Regulation
Layer-2
Kraken’s ambiguous response fuels speculation of layer-2 network development
The exchange said it is seeking new opportunities in the industry.
Exchanges
Investment firm involved in Celsius acquisition reportedly eyeing FTX
Proof Group is part of the Fahrenheit consortium that acquired the collapsed crypto lender, Celsius Network.
Stablecoins
BUSD supply drops below $2B following regulatory controversies
Curve's BUSD V2 pool shows that crypto traders now prefer other stablecoins.
Stablecoins
Bank of England, Financial Conduct Authority seek public input on stablecoin regulation
The authorities' proposal is intended to ensure the safety of UK consumers and businesses participating in stablecoins transactions.
Investments
Crypto product inflows in 2023 surpass last year’s total by over $30 million
Crypto investment products have seen its sixth consecutive week of inflow of $261 million.
Trading
Chainlink’s LINK reaches a new yearly high amid string of market narratives
Chainlink's CCIP technology is enjoying heavy use from major traditional institutions.
AI
Unknown Grok token rallies 1300% after Musk introduces chatbot
Musk's new Grok Chatbot triggers the launch of hundreds of new AI-related tokens, with some rallying over 1,300%.
Investments
Hong Kong reportedly considers allowing retail investors to trade spot crypto ETFs
Hong Kong is positioning itself as a crypto-friendly jurisdiction by introducing several attractive initiatives for the industry.
Bankruptcy
Bankrupt FTX wants to liquidate $744 million in assets from Grayscale and Bitwise
The exchange explained that the sales were necessary to mitigate against price swings.
Bankruptcy
FTX bankruptcy advisors share customer data with FBI
The bankruptcy advisors have provided specific customer transactions, account investigations, and data from cloud computing to the authorities under subpoena.
Crime
US seizes $54M worth of Ethereum linked to illegal narcotics business
The 30,000 ETH were acquired from Ethereum's Initial Coin Offering (ICO) in 2014.
AI
Elon Musk’s xAI set to launch to select group tomorrow
The tech billionaire is also integrating AI-powered features into his social media platform X.
