Regulation
Stablecoins
TrueUSD’s slip from $1 peg deepens amid broader sell-off as FDUSD thrives
Binance-listed FDUSD's supply has increased by more than $800 million since the beginning of the year.
Crypto
Bitcoin tumbles under $39,000 triggering $115M liquidation in 1 hour
The crypto market appears shaken as Bitcoin and Ethereum prices tumbled to new local lows.
Investments
Crypto investment products see first outflows of the year amid Bitcoin’s ‘very high trading volumes’
High-cost ETF issuers in the United States have reported substantial outflows from their funds since spot BTC ETFs were launched.
Crypto
Ethereum Foundation heaps pressure on market with $1.68 million in ETH sales
Ethereum's price fell by more than 4% during the past day due to the significant selling pressure.
NFTs
Trump NFTs trading volume spike following DeSantis endorsement of Trump’s re-election moves
The Florida Governor and the former president share similar opposition views on CBDCs.
Regulation
Senator Warren faces crypto community pushback over sanction evasion claims
Several crypto leaders assert that the lawmaker's statement were part of attempts to vilify the industry.
Crypto
Bitcoin to surge in 6 months as investors pivot from Grayscale to new ETFs, Galaxy Digital’s Novogratz says
Observers says only 10% of GBTC outflows are being redirected to the new ETFs.
Bankruptcy
Terra tokens fall following Terraform Labs Chapter 11 bankruptcy filing
The value of several Terra-related tokens nosedived following the bankruptcy filing.
Legal
Coinbase has 70% chance of winning against SEC: Bloomberg analyst
The analyst cited several reasons why the exchange could win, including SEC's broad definition of securities.
Regulation
South Korea presidential office hints at domestic spot Bitcoin ETF amid regional uncertainty
Other countries in Asia, including Singapore, Thailand, and Hong Kong are having a mixed reaction to the launch of spot ETFs.
ETF
Fidelity’s Bitcoin ETF joins the $1 billion club in alongside BlackRock
Outflow from Grayscale's GBTC has crossed the $2 billion mark within the first week of trading.
Stablecoins
Tether’s Bitcoin wallet swells to 66,400 BTC, tallying up unrealized gains of over $1B
An address potentially belonging to the stablecoin issuer sits on an unrealized profit of more than $1 billion.
