Stablecoins
Nearly 65% of USDC reserves are held in US Treasury bills
US T-bills held by Circle Reserve Fund continues to grow
Monika Ghosh 1 min read
North America Crypto News
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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.
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.
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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.
Legal
Silbert’s DCG is being investigated by DOJ, SEC over internal transactions
Barry Silbert's crypto empire the Digital Currency Group said it has "always conducted its businesses lawfully."
Bear Market
Bitcoin miner Hut 8 registers sequential drop in Bitcoin production
Hut 8 sold power back to the provider because of high energy prices, resulting in a fall in production.
Macro
Bitcoin peaks to $16,800 on higher-than-expected US payroll data
The leading cryptocurrency spiked to $16,795 in response to strong labor market data.
NFTs
Mutant Ape Planet NFT developer charged with fraud for selling ‘worthless asset’
Roughly $3 million of investors' funds were taken by Aurelien Michel through a smart contract backdoor function.
Exchanges
FTX engineering director Nishad Singh is being probed by U.S. authorities
Singh is the latest of Sam Bankman-Fried's associates to come under investigation.
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3AC Liquidators issue subpoena to 3AC co-founder Kyle Davis
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New York Attorney General files lawsuit against Celsius’ Alex Mashinsky for defrauding investors
Crime
US Court orders detention of Mango Markets exploiter over flight risk
Crime
