Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.Source
SEC Chair Gary Gensler on Crypto: ‘It’s Unlikely This Stuff Is Gonna Be a Currency’
Gensler also called out fraud in crypto: “With all respect, the leading lights of this field in 202[4] are either in jail or awaiting extradition right now.”Source
Prosecutors Charge Four Crypto ‘Market Makers,’ Employees With Market Manipulation, Fraud
Gobit and ZM Quant were secretly offering market manipulation services to projects that wanted to artificially inflate their trading volume, prosecutors allege.Source
The Protocol: Peter Todd Wants to Fix Satoshi’s Bitcoin Bugs
The HBO documentary turned the spotlight on an early Bitcoin contributor who recently has proposed an upgrade to fix all the bugs left in Bitcoin’s original code. PLUS: Criticisms mount after EigenLayer unlocks EIGEN token, as Babylon vaults to top of Bitcoin DeFi leaderboard.Source
LatAm Bank Littio Ditches Ethereum for Avalanche as Demand for RWA Vaults Grows
Avalanche’s low transaction fees and consistency were cited as reasons for picking that chain.Source
State Street Works on Tokenized Bond and Money Market Fund; No ‘Current Plans’ for Stablecoin Project
Tokenized collateral could have helped avoid or lessen the 2022 “liability-driven” crisis, Donna Milrod, chief product officer said in the interview with Financial News.Source
CoinDesk 20 Performance Update: APT Drops 2.4%, Leading Index Lower
Chainlink also underperformed, falling 2.1%.Source
India’s Crypto Discussion Paper on Hold Due to Other Priorities
India’s planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk.Source
Bitcoin Wavers at $62K Amid Major Swings in Stocks, Gold; Memecoins Falter as Profit-Taking Sets In
Traditional risk assets like stocks surged while gold and oil tumbled, but cryptos didn’t get the memo.Source