Category: Latest news

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[ad_1] Quick Take The discount for GBTC is currently a whopping 40%, following a fall as low as 50%, which was the most significant discount on record. GBTC trades at a premium when shares are changing hands at a higher price than the underlying BTC. Conversely, if GBTC shares are trading below the net asset…

Alameda had $65B artificial credit line, 43,000% more than FTX market makers

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[ad_1] A recent court filing in the FTX bankruptcy case has revealed a “$65 billion backdoor” between Alameda and FTX. The filing includes a deck detailing the current findings relative to FTX group funds. The deck includes an illustration of the FTX liquidation process alongside a code sample that allegedly represents the Alameda backdoor. While…

Solana soars 43% against Bitcoin so far in 2023

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[ad_1] The L1 Native Token Returns vs. BTC highlights the relative price performance of large L1 native tokens versus bitcoin since Jan. 4. Quick Take Solana: +42.4% against BTC BNB: -3.0% against BTC DOT: +4.8% against BTC ETH: +2.2% against BTC Matic: +2.8% against BTC Native Token Returns vs. BTC: (Source: Glassnode) Definition: Market Capitalization…

Hashkey Capital commits $500M to advance crypto, blockchain initiatives

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[ad_1] HashKey Capital announced its third fund, HashKey FinTech Investment Fund III, with a total commitment of $500 million, according to a Jan. 17 press release. According to the announcement, Fund III will deploy capital to advance crypto and blockchain initiatives globally, focusing on emerging markets. As reported, a number of institutions, including sovereign wealth…

1 redeemable for US dollars

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[ad_1] In a recent report on the state of the USDC economy, Circle devoted a section on the stablecoin “always” being 1:1 redeemable for U.S. dollars. Overall, 2022 was a challenging year for USDC, with allegations of insolvency and accusations of censorship being fired at the stablecoin. However, in recapping its approach to the ecosystem…

Silvergate Capital posts $1B loss in Q4’22

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[ad_1] Silvergate Bank Company in North America Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry, based in La Jolla, California. More about Silvergate Info Twitter LinkedIn [ad_2] Source link

Thailand’s SEC mandates exchanges to establish digital wallet management system

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[ad_1] The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers’ assets. The SEC on Jan. 17 released three sets of requirements aimed at providing regulatory guidelines for digital asset providers/exchanges to establish an efficient digital wallet management system.…

Ethereum mainnet hits record-breaking 32B weekly gas expenditure

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[ad_1] Ethereum (ETH) Layer 2 (L2) networks spent a record-breaking 32 billion gas — a year-on-year increase of 22.8% — to validate transactions and activate bridges between Jan. 9 and Jan. 15, according to Dune Analytics data. Source: Dune Analytics Optimism (OP) contributed around 50% of the gas spent — with a seven-day moving average…

Binance burns $600M BNB in 22nd burn event

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[ad_1] Binance burned 2.06 million of its BNB token — worth over $600 million — during the early hours of Jan. 17, according to a company statement. Binace said that the event was its 22nd BNB burn and the first quarterly burn of 2023. The firm added that 2.05 million tokens were burnt through its…

Bitcoin: All-time low, 29% in crypto-margin futures open interest, suggests risk-off environment

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