DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns

The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.Source

German Government Shuts Down 47 Exchanges, Says They’re Tied To ‘Illegal Activity’

The German Attorney General’s Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges allegedly tied to criminal activities including money laundering.Source

Bitcoin Faces Key Test at $64K as Altcoins Lead Crypto Rally; Options Traders Bet on $70K BTC Next Month

The broad-based CoinDesk 20 Index outperformed BTC and ETH, with all of its constituents advancing through the day and SOL, AVAX and APT gaining 10%-15%.Source

Ethereum Developers Confirm Plan to Split ‘Pectra’ Upgrade In Two

The decision to split up the upgrade wasn’t unexpected. Developers had been discussing previously that Pectra was becoming too ambitious to ship all at once, and expressed desires to split it in order to minimize the risk of finding bugs in the code.Source

Police Arrests Two People Related to $243M Crypto Heist Targeting Genesis Creditor

Two people have been arrested following an investigation into a $243 million heist of a creditor of defunct trading firm Genesis, according to blockchain sleuth ZachXBT.Source

Police Arrest Two People Related to $243M Crypto Heist Targeting Genesis Creditor

Two people have been arrested following an investigation into a $243 million heist of a creditor of defunct trading firm Genesis, according to blockchain sleuth ZachXBT.Source

CoinDesk 20 Performance Update: Index Surges 5.3% With All Assets in the Green

AVAX jumped 12.5% and APT rose 9.9%, leading the gainers.Source

Inside OKX’s Strategic Shifts to Its Regulatory Approach, Formula 1 Branding and App Design

OKX has rethought the strategy in three major areas; the look and tech aspects of its application, its approach toward regulation and expansion, and its brand strategy as the primary partner of McLaren Formula 1 Team, OKX CMO Haider Rafique told CoinDesk in an interview.Source

Maximizing Bitcoin per Share: A New Corporate Strategy

MicroStrategy, Cathedra Bitcoin and Metaplanet are leading the charge in maximizing bitcoin holdings.Source

First Mover Americas: Bitcoin Rises Above $62K After Fed Cuts Rate

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source