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Leading Ethereum technologists and talking heads said the second-largest cryptocurrency is "significantly mispriced," according to an institutional "Bull Case for ETH" report published on Thursday. If compared to other commodities — like oil — the thought leaders said ETH could maintain a long-term …
High-net-worth clients across Asia are gradually pivoting away from US dollar-based investments, favoring gold, cryptocurrencies and Chinese assets instead, according to financial services giant UBS Group.“Gold is getting very popular,” Amy Lo, the Swiss bank’s co-head of wealth management for Asia,…
Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida.The settlement amount remains confidential, with terms expected to be disclosed after investors…
The crypto lending market’s size remains significantly down from its $64 billion high, but decentralized finance (DeFi) borrowing has made a more than 900% recovery from bear market lows.Crypto lending enables borrowers to use their crypto holdings as collateral to obtain a crypto or fiat loan, whil…
BlackRock received approval from the UK's Financial Conduct Authority to operate as a crypto asset firm in the country, while Galaxy Digital has been granted a license to execute derivatives trading through its London office.Since 2020, firms conducting certain crypto asset activities in the UK have…
The New York State Attorney General’s (NAYG) recent legal action against Galaxy Digital over its promotional ties to the now-collapsed cryptocurrency Terra (LUNA) was unfair and an abuse of the legal system, says SkyBridge Capital and founder Anthony Scaramucci.“It’s LAWFARE, pure and simple due to …
Solana is set to release 11.2 million SOL tokens today, valued at approximately $1.57 billion. This unlock is part of the ongoing bankruptcy process for the defunct FTX exchange.Notably, the unlock comes as mounting legal expenses are making FTX bankruptcy one of the most costly Chapter 11 cases in …
WASHINGTON, D.C. — Within hours of the announcement that he'd started as the crypto counselor for Treasury Secretary Scott Bessent, former Galaxy Digital lawyer Tyler Williams was addressing a private digital assets event in Washington, D.C., telling the crowd that helping Congress get stablecoin le…
Solana’s price trades 52% below its all-time high of $295 on Jan. 19. The 41% drawdown over the last month accompanies a 40% drawdown in the total value locked on Solana, with SOL’s technical setup pointing to further losses ahead.Solana TVL drops $5B in 30 daysThe total value locked (TVL) on the S…
American crypto custody platform BitGo is planning to go public with an initial public offering (IPO) by the second half of 2025, Bloomberg reported, citing “people familiar with the matter.” The company is already in talks with potential advisors for the public listing; however, the final decision …
Galaxy Digital (GLXY), the cryptocurrency trading company helmed by Mike Novogratz, is bringing its blockchain staking capabilities to regulated custody specialist BitGo Trust, despite the legal spat between the two firms.It makes sense to play nice: The deal brings Galaxy’s staking and validator se…
The publicly listed miner from Wall Street, Argo Blockchain (LSE: ARB, NASDAQ: ARBK) has secured a hosting arrangement with Merkle Standard LLC for its mining equipment in Memphis, Tennessee, while allocating additional units to its Quebec facility.Wall Street Bitcoin Miner Argo Sets New Hosting Arr…