Archive for month: January, 2024
Arthur Hayes Foresees 30% Bitcoin Crash Amid ‘Vicious Washout.’ Here’s Why
Depletion of the Fed’s reverse repo program and expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, Maelstrom CIO Arthur Hayes said.Source
U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is right about platforms like Coinbase and Binance trading unregistered securities.Source
VanEck to Donate 5% of BTC ETF Profits to Bitcoin Core Developers
The move is reminiscent of a similar pledge by VanEck to donate 10% of profits from its ether futures ETF to Ethereum developers in October last year.Source
Ethereum Validators Forced to Wait Days to Unstake Amid Celsius Withdraws
This means there is now a 5.6 day wait for validators to exit the Ethereum blockchain.Source
Mango Markets Faces Regulatory ‘Inquiry’ Ahead of Eisenberg Crypto Fraud Trial
The decentralized crypto exchange (DEX) is facing “inquiries” in the United States stemming from an October 2022 heist, according to posts in the project’s Discord server. Now the DEX’s governing body, called MangoDAO, is voting on whether to appoint a representative who can triage “U.S. regulatory matters” on its behalf.Source
ARK Invest Sells Another $4.2M of Coinbase Shares
COIN constitutes a 10.34% weighting of ARK’s Innovation ETF, a stake worth over $872.5 million.Source
North Korea Was Responsible for Over $600M in Crypto Thefts Last Year: TRM Labs
North Korea-affiliated actors were behind a third of all crypto hacks in 2023, making off with some $600 million in funds, a new TRM Labs study said.Source
If a Bitcoin ETF Is Approved, Here’s What May Happen
This week marked the 15th year since the genesis block was mined on Bitcoin and for 10 of those years industry stalwarts pleaded with the SEC to approve a spot bitcoin ETF. So far, the SEC has rejected every spot ETF application, but that may be about to change.Source
First Mover Americas: Crypto ETPs Gained $2.2 Billion of Investment in 2023
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source