Meme Coin BONK Spikes 40% on Coinbase Listing
BONK prices reversed nearly all losses from last week following the announcement. Prices traded at $0.000014 on Thursday morning with a trading volume of over $235 million since Wednesday.
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FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries
FTX victims are closer to getting their money back from the exchange after a federal judge put an end to a time-consuming dispute that has halted the exchange’s bankruptcy case.
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Bitcoin Bounces Over $43K, Altcoins, Crypto Stocks Burst Higher as Fed Projects Rate Cuts Next Year
Cardano’s ADA, Avalanche’s AVAX and Injective’s INJ tokens led altcoin gains as risk assets rallied on dovish Fed.
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CFTC Pushes FTX-Inspired Rule to Protect Customers’ Money
Commissioners took a step toward requiring derivatives clearing organizations, a key type of middleman in the industry, to keep their customers’ money segregated from their own funds.
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Anonymous Crypto Interests Bombard Key Senator Sherrod Brown With Political Ads
New crypto advocacy group Cedar Innovation Foundation is running digital ads in Brown’s Ohio to persuade him to buck SEC Chair Gary Gensler, but Cedar won’t say who’s behind it.
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Protocol Village: Immutable zkEVM Will Allow Developers to ‘Abstract’ Transaction Fees
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 14-Dec. 20, with live updates throughout.
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U.S. CFTC Approves Bitcoin Futures Platform Bitnomial’s Derivatives Clearing Application
The commissioners discussed issues like conflict of interest before ultimately voting in favor of the margined bitcoin futures company.
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Ethereum’s Buterin Floats Prospect of Taking Some Layer-2 Functions Back on Main Chain
Vitalik Buterin, a member of the Ethereum Foundation’s executive board, evvel pushed “layer-2” networks as a way to provide faster and cheaper transactions. Now he’s got ideas for “enshrining” some of those functions on the main chain.
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Federal Reserve Holds Policy Steady, but Indicates More Dovish 2024
Market participants will look to Fed Chair Jerome Powell’s post-meeting press conference for additional signs about the direction of future policy.
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Why 2023 Is Like 2020 and Bitcoin Is Set to Head Towards $50k
Crypto derivatives show bullish positioning but are not over-extended by historical norms. That’s good news for the whole crypto market.