Ontario Teachers’ Pension Plan Won’t ‘Rush’ Into Crypto After FTX Write-Off: FT
The $190 billion Canadian pension fund is “still working through what exactly happened there,” according to its CEO.Source
Heavy Demand for Madlads NFT Breaks Internet, Delays Mint
The Madlads NFT from Solana Duo Armani Ferrante and Tristan Yver will release on Friday after surging interest broke the NFT collection’s rails.Source
First Mover Asia: Bitcoin Struggles as U.S. Regulators Fumble: Analyst
ALSO: CoinDesk columnist Daniel Kuhn considers the European Parliament’s passage of crypto rules, which come as U.S. regulatory agencies seem to be backtracking in their efforts to find an effective regulatory approach.Source
Bitcoin Tumbles Below $28K on Coinbase
BTC’s price dipped to the lowest level since April 9. Ether also dropped, albeit less severely.Source
Crypto Stocks Post Large Losses as Bitcoin Price Slides Toward $28K
Bitcoin miners were hardest hit on Thursday.Source
NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows
According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in daily users and sales.Source
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield
The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.Source
U.S. SEC Warns Advisers They Need to Know Crypto Before Recommending to Clients
The U.S. Securities and Exchange Commission (SEC) is advising brokers and investment advisers that they need to use heightened scrutiny when it comes to making crypto recommendations to ensure the risky products are in the best interests of their clients, the agency said in a new bulletin.Source
Web3 Security Startup Shield Raises $2.1M in Pre-Seed Funding
The company, a member of a16z’s Crypto Startup School, aims to create a security standard across Web3 projects through its API, Discord Bot and certification program.Source
Bitcoin’s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say
The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average.Source