UK Publishes Final Proposals for Crypto, Stablecoin Regulation
The government plans to propose legislation on fiat-backed stablecoins by early 2024.
Financial
Bitcoin Whales Take Charge as Number of $100K Transactions Surge
The number of transactions of over $100,000 on the Bitcoin blockchain rose to a new year-to-date high last week.
CME Whisker Away From Replacing Binance as Top Bitcoin Futures Exchange
With a notional open interest (OI) of $3.54 billion, CME is now the second-largest bitcoin futures exchange.
Thailand’s Kasikorn Bank Buys Majority Stake in Satang Crypto Exchange for $103M
The move continues a trend of Thailand’s major traditional financial institutions moving into crypto.
Sam Bankman-Fried Rebuffed Barry Silbert’s and Celsius’ Requests for Help, Ex-FTX CEO Testifies at His Trial
The crypto mogul served as a white knight for other struggling companies, though, before his empire fell, too.
Sam Bankman-Fried Started Buying Solana’s SOL at 20 Cents Using ‘Alameda Profits,’ He Says at His Trial
“I believed the funds came from Alameda’s operating profits” as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.
Bitcoin’s 14% Weekly Gain Signals ‘End of an Era’ as Big Tech Dumps, Analyst Says
Bitcoin’s advance this week coupled with gains across all digital asset sectors, highlighting the breadth of the crypto rally.
Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC
Gemini has filed a lawsuit against Genesis over 60 million GBTC shares that were pledged as collateral.
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental ‘Misunderstanding’
Dozens of mining firms came to Washington to steer the policy narrative away from negative environmental claims and make a case for mining as an economic and security boon.
Bitcoin Catches Market Cap of Elon Musk’s Tesla Amid ETF-Fueled Rally, but Traders Cautious Ahead of Fed Meeting
The Fed is widely expected to hold rates steady next week but traders will be watching for signals about future policy moves.