The Grayscale Bitcoin Trust’s (GBTC) $27 billion of bitcoin and $350 million of daily volume gives Grayscale an advantage versus BlackRock and other wannabe rivals, according to Bloomberg’s Eric Balchunas.Source
Decentralized Physical Infrastructure Networks (DePIN) are powerful uses of blockchain technology. But success depends on tokenomics built for the long-term, says the co-founder of Hivemapper.Source
North Korean hackers Lazarus Group have moved $1 million worth of their ill-gotten gains from a coin mixer to their holding wallet, sparking speculation over their next move.Source
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Blockchain analytics firm TRM Labs has found that crypto service providers in countries with full regulatory regimes had lower rates of illicit activity than those in less regulated jurisdictions in 2023.Source
Grayscale, which has some $27 billion in assets under management (AUM), said it was adding Jane Street, Virtu, Macquarie Capital and ABN AMRO Clearing as authorized participants (APs).Source
BlackRock said its fee will start at 0.20%, rising to 0.30%.Source
ARK Invest has a target of no individual stock surpassing 10% weighting of an ETF’s value. COIN doubled in price in the last three months of 2023, bringing about consistent sales of the crypto exchange’s stock by ARK.Source
Two influential analysts have tipped odds at over 90% ahead of the Securities and Exchange Commission decision.Source
The Solana ecosystem boomed in December as bonk tokens started a multiweek run of over 1,000%, grabbing listings on influential exchanges Binance and Coinbase.Source