News Recap 2023 #Week40
• How long could Sam Bankman-Fried go to jail for? Crypto lawyers weigh in FTX founder Sam “SBF” Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of his $32-billion crypto exchange. After a jury selection process on Oct. 3, […]
News Recap 2023 #Week39
• Dex Trade Volumes Plunge 37% Since May; September Volumes Could Be Even Lower Dex trade volumes have fallen significantly over the past four months. Data indicate that March saw the year’s highest dex trade volume at $112 billion. In April, volumes declined by 47.26% to $59.06 billion. May experienced a 12.59% increase, with trade […]
News Recap 2023 #Week38
• FTX Gets Court Approval to Sell Billions in Bitcoin, Ethereum and Solana Collapsed digital asset exchange FTX was given the green light to sell billions in crypto assets by the judge overseeing its bankruptcy proceedings. Judge John Dorsey on Wednesday approved that the defunct crypto brand can now sell $3.4 billion in Solana, Ethereum, Bitcoin, and […]
News Recap 2023 #Week37
• Cathie Wood’s ARK Invest Files for First Spot Ether ETF Asset managers ARK Invest and 21Shares have applied for regulatory approval for an exchange-traded fund (ETF) that would directly hold ether (ETH), according to a Wednesday filing to the U.S. Securities and Exchange Commission (SEC). The Ark 21Shares Ethereum ETF is the first attempt […]
News Recap 2023 #Week36
• First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC The U.S. Court of Appeals for the D.C. Circuit has paved the way for bitcoin exchange-traded funds. On Tuesday, the court sided with Grayscale in a lawsuit against the Securities and Exchange Commission which had denied the company’s […]
News Recap 2023 #Week35
• Shopify Customers Can Now Pay In USDC Via Solana Pay Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday. With the integration, users will be able to connect Solana-centric crypto wallets, like Phantom, and settle […]
News Recap 2023 #Week34
• China’s property giant Evergrande files for bankruptcy protection in Manhattan court China’s heavily indebted property giant Evergrande Group on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court. In a filing with the Manhattan bankruptcy court, the company referenced restructuring proceedings in Hong Kong, the Cayman Islands and the British Virgin Islands. […]
News Recap 2023 #Week33
• Altcoin Season Is Coming, Technical Analysis Suggests A bullish inverse head-and-shoulders price pattern is building in the combined market capitalization of altcoins. A potential completion of the pattern would signal “alt season,” or outperformance of alternative cryptocurrencies relative to bitcoin and ether (ETH), according to technical analysis by Josh Olszewicz, a crypto trader and former researcher […]
News Recap 2023 #Week32
• Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor Crypto exchange Binance could face U.S. Department of Justice fraud charges, though prosecutors are weighing alternatives given the risk of an FTX-style bank run, Semafor reported, citing people familiar with the matter. The price of bitcoin (BTC) and Binance’s BNB token […]
News Recap 2023 #Week31
• Bitcoin price erases FOMC gains as US dollar surges on Q2 GDP print Bitcoin ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning after a brief push to $29,680 into the daily close. The largest cryptocurrency […]
