Market
Investments
Haru Invest execs grounded in South Korea amid fraud suspicions
South Korean prosuectors said the ban is a preemptive measure.
Exchanges
Crypto.com expands global reach with VASP registration in Spain
Crypto.com has secured a litany of regulatory licenses across various jurisdctions, including Singapore, Dubai etc.
Legal
FTX files complaint to retrieve $700M from “super-networker” Bankman-Fried courted for connections
FTX described SBF as a "profligate patron" of high-profile networker Michael Kives and his co-founder Bryan Baum.
Stablecoins
TrueUSD maintains it has no exposure to Prime Trust despite community claims
Adam Cochran questioned if TUSD minting and redemption is still available - the company states services remain open via other rails.
Deals
BitGo backs out of deal to acquire Prime Trust
Prime Trust's subsidiary, Banq, had filed for bankruptcy earlier in the month.
Investments
MicroStrategy becomes profitable on Bitcoin bet as BTC surges past $30k
MicroStrategy is sitting on over $30 million in unrealized profits from its Bitcoin investment.
Exchanges
Bitcoin trades at $500 discount on Binance.US amid liquidity crisis
Binance.US has experienced serious USD liquidity issues since its banking partners halted payment channels.
Mining
CleanSpark adds hashrate with $9.3M acquisition of Georgia mining campuses
CleanSpark said the mining facilities would house over 6,000 Antminer S19 XPs and S19J Pro+s machines.
Exchanges
Binance expands to Kazakhstan amid global regulatory hurdles
Binance stated that its Kazakhstani users can transfer fiat directly to their account on the platform.
Exchanges
Bitcoin price briefly pumps to $138,000 on Binance.US amid exchange’s liquidity crisis
Binance.US's legal woes have led to a liquidity crunch as traders and market makers flee the exchange.
Analysis
GBTC discount narrows to 33% amid buyout rumors, revived spot Bitcoin ETF interest
BlackRock's Bitcoin ETF applications has renewed optimism surrounding Grayscale's GBTC shares.
Mining
Bitcoin miner Iris Energy’s shares surge 20% on expansion announcement
Iris stated that its capacity will rise by 63% to 9.1 EH/s by early 2024 and revitalize its high-performance computing (HPC) data center.