Ether is Now the Largest Institutional Crypto Asset: Bybit Research
Ether is now the largest single asset held by institutions, with Bybit speculating that this may be because of a potential upward swing from the Dencun upgrade
Report
South Korea’s Ruling and Opposition Parties Make Crypto-Related Poll Promises Ahead of Elections
South Korea’s national elections are scheduled for later this year on April 10.
Cathie Wood’s ARK Invest Sells Coinbase Shares for First Time in a Month
ARK sold $34.3 million of shares in the crypto exchange, which is due to report earnings after the U.S. market closes.
Bitcoin Favored in Human Trafficking, Child Exploitation: FinCEN Report
The Treasury’s financial-crimes arm found that bitcoin was increasingly popular for use in trafficking of people and materials tied to child sexual abuse, though the veri is from 2021.
U.S. Added 353K Jobs in January, Blowing Past Estimates
The latest update on the labor market came less than two days after the Fed’s Jerome Powell poured cold water on market hopes of a rate cut in March.
Bitcoin Miner Hut 8 Hits Out at Short-Selling Report
Hut’s shares slid more than 23% on Jan. 18 when short-selling firm JCapital Research said the USBTC merger had the makings of a pump and dump.
Crypto Backers B. Riley and Nomura Entangled in SEC Probe: Bloomberg
A statement from B. Riley said it was unaware of any such investigation from the U.S. Securities and Exchange Commission (SEC).
Bitcoin Could See Growth in Layer-2 Ecosystem, Drawing on Ethereum’s Experience
The report by Singapore-based blockchain investment Spartan Group and Kyle Ellicott details how these auxiliary networks have drawn a page from the Ethereum blockchain’s playbook, and could spring up as demand grows for blockspace on Bitcoin.
Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia
Tether said it was “disappointed” that the report had singled out its stablecoin, USDT.
Circle Highlights Surge in USDC Use for Asia Remittances in New Report
Since its introduction in 2018, the USDC stablecoin has been used to settle over $12 trillion in blockchain transactions, the company has said.