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The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
- 22:22The US SEC concluded its investigation into Roblox in MayAccording to a report by Jinse Finance, documents from the U.S. Securities and Exchange Commission (SEC) show that the investigation into Roblox Corporation concluded in May.
- 22:02Spot Bitcoin and Ethereum ETFs Set Weekly Trading Volume RecordAccording to a report by Jinse Finance, Bloomberg analyst Eric Balchunas stated that the combined trading volume of spot Bitcoin and Ethereum ETFs reached approximately $40 billion this week, setting a new all-time high. Among them, Ethereum ETFs stood out in particular, with a single-week trading volume of about $17 billion, far surpassing previous records. He described Ethereum ETFs as having "suddenly awakened" since July, unleashing nearly a year's worth of activity within just six weeks.
- 22:02OpenAI employees seek to sell approximately $6 billion at a $500 billion valuationAccording to Jinse Finance, OpenAI employees are seeking to sell approximately $6 billion worth of shares at a $500 billion valuation. A group of investors, including Japan's SoftBank Group, Thrive, and Dragoneer, will participate in the share sale, thereby investing in OpenAI. SoftBank recently completed a $1 billion investment and has been involved in other transactions as well.