First Mover Americas: FTX Wants to Sell Its GBTC
The latest price moves in crypto markets in context for Nov. 6, 2023.
Financial
XRP Spikes 10% as Several Institutions Adopt Ripple’s Services
XRP traders often react to Ripple developments even as the company maintains distance from the token.
Bitcoin Addresses With Over $1K of BTC Hits Record 8M, Data Shows
The number could grow exponentially, representing a tremendous amount of purchasing power, one observer said.
Roger Ver Seeks Winding Up of Matrixport in Seychelles Lawsuit
The investor launched a suit last year in Seychelles against Matrixport subsidiary Smart Vega, which runs Bit.com, for confiscating $8 million, which he says is being kept because Matrixport’s Jihan Wu blames him for the collapse of CoinFLEX.
Bank of England Publishes Plans to Regulate Wide-Use Stablecoins
The U.K. government published plans for regulating crypto last week.
SOL Drops 5% as FTX Estate Transfers Tokens to Binance, Kraken
The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token’s price is near the highest in a year.
GROK Tokens, Inspired by Elon Musk’s ChatGPT Rival, Pop up on Blockchains
While unrelated to the actual Grok service, the inspired tokens are quickly gaining a following among low-cap traders.
There Is No Reason Not To Be Bullish on Bitcoin After Payroll Data, Crypto Expert Says
We’re seeing decent progress on the CPI and hourly earnings trends, giving room for the Fed to speak in a continued dovish tone, Amberdata’s Greg Magadini said.
FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets
Apart from using an investment adviser, the debtors have proposed setting up a pricing committee in which all stakeholders are represented.
The Simpsons Take a Dig at NFTs, Crypto in ‘Treehouse of Horror’ Episode
“Remember how we were always saying we wish Bart was less fungible,” Homer asks Marge after he puts his son on-chain.