The price spike came as spot bitcoin exchange-traded funds (ETFs) recorded over $3 billion in cumulative trading volumes on Tuesday, contributing to demand. Some traders also pointed to the bitcoin halving event, expected in April, as a new narrative that causes a pre-halving rally. Source
“I would argue traditional finance’s message for the future that trillions of dollars will be tokenized is completely disconnected from firms that are innovating with RWAs,” Quensel said in an interview. “TradFi’s understanding of a token as a database record doesn’t make any sense to DeFi. A token is not a database record; it’s code running on its own that’s executable, transferable, has its own logic, rights and possibilities.” Source
“I wanna collaborate with the industry, what I don’t understand is why the industry seems to be saying that they only way that they can survive is if there’s plenty of space for the drug traffickers and the human traffickers, oh and the terrorist, and the ransomware scammer, and the consumer scammers..,” said Warren. Source
Former FTX boss Sam Bankman-Fried (SBF), found guilty of fraud last year and due to be sentenced next month, has asked the court for a ‘just’ sentence of 63 to 78 months, according to a court filing submitted Tuesday. Source
There’s an extra wrinkle in that the eth.link name, originally registered with internet registrar and hosting company GoDaddy, was supposedly valid until July 2023, according to the ENS lawsuit. Allegedly, GoDaddy “unilaterally” determined the domain had expired after it was not renewed in July 2022, a year before its actual expiration, and unlawfully sold it to Dynadot that September. Source
It’s Time to Scrap AML/KYC Entirely Source
Despite being ostracized by the broader gaming community, financially-motivated players could unlock remarkable growth in both gaming and crypto, says Leah Callon-Butler. Source
MicroStrategy (MSTR) has a unique business model based on the acquisition and holding of bitcoin (BTC), which represents the majority of the software company’s valuation, investment banking firm Benchmark said in a Tuesday research report initiating coverage of the stock. Benchmark has a buy rating on the shares with a $990 price target. MicroStrategy added about 8% to $860.75 in early trading on Tuesday. “We believe the boost in demand for bitcoin resulting from the launch of multiple spot bitcoin ETFs, combined with the reduced pace of supply resulting from…
Risk Management in DeFi: Paternalism vs. the Invisible Hand Source
From a risk management perspective, the Morpho model is designed to be more efficient than Aave’s, and Gauntlet’s embrace of Morpho could be viewed as a swipe at its old partner. But Gauntlet’s rationale for switching allegiances may be clearest when viewed in strict business terms, since it offers the risk manager the potential to earn more money, with greater flexibility. Source