Article Market
Bitcoin retraces nearly half its losses from October crash amid Fed rate-cut expectations
Bitcoin price holds steady above $113,000 as maxis hope for new all-time highs after weaker than expected inflation data.
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Article Stablecoins
Nearly 65% of USDC reserves are held in US Treasury bills
US T-bills held by Circle Reserve Fund continues to grow
Article Staking
Validators will be able to withdraw staked ETH from March
Ethereum developers decided to drop the pre-planned EOF implementation from the Shanghai upgrade to prevent any delay in ETH unstaking.
Article Bear Market
Crypto payments firm Wyre cuts withdrawal limits to 90% of funds
Wyre announced that Yanni Giannaros has stepped down as CEO and the firm is exploring strategic options to survive the bear market.
Article Exchanges
FTX attempting to recover millions donated to charities
Some charities have voluntarily agreed to return the funds, some have already spent the money, while others are awaiting legal clarity.
Article Exchanges
US prosecutors subpoenaed hedge funds for records of Binance dealings
The subpoenas were issued as part of an on-going investigation into potential violations of US anti-money laundering laws by Binance.
Article Exchanges
India’s crypto tax could cause CEXs to lose $1.2T trading volume by 2026
In the 9 months following India's 30% crypto tax levy, exchanges cumulatively lost $3.85 billion in trading volume to foreign counterparts.
Article Regulation
Coinbase had “inadequate” AML measures; settles for $100M with NYDFS
Coinbase will pay $50 million as penalty and spend $50 million over 2 years to fix the deficiencies in its compliance systems.
Article Regulation
US Federal Reserve, FDIC warn banks against crypto risks
Federal agencies are taking a "careful and cautious" approach to prevent any spillage of crypto-related risks into the banking sector.
Article Tokenization
ATOM and SOL beat BTC returns over the past 2 weeks
Cosmos outperformed BTC by around 15% while Solana, which tanked by 55% in November, managed to beat BTC returns by around 8%.
Article Bankruptcy
SBF asks judge to keep the identifies of his bail sureties confidential
Along with SBF and his parents, the $250 million bail bond requires two guarantors of "considerable means," one of whom cannot be a relative.
Article Mining
Stronghold Digital to restructure $18M debt with convertible preferred shares
The proposed restructuring transaction will reduce Bitcoin mining firm Stronghold Digital's debt to less than $55 million.
Article Featured
South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud
Lee Jung-Hoon, who was accused of swindling $70 million from BK Group chairman Kim Byung-gun, was acquitted of all charges.
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