Crypto Futures Funding Rates Normalize After Bitcoin Drops to $35.6K
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.
Crypto Market Sees Net Capital Inflow for First Time in 17 Months
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market.
Blockchain.com Closes $110M Raise: Bloomberg
The exchange’s valuation in the $110 million round was less than half of its previous $14 billion valuation, according to the report.
Crypto Custodian Hex Trust Obtains Full Dubai Operating License
This final approval allows the firm to offer digital asset custodial services to institutional clients and sophisticated investors in Dubai.
JPMorgan, Apollo Tokenize Funds in ‘Proof of Concept’ With Axelar, Oasis, Provenance
The aim of the project was to allow wealth managers to tokenize funds and to be able to purchase and rebalance positions in tokenized assets across multiple interconnected chains.
India’s Supreme Court Turns Away Petition Asking Government to Frame Crypto Guidelines
“Though the petition is under Article 32 of the Constitution, it is evident that the real purpose is to seek bail in proceedings which are pending against the petitioner,” the order said.
Crypto Bulls Hit by $300M in Liquidations as Bitcoin, Ether Buckle on Fizzling ETF Momentum
Tuesday’s sharp decline in crypto prices spurred the largest daily leveraged long liquidation since August, CoinGlass veri shows.
Bitcoin Drops 4% to $35K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic
An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF.
Fake BlackRock XRP Filing Referred to Delaware Department of Justice
A check of the process for registering a trust in the state apparently leaves a ready opening for bad actors.
‘Mutant Ape Planet’ NFT Developer Pleaded Guilty in $3M Fraud
French developer Aurelien Michel pleaded guilty in U.S. federal court and agreed to hisse $1.4M, according to prosecutors.