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DCG Reaches in Principle Deal With Genesis Creditors, Estimates Recoveries of 70%-90%
The plan could result in the recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis.
Live Wire
Live Wire
Live Wire
Today
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All of Sam Bankman-Fried's Proposed Expert Witnesses Should be Barred From Testifying: DOJ
The defense team moved to bar one of the prosecution's proposed witnesses as well.
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Binance to Offer 'T+3' Daily BNB/USDT Options
The new T+3 BNB/USDT options will have a trading lifetime of three days.
August 28th
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SUI and HBAR Slump Ahead of Latest Crypto Token Unlocks
Both protocols have seen their tokens drop more than ether in daily trading as the next unlocks inch closer.
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SEC Issues First Enforcement Action Targeting NFTs
The agency ruled Impact Theory’s NFTs were sold as unregistered securities.
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Sam Bankman-Fried Appeals Decision Jailing Him Ahead of Trial: Reuters
A judge had previously revoked bail for Bankman-Fried after he tried to tamper with witnesses. His lawyers argue that it is his constitutional right to have a fair chance to prepare for trial.
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A Crypto President? Top U.S. 2024 Contenders Aren’t Fans, and Rivals Are Way Behind
A look at the crypto positions of the major presidential candidates shows some of them are huge digital assets supporters but have significant distance to make up in early polling.
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Protocol Village: Shibarium Bridge Opens for Token Withdrawals
The latest in blockchain tech upgrades and announcements.
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Binance’s Belgian Customers to Use Polish Entity in Bid to Escape Regulators’ Ban
National financial authority FSMA told the company in June to cease serving Belgian customers from outside the European bloc
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The Bitcoin Circular Economy Battles Entrenched Mindsets in El Salvador
In his third weekly dispatch from El Salvador, Jonathan Martin meets two Bitcoin entrepreneurs working to improve financial inclusion.
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Solana-Based Automation Startup Clockwork to Shut Down
The venture-backed startup’s founders saw “limited commercial upside.”
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Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market
Price-charts suggest more declines ahead even as large investors are adding on their bitcoin holdings, one trader said.
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Ethereum's Daily Transaction Fees Drops to 8-Month Low of $2.8M
Ethereum's daily total fees fell to 1,719 ETH ($2.8 million) on Sunday, the lowest single-day total since Dec. 26.
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Indian Billionaire Mukesh Ambani's Firm Will Explore Blockchain Platforms and CBDCs
India has already made significant progress towards a wholesale and retail CBDC even though a full-scale launch is awaited.
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Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC
Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period.
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Shiba Inu’s Highly Anticipated Shibarium Bridge Is Now 'Fully Functional'
Withdrawals can take anywhere from 45 minutes to a week, depending on the token, developers said in a Monday update.
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Bitcoin Traders Remain Fearful of 'Tail Risk' Amid Renewed Price Lull: Observers
Tail risk refers to the risk of an asst moving three standard deviations from its current price on the back of a rare event.
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Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE
Unprecedented transactions out of a multisig wallet spooked Pepecoin watchers last week.
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Sam Bankman-Fried's Defense Renews Push for 'Temporary Release' Ahead of October Trial
The FTX founder's bond was revoked earlier this month, after a judge found he had violated his bail conditions on at least two occasions.
August 25th
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Visa and Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts
The decision comes only weeks after Binance has been grappling with multiple legal challenges in the U.S.
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When Did Privacy Become a Bad Word?
In the aftermath of the Tornado Cash arrests, the DeFi Education Fund's Amanda Tuminelli and Miller Whitehouse-Levine write about the clash between liberty and security hightened by technology.
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RETRACTION: Opinion Article on Justin Sun
An pseudonymously written opinion piece containing a personal attack against Tron CEO Justin Sun never should have been published.
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Jackson Hole: Where Fed Policy Is Decided on the Fly
Does the relative stability of Bitcoin inspire any more confidence?
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Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks
Speaking at Jackson Hole, the Fed chair doubled down on keeping financial conditions tight, including hiking interest rates further if needed.
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Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service
Russian users of Binance were able to move money abroad through the service, which could present legal challenges for the exchange.
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Sweeping U.S. Tax Proposal Met With Boos From Crypto World
Minutes after the U.S.’s long-awaited proposal for taxing crypto gains went public, objections erupted from those tied to decentralized operations counted as “brokers.”
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Fed's Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate
Market participants were looking to Friday morning's speech to gauge the future direction of the U.S. central bank's monetary policy.
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Celsius Token Holders Lose Bid to Hike CEL Valuation
Some creditors of the bankrupt crypto lender argue it should be valued at a higher $0.80, the nominal price when the company collapsed, despite allegations of market manipulation
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Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk
MakerDAO has lent $1.84 million of DAI stablecoin to the tokenized credit pool under distress.
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U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.
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Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.
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First Mover Americas: Bitcoin Clings to $26K as Investors Await Powell’s Speech
The latest price moves in crypto markets in context for August 25, 2023.
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Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, a court filing said
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JPMorgan Sees Limited Downside for Crypto Markets in the Near Term
News that Elon Musk’s SpaceX had written off some of its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.
Binance Is Contacting Low-Cap Crypto Projects in Bid to Boost Trading
The crypto exchange is conducting a "risk management initiative" targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs.
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FTX, BlockFi, Genesis Customer Data Compromised in Kroll Hack
A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies.
August 24th
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Weird PEPE Transfers Spook Crypto Investors and Prompt Meme Coin's 15% Plunge
On-chain sleuths noted troubling changes to the oversight of a key wallet.
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Tokenization News Roundup: Resource Extraction, Social Media Monetization and Real World Connections
A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.
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Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market
Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies.
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Tornado Cash Devs Are Caught in a U.S. Dragnet
The Treasury and Defense Departments are working to stop North Korean hackers — with little to show for it.