Category Archive: Cryptocurrency, No picture
Grayscale appoints Goldman Sachs exec as new CEO
Grayscale Investments’ Michael Sonnenshein is stepping down as CEO after over a decade of working with the crypto asset management firm. Grayscale has appointed Peter Mintzberg, currently the global head of strategy for asset and wealth management at Goldman Sachs Asset Management.Prior to his role at Goldman Sachs, Mintzberg held global leadership roles in Strategy, […]
Genesis settles for $2 billion in New York AG crypto case
New York Attorney General Letitia James has reached a $2 billion settlement with crypto lender Genesis to repay their investors, as reported by CNBC. Genesis, a central figure within the Digital Currency Group (DCG), succumbed to the industry-wide impact following FTX’s collapse, leading to a Chapter 11 bankruptcy filing in January 2023. “This historic settlement […]
Bullish signal: nearly 28,000 BTC left centralized exchanges in 7 days
Bitcoin (BTC) showed a 6.6% recovery in the last seven days, and investors withdrew their BTC holdings from centralized exchanges as a result, according to data aggregator Coinglass. In the last seven days, 27,975.21 BTC left the 20 exchanges tracked by the data platform, roughly $1.9 billion at the time of writing.Coinbase Pro saw the […]
Ethereum funds face $23 million in outflows amid ETF uncertainty
Ethereum (ETH) crypto funds suffered over $23 million in weekly outflows, despite digital asset products witnessing $932 million in inflows for the same period, according to asset management firm CoinShares. The outflows are tied to a growing skepticism over the likelihood of the SEC approving a spot ETH exchange-traded fund (ETF) in the US.Bitcoin remained […]
Binance Research estimates token unlocks to reach $155 billion by 2030
The crypto market has recently witnessed a trend of tokens launching with high fully diluted valuations (FDVs) but low initial circulating supplies.This structure, often driven by venture capital (VC) funding and upbeat market sentiment, can lead to unsustainable price appreciation post-token generation event (TGE) and significant selling pressure once tokens unlock.According to a recently released […]
Genesis wins court nod to return $3 billion to creditors
Bankrupt crypto lending company Genesis Global Holdco received court permission to return approximately $3 billion in cash and crypto assets to its creditors as part of its bankruptcy liquidation process on Friday. US Bankruptcy Judge Sean Lane made the decision.In addition, Judge Sean Lane rejected Digital Currency Group’s (DCG), attempt to challenge the distribution plan […]
Fund managers predict SEC rejection of Ethereum ETFs next week
In contrast to the enthusiasm that preceded the approval of spot Bitcoin ETFs, reports over the past few weeks suggest that optimistic expectations for the Ethereum product’s approval have cooled down. Speaking with Bloomberg this week, Katherine Dowling, general counsel for ETF applicant Bitwise, said she anticipates rejection next week due to the lack of […]
Meme coin supercycle or liquidity crisis? Expert discuss RoaringKitty’s return
After a nearly two-year hiatus, the trader known as RoaringKitty returned to social media on May 13. Keith Gill, the real identity of RoaringKitty, is largely credited for spiking the GameStop stock (GME) surge in late 2020, and his return was enough to make GME price jump nearly 147% in 24 hours.Moreover, following his first […]
Base records 212% increase in perpetual trading volumes
Base is the blockchain with the most significant monthly and weekly perpetual trading volume growth among the 10 largest chains in total value locked (TVL), according to data aggregator DefiLlama. This weekly jump can be attributed to the recently launched perpetual decentralized exchange (perp DEX) JOJO, which has presented a nearly 75% growth in trading […]
Move-based blockchains growth relies on EVM compatibility: Movement Labs co-founder
Move-based blockchains are surging in total value locked (TVL) this year, with Sui leaping 233% and Aptos also showing significant growth of 210%, according to data aggregator DefiLlama. Rushi Manche, co-founder of Movement Labs, believes that compatibility with the Ethereum Virtual Machine (EVM) could bolster this growth even more. “I think the biggest issue for […]
