Author: Coindesk
Indices are a popular product in traditional finance with the Chicago Mercantile Exchange, S&P Futures or Nasdaq Futures, allowing traders exposure to the whole market. The new products would soon be complimented by a copy trading option, as well as on-chain U.S. Treasury Bills, WOO X chief operating officer Willy Chuang said. Read the full article here
Friend.tech was earning in excess of $1 million per day in fees at its August peak after going viral on X and gaining more than 100,000 unique users, a significant number for crypto application standards. Shares of some crypto X personalities, such as @Cobie and @HsakaTrades, jumped to as much as three ether, or nearly $5,000, at the time. Read the full article here
“This integration will have a profound impact on the Sui community, fueling enhanced liquidity, expanding the network’s utility, and unlocking new possibilities for builders and users,” Greg Siourounis, managing director of ecosystem development organization Sui Foundation, said in an emailed statement. Read the full article here
“He spent his customers’ money and he lied to them about it. Where did the money go? The money went to pay for investments, to repay loans, to cover expenses, to purchase property, and to make political donations,” Roos said last year. During the sentencing hearing, he went further, saying, “the fact that Mr. Bankman-Fried spent the money on investments, rather than sports cars, or whatever you might expect for someone classically greedy, does not make him not greedy or does not express a motive of greed. The fact that he had ambitions that seem altruistic does not make him…
The strategy also mimics that of Tysons Corner, Virginia-based MicroStrategy, the software developer that in 2020 said it would start building up its holdings of bitcoin. Since then, its stock price has often mirrored the fluctuations in bitcoin’s price, reflecting investor sentiment toward the cryptocurrency market. It is now the largest corporate owner of bitcoin, according to bitcointreasuries.net, holding more than 214,000 valued at more than $15 billion. Read the full article here
McHenry has been negotiating stablecoin legislation with members of his party and House Democrats for months, and when a bill cleared his committee, it did so with the support of several Democrats. But there has been some resistance from the administration and from the panel’s top Democrat, Rep. Maxine Waters (D-Calif.), about the role of the federal government in overseeing stablecoin issuers. Read the full article here
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“Because you see the transaction fees for Bitcoin and Ethereum, no one would ever use that database to build anything on, right? My analogy for non-crypto people is, would you want to fill your car at $50, you know, week after week, and then one week at $600? And that’s effectively what high gas fees are on Ethereum,” he said. Read the full article here
Crypto skeptic Sen. Sherrod Brown (D-Ohio), whose Democratic Party currently controls the Senate, is the chairman of the Banking Committee and has been reluctant to allow digital assets regulatory bills to move through the panel, despite some progress in the House of Representatives. In Ohio’s general election, he faces Republican challenger Bernie Moreno, an Ohio businessman and crypto enthusiast who founded a blockchain startup, and Lummis – a member of Brown’s committee – predicted on Tuesday that digital assets could be front and center in this matchup. Read the full article here
However, the general public’s distaste of NFTs hasn’t stopped the art industry from embracing them. In 2021, Christie’s auction house made history with the $69 million sale of Beeple’s “Everydays” collage. Since then, the storied company has expanded further into the realm of crypto, including countless NFT auctions, investments in Web3 firms via Christie’s Ventures and even the launch of its own NFT marketplace, Christie’s 3.0. Read the full article here