Bitwise Takes a Step Toward XRP ETF
Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.Source
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Tether’s USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino
Ardoino says there’s more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.Source
Diddy Hires Sam Bankman-Fried’s (New) Lawyer
Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges.Source
Robinhood Introduces Crypto Transfers in Europe as It Doubles Down on Expansion
Robinhood customers in the European Union can now transfer more than 20 cryptocurrencies, including include bitcoin, ether, solana and USD coin, in and out of the trading app.Source
Crypto Winter-Era Seed Startups Mostly Persist Despite Tumult and Crisis
But fundraising difficulties and product-market-fit issues may imperil their future, according to a report from Lattice VC.Source
Bitcoin Crumbles to $60K, Giving Up Most Post-Fed Rate Cut Gains
The S&P 500 and the Nasdaq also fell on a report that Iran was preparing an imminent missile attack on Israel.Source
How the Crypto Retail Market Has Changed
Retail investors may not be as plentiful in the current cycle, but they’ve become increasingly sophisticated, says CoinDesk analyst James Van Straten.Source
Bitcoin Bull Run in Question as Balances on OTC Desks Rise to 410K
Approximately 200,000 bitcoin have been transferred to OTC desks in the past five months.Source
CoinDesk 20 Performance Update: APT Gains 5%, With Most Index Constituents Rising
Uniswap was also a top performer, gaining 2.9%.Source
‘Is Daddy on the Airplane?’ Jailed Binance Exec Gambaryan Family’s Ordeal in New Podcast
“Is Daddy on the airplane?” my son asked. Yuki Gambaryan, the wife of Binance executive Tigran Gambaryan, who is jailed in Nigeria tells of her family’s ordeal in a new podcast, “Designated.”Source