Regulation
Trading
Bitcoin’s brief rally to $49k and subsequent decline to $46k liquidates $100M in 4 hours
The newly launched Bitcoin ETFs are enjoying record trading activities within their early hours of trading.
Stablecoins
USDC issuer Circle eyes public market debut with SEC filing for IPO
The stablecoin issuer's previous attempt to go public had failed in 2022.
Tokenization
Near Foundation cuts staff by 40% despite booming NEAR ecosystem
DeFi activities on NEAR's ecosystem is showing signs of returning to previous highs despite the internal changes.
Exchanges
Gemini says ETF approval is ‘game-changer’ for crypto futures market
The crypto futures market is enjoying heavy trading activities from enthusiasts speculating on prices of digital assets.
Trading
Ethereum rallies to 20-month high as Bitcoin ETF approval spurs altcoin gains
Bitcoin posted a modest gain of only 1.35% during the reporting period.
Bankruptcy
Bankrupt FTX seeks to sell luxury Bahamian properties amid bankruptcy proceedings
Court filing showed that some of these properties were purchased from international sporting giants.
Regulation
UK crypto investors warned of tax return penalties ahead of January deadline
Failure to submit the assessment promptly can incur a fixed penalty of £100, irrespective of tax liabilities.
Regulation
BitGo secures preliminary approval in Singapore to become major payment institution
Singapore has proven attractive to several crypto-related firms looking to expand their operations into new coast.
Exchanges
Binance confirms Apple India App Store exchange removal amid regulatory concerns
Binance and other impacted exchanges had failed to comply with the adequate regulatory framework in India.
Regulation
SEC faces congressional scrutiny after social media account hack exposes weak security
Social media platform X said the SEC account was compromised because it lacked vital security measures.
Crypto
Bitcoin sheds $50 billion in market capitalization after fake SEC ETF approval rattles market
Traders speculating on digital asset prices lost nearly $220 million during the past day.
Technology
Elon Musk’s X platform to introduce peer-to-peer payments
The social media platform further revealed intentions to use AI to improve its users' experience.
