Hong Kong-Based Crypto Exchange OSL’s Owner Weighing Sale at $128M Valuation: Bloomberg
BC Technology may elect to sell parts of OSL’s business rather than the whole entity, according to the report, citing people familiar with the matter.
Financial
GameFi Token BIGTIME Rallies 250% in First Week; Analysts Raise Supply Concerns
BIGTIME debuted on select exchanges, including OKX and Coinbase, last Wednesday.
California ‘BitLicense’ Bill Signed by Gov. Newsom
The Digital Financial Assets Law will take effect on July 1, 2025.
SBF Trial: What Did FTX’s Terms of Service Say About Customer Funds?
Sam Bankman Fried’s lawyers say FTX didn’t misuse customer funds under its terms of service. We dug into the agreement to see exactly what it says.
Bitcoin Gains Spark Bullish Call of ‘$15T Asset;’ BTC Forks Jump
One bull said bitcoin is “more valuable than gold” and will become a $15 trillion asset.
Ferrari to Start Accepting Crypto Payments in U.S: Reuters
Ferrari will subsequently extend the scheme to Europe in response to demand from its wealthy customers
Investor Demand for Ether Staking Yields Has Slowed: Coinbase
Staking yields have dropped to 3.5% from above 5% in the last few months, the report said.
Binance Burns $450M BNB in Quarterly Move
The burn mechanism is based on BNB’s price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter.
FTX Bankruptcy Estate Stakes $150M SOL and ETH as Sam Bankman-Fried’s Trial Continues
Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain veri suggests.
Grayscale ‘GBTC Discount’ Narrows to Near 2-Year Low as SEC Misses ETF Appeal Window
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.