Bitcoin Slides to $26.5K Amid Surging U.S. Dollar; Record-High Rates Are ‘Nightmare’ for Crypto Firms
The 10-year Treasury rate surging to a 16-year high and equity markets selling off could push BTC lower, one trading firm said.
Judge Blocks Sam Bankman-Fried’s Proposed Witnesses From Testifying
The defense can try again to put some of them on the stand, though the U.S. Justice Department may still object, Judge Lewis Kaplan wrote.
‘You Can Do Nothing’: Crypto Trading Titans Are Yelling at Each Other on Elon Musk’s X
“I never thought that you could be THAT scared of us,” DWF’s Andrei Grachev posted on X. Wintermute’s Evgeny Gaevoy: “We are trembling in your presence.”
Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress
Former Sen. Pat Toomey is pessimistic about legislation moving through this term, but it may be more likely in the next Congress.
Polygon Emerges as Suitor for Celo’s New Layer-2 Blockchain, Competing With OP Stack
Celo, which is ditching its standalone blockchain in favor of a new “layer-2” network atop Ethereum, had originally signaled plans to rely on Optimism’s OP Stack, a similar customizable kit to Polygon’s but using Optimism’s “optimistic” technology.
Top 3 Crypto Myths Tackled for Advisors
Christopher Jensen from Franklin Templeton tackles myths about crypto in today’s Crypto for Advisors newsletter.
Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.
NEAR Foundation’s Marieke Flament Steps Down as CEO
General Counsel Chris Donovan will assume her role at the organization behind the NEAR protocol.
Bank of Japan a Major Source of Uncertainty, Crypto Volatility Trader Says
While the Fed’s tightening cycle seems to be in its final stages, the Bank of Japan is yet to move the needle on rates.
Binance Warns of Multiple Stablecoin Delisting As Lawyers Puzzle Over EU’s MiCA
The EU’s landmark Markets in Crypto Assets law, MiCA, takes effect next year, but it’s not clear how it will apply to foreign or decentralized issuers