Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to ‘Abnormal Volatility’
The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token.
Financial
Fresh Money Flows to Crypto as Stablecoin Market Expands After 1.5 Years Downtrend
Tether’s USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
New Binance CEO Evasive in First Marquee Interview Since Getting One of the Biggest Jobs in Crypto
Richard Teng, who just took over from founder Changpeng “CZ” Zhao amid a $4.3 billion kanunî settlement, didn’t give specific answers to simple questions asked by the moderator when asked where the exchange is headquartered or who the exchange’s auditor is.
Elon Musk-Backed X.AI Files With SEC to Raise Up to $1B in Equity Offering
The filing lists the Tesla-billionaire-turned-social-media tycoon as a key backer.
Bitcoin Blasts to $44K on Coinbase, and Could Run Towards $48K Resistance: LMAX Analyst
The sharp move higher from $42,000 Tuesday prompted $73 million in liquidations, mostly from leveraged positions betting on lower prices.
IBM Introduces New Cold Storage Tech for Crypto Assets
The new Offline Signing Orchestrator tech is being used by IBM’s long standing partner in the crypto space, Ripple-owned custody firm Metaco.
Bitcoin ETFs Got BTC Surging, but Tumbling Interest Rates Have Helped, Too
The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board.
House’s McHenry Won’t Seek Reelection, Costing Crypto a Top Ally: Politico
Rep. Patrick McHenry, the chairman of the House Financial Services Committee who has shepherded crypto legislation this year, has reportedly decided not to run again next year.
BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF
BlackRock’s amended filing included clarifications on topics such as the Trust’s structure and potential regulatory impacts on it.
Binance’s Multi-Billion CFTC Penalty Was ‘Heightened,’ Says Commissioner Kristin Johnson
Johnson clarified that the agency sued the crypto exchange because it “simply failed to comply with regulation,” and didn’t accuse it of misconduct.