, revealed its investments in Bitcoin exchange-traded funds (ETFs) during the first quarter of 2024. According to a 13F-HR filing submitted on May 7, the firm disclosed its ownership of more than $1 billion in exchange-traded funds (ETFs). Susquehanna’s Crypto Portfolio The filing, submitted to the Securities and Exchange...Read More
If you’ve always been curious about how to trade crypto options, you’ve come to the right place. This is a series on crypto options trading where we share some basics as well as several ready-made strategies that you can implement today. Whether you’re a new crypto trader, an existing perps trader, or even an advanced...Read More
[PRESS RELEASE – Kuala Lumpur, Malaysia, May 8th, 2024] Awepay.io, a digital payments technology provider known for its early pioneership of financial technologies for mainstream and alternative merchant segments for South East Asia has been welcome as the latest enterprise member for Bitfinex Pay, an emergent payment gateway that enables users to pay online for...Read More
Bitcoin prices have remained tightly rangebound since their return above the psychological $60,000 level on May 3. However, one prominent analyst sees the asset potentially recovering the $70,000 level this month, a price it has not seen since April 12. BTC to Climb Higher? On May 8, Adrian Zduńczyk, aka “crypto_birb,” told his 652,000 X...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, May 8th, 2024] Telos today announced it has accepted a strategic investment of $1 million USD from Presto Labs, a leading Asia-based venture capital firm and liquidity provider with an established track record in algorithmic trading. The capital raise signals the start of a long-term partnership between the...Read More
Digital asset investment products experienced outflows for the fourth consecutive week, amounting to $251 million. The past week marked the first “measurable outflows” from newly issued ETFs in the US, totaling $156 million last week. According to the latest edition of Digital Asset Fund Flows Weekly Report, the average purchase price of these ETFs since...Read More
