PLUS: The ongoing tragicomedy surrounding Sam Bankman-Fried took another turn on Friday as his bail was revoked. Even prior to this verdict, David Morris, a CoinDesk columnist, had already outlined why the final outcome was easily foreseeable.
The likelihood of another rate hike is diminishing due to the modest Consumer Price Index (CPI) figures.
The stability of DeFi as a whole is at risk due to the mounting pressure on Curve Founder Michael Egorov's $168M holdings. PLUS: The Litecoin Foundation and crypto cold-storage card manufacturer Ballet have excitedly unveiled a limited edition sale of 500 collectible cards – exquisitely crafted from 50 grams of pure silver.
In a post-FTX world, the CEO of the Dubai-based exchange observes a fierce competition among jurisdictions vying for dominance in the crypto business. PLUS: Bitcoin maintains its position around $30,000 amidst investor prudence.
The potential addition of XRP to the holdings of crypto index funds could generate an additional surge in buying pressure for the token, as suggested by an analyst.
PLUS: Enhancing the vivid portrayal of a Binance executive's daily routine – dealing with minor offenders, counterfeit legal documents, and tactfully handling politically delicate inquiries.
PLUS: Charles d'Haussy, from the dYdX Foundation, suggests that dYdX's departure from Ethereum could mark the onset of a more extensive phenomenon.
PLUS: Japan's achievements in digital assets and Web3 regulation are commendable, positioning it as a success story in this realm. However, while attending the recent IVS Crypto Conference in Kyoto, one cannot shake the feeling that there is something lacking.
The sell-off comes before creditor distributions, which will exclusively be made in the two most widely used cryptocurrencies.
ALSO: Rahul Advani, Ripple Asia's policy lead, commends Japan's cryptocurrency regulations for their strong focus on safeguarding consumers. According to Advani, the nation has established 'a very clear taxonomy for digital assets.'