Bitcoin Faces Headwinds as ETF Optimism Stalls; DOGE, SOL Give Back Gains
Ether (ETH) lost 0.5%, while dogecoin (DOGE) and solana (SOL) slumped as much as 5% as traders likely took profits.Source
Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT
Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.Source
Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures
The country hopes to align local requirements with those proposed by international banking regulators.Source
Crypto Exchange Bittrex Global to Shut Down
All trading on the platform will be disabled on Dec. 4, several months after Bittrex’s U.S. arm filed for bankruptcy and stopped operations.Source
New Ethereum Layer 2 Blast Attracts $30M Hours After Bridge Goes Live
Blast boasts prominent investors Paradigm and eGirl Capital among others, but there’s no way to withdraw funds until February.Source
Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too.Source
Polymarket Traders Betting on Sam Altman’s Fate Have Become Bipolar
24 hours ago, prediction markets were almost certain that Altman wouldn’t be back as OpenAI’s CEO. Now the market’s answer to that question has changed twice.Source
FTX-Backed Anthropic’s CEO Declined OpenAI’s Merger Offer: The Information
FTX-backed artificial intelligence company Anthropic’s CEO and co-founder Dario Amodei declined an offer from OpenAI’s board of directors to merge, according to a news report.Source
Tokens In SEC’s CrossHairs Are Posting Double Digit Year-To-Date Returns
The Securities and Exchange Commission is doubling down on its allegations that certain crypto assets are securities. These allegations haven’t dampened investor enthusiasm for the tokens.Source
Bitcoin Fundamentals Have Never Looked Better: Bernstein
The world’s largest cryptocurrency is expected to benefit from a number of positive catalysts in 2024, the report said.Source