Crypto.com’s filing “seeks declaratory and injunctive relief to prevent the Securities and Exchange Commission (‘SEC’) from unlawfully expanding its jurisdiction to cover secondary-market sales of certain network tokens sold on Crypto.com’s platform,” the suit said. Source
According to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether Funds Stay Flat On Monday, bitcoin ETFs saw inflows of $235.19 […] Original
Along with the success of T-bill tokens, new types of yield-bearing tokenized products emerged such as Ethena’s USDe “synthetic dollar,” which generates yield from market neutral trading positions also known as the “basis” trade. Midas launched its own version with mBASIS earlier this year, and has over $4 million of assets under management. Source
Blockchain oracle provider RedStone has announced the launch of oracles designed specifically for Bitcoin staking. RedStone, a modular oracle provider, is expanding the list of its available oracles across multiple networks by introducing oracles tailored for Bitcoin (BTC) staking, now available on the staking platform Lombard. The Switzerland-based company’s oracles are built to supply real-time data for Bitcoin staking, allowing users to stake their Bitcoin and receive Liquid Staking Tokens on the Ethereum blockchain. According to a press release shared with crypto.news, the solution is already live on Lombard, a…
Bitcoin price remained in a consolidation phase even as the amount held on exchanges continued to decline. Bitcoin (BTC) was seen trading at $62,540 on Oct. 8, slightly below this week’s high of $64,500. It remains in a correction after falling 15% from its highest point this year. Bitcoin still has some potential catalysts that could push its price higher in the coming months. Data from CoinGlass shows that Bitcoin reserves on exchanges have continued to fall, reaching a year-to-date low of 2.34 million. Bitcoin balances on exchanges | Source:…
Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC […] Source CryptoX Portal
Lawrence Jengar Oct 08, 2024 12:45 Circle has introduced native USDC on the Sui blockchain, enabling seamless access to USDC liquidity without bridging. This development supports Sui’s expanding ecosystem of over 85 applications. Circle, the prominent fintech firm, has announced the launch of native USD Coin (USDC) on the Sui blockchain, facilitating direct access for developers and users to USDC liquidity without the need for bridging. This move is part of Circle’s broader strategy to enhance stablecoin availability across multiple blockchain networks,…
The top 4 miners by market cap all beat their monthly production numbers Source
In fact, Ethereum’s native token ether, Japan’s TOPIX index, and the S&P GSCI Energy Index are the only non-fixed income growth-sensitive investments with return to volatility ratios lower than bitcoin, the chart from Goldman’s Oct. 7 note titled “Oil on the boil” shows. Original
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original