Altcoin Rally Cools as Massive $650M Worth of Token Unlocks Loom Over Crypto Market
Several major alternative cryptocurrencies including DYDX, Optimism (OP) and SUI dropped sharply as massive token unlocks weighed on prices.Source
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Entries by GRYZUoDLu7t8z22
Breaking Down the Bankless Backlash
David Hoffman, cofounder, responds to criticism surrounding the media brand’s DAO. Should he have been more hands-on?Source
Coinbase Is Dominating a Key Bitcoin ETF Service. Can Anyone Else Join the Race?
The race to provide a key bit of infrastructure for bitcoin [BTC] ETFs – custody services – hasn’t actually been much of a race so far. Crypto exchange Coinbase has dominated so far, winning the job from the majority of applications from the likes of BlackRock, WisdomTree and Valkyrie.Source
Binance Founder CZ Stuck in U.S. for the Moment
A district judge ordered Changpeng “CZ” Zhao to stay in the U.S. until he could make a proper ruling on a U.S. Department of Justice motion to block him from returning to his home in the UAE.Source
ARK Invest Sold $5M Worth of Grayscale Bitcoin Trust Shares Last Week
The sales took place as the discount for Grayscale’s bitcoin investment vehicle narrowed to its lowest in over two years, a sign of escalating optimism that a spot bitcoin ETF will finally be approved in the U.S.Source
Ripple Excites XRP Army as Metaco Acquisition Brings Banks Closer
Earlier this month, Ripple-owned infrastructure provider Metaco said it was working with banking powerhouse HSBC.Source
Cosmos Founder Calls for Chain Split; ATOM Down 3%
Cosmos’ founder Jae Kwon urged his followers to split the chain into two following a decision by the community to approve a reduction in ATOM’s inflation to 10% from 14%.Source
Binance’s Changpeng ‘CZ’ Zhao Is a Manageable Flight Risk: U.S. DOJ
U.S. argues that Binance’s former CEO should remain free until sentencing – but only in the U.S.Source
Binance Founder Changpeng ‘CZ’ Zhao Isn’t a Flight Risk, His Attorneys Say
Binance founder and former CEO Changpeng Zhao should be allowed to return to the UAE, where he is a citizen and lives, ahead of his February sentencing, his lawyers said, pushing back against a U.S. Department of Justice filing asking he not be allowed to leave the country.Source
Tether, Bitfinex to Drop Opposition to New York Freedom of Information Law Request
The firms said opposition doesn’t mean a “wholesale release” of all documents.Source