In an effort to settle the debts incurred by the defunct cryptocurrency exchange, the FTX estate sold Solana (SOL) tokens valued at around $1.9 billion. According to Bloomberg, which cites sources familiar with the case, FTX’s estate sold off almost two-thirds of the SOL lot. There were as many as
April 6, 2024 1 min read
On April 5, prominent global asset manager BlackRock added five major Wall Street companies as additional permitted participants to its Bitcoin exchange-traded fund (ETF) prospectus. An amendment to BlackRock’s S-1 registration statement with the U.S SEC states that new members include ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman
April 6, 2024 1 min read
Bitcoin reserves held by crypto exchanges have hit record lows, according to data from CryptoQuant that goes all the way back to the beginning of 2021. Over the previous month, leading cryptocurrency exchanges have seen withdrawals totaling over 90,700 bitcoin, according to statistics compiled by CryptoQuant. Investors are removing their
April 5, 2024 2 mins read
Binance has phased out of supporting Bitcoin (BTC) non-fungible tokens (NFTs) shortly after adding them to its marketplace. Binance revealed its plans “to streamline product offerings” on the Binance NFT marketplace in a blog post that was published on April 4th. In keeping with these initiatives, the exchange’s marketplace will
April 5, 2024 1 min read
There are a number of potential spot Ethereum ETF applications that the U.S Securities and Exchange Commission (SEC) has opened for public comment. Its primary emphasis is on exchange-traded funds (ETFs), particularly the Grayscale Ethereum Trust, Bitwise Ethereum Fund, and Fidelity Ethereum Fund. Additionally, the SEC has made note of
April 4, 2024 2 mins read
Practicing Law Institute’s “SEC Speaks” event featured U.S SEC Commissioner Hester Peirce, who criticized the agency’s regulatory stance on the cryptocurrency sector, with an emphasis on Staff Accounting Bulletin 121 (SAB 121). Peirce, who is well-known for her dissenting opinions within the Commission, brought attention to the difficulties caused by
April 3, 2024 1 min read
On April 2, the U.S government sent 30,175 BTC—almost $2 billion in value—to a wallet connected to Coinbase. At the time of the transfer, the price of Bitcoin dropped significantly, reaching a weekly low of $64,500. But shortly after that, the price of the cryptocurrency sustained over $65,000. One of
April 3, 2024 1 min read
System and Organization Controls 2 (SOC) audits are the pinnacle of security compliance, and Tether has revealed that they have successfully completed one. The AICPA (American Institute of Certified Public Accountants) created the audit. According to a statement made by Tether CEO Paolo Ardoino on April 1, the audit highlighted
April 2, 2024 1 min read
Grayscale Solana Trust (GSOL) value has skyrocketed, showing that institutional investors are more optimistic about Solana (SOL). The Coin Bureau’s CEO and co-founder, Nic Puckrin, brought attention to this inclination in particular. He took note of the premium that GSOL shares trade for compared to SOL’s current pricing. Incredibly, GSOL
April 2, 2024 1 min read
In a post on X (previously Twitter) on Friday, Grayscale announced the establishment of a “dynamic income fund” that would invest in proof-of-stake tokens. The fund, which goes by the ticker symbol GDIF, is reserved for authorized investors who have a net worth of $2.2 million or more, according to
March 30, 2024 2 mins read
