Signed off on by accounting firm BDO Italy, the attestation disclosed $86.4 billion of assets in reserves as of September 30 against $83.2 billion in liabilities. Those $86.4 billion in assets included about $72.6 billion exposure to U.S. Treasuries such as direct T-bill investments, repurchase agreements and deposits in money market funds. Source
On Oct. 31, the Ethereum co-founder released an article highlighting the dimensions of connectedness to the blockchain network as being the security of withdrawing to Ethereum and security of reading Ethereum. Buterin also notes a trend in Layer 2 projects becoming more heterogeneous and how this raises the question of the complicated tradeoffs applications are having to make. For some, connectedness is important Buterin shares that for some projects, high security and tight connectedness are important. While for others, something looser is acceptable in exchange for greater scalability. The report goes…
David Lawant, the head of research for FalconX, an institutional crypto trading platform tailored for financial institutions, recently provided an insightful forecast regarding the future of Bitcoin (BTC) prices in light of the anticipated launch of a spot Bitcoin ETF in the United States. Sharing his predictions via X (previously known as Twitter), he articulated the financial variables that might play a decisive role. Lawant remarked, “The next significant variable to watch in the spot BTC ETF launch saga will be how much AUM these instruments will gather once they…
The members of a community of any type want to feel like they’re involved, connected and part of something that’s genuinely unique and valuable. That’s certainly true of the communities that support nonfungible token projects. And it’s not just about a “warm and fuzzy” feeling. A healthy, engaged community can not only provide valuable feedback and long-term investors for NFT project leaders, but its members can also generate buzz, leading to increased demand and, optimally, driving up the value of their investments. Through their own initiatives, they can even grow…
Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths. Original
Popular cryptocurrency YouTuber CryptosRUs predicted in a recent video that Bitcoin (BTC) is on the verge of another major rally. In the Oct. 31 video, CryptosRUs pointed to increasing institutional interest and adoption as reasons why Bitcoin may be poised for significant gains. He highlighted the numerous spot Bitcoin ETF filings by major financial firms like BlackRock and Valkyrie as evidence that big investors are preparing to enter the market. The YouTuber also noted the record amount of money the U.S. Treasury plans to borrow in Q4 2023 — $776…
Bitcoin (BTC), worth over $7.2 billion, is still controlled by the United States government — but its losses are mounting. Data from on-chain analytics firm Glassnode shows that Washington’s seized Bitcoin total 210,429 BTC as of Oct. 31. 195,000 BTC sold, $6.3 billion down The U.S. Department of Justice (DOJ) and Internal Revenue Service (IRS) are well known — perhaps accidentally — as being one of the world’s largest Bitcoin whales. Through various legal proceedings, lawmakers have confiscated vast amounts of BTC over the years, and only a small percentage…
PEPE has observed an impressive 60% rally recently. Here’s what on-chain data says regarding whether this rise can continue. PEPE Has Seen Some On-Chain Metrics Light Up Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed how PEPE is looking in terms of its on-chain indicators currently. The first metric of interest here is the profit/loss breakdown of the memecoin’s user base. The distribution of the PEPE holders based on whether they are in loss or profit | Source: IntoTheBlock on X As displayed above,…
At the group’s website, people can easily reach out to policymakers and learn about politicians’ crypto views. So far, 80,000 have given money to keep Stand With Crypto rolling, clearing the $2 million mark, said Nick Carr, the organization’s chief strategist. Half of that funding is from single donor Brian Armstrong, Coinbase’s CEO. Source
Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, claims that spending clients’ fiat deposits was just part of “risk management” for his intertwined crypto hedge fund Alameda Research. During the former crypto executive’s court testimony on October 31, prosecutor Danielle Sassoon of the Southern District of New York asked SBF if he believed that it was permissible to spend $8 billion of FTX customers’ fiat money. “I thought it was folded into risk management,” he said. “As CEO of Alameda, I was concerned with their portfolio. At FTX, I…