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Polygon Labs Trims Staff by 19% ‘for the Sake of Enhanced Performance’

[Feb 2, 2024 11:30 PM] As part of its strategy to recalibrate and enhance operational performance, Polygon Labs will be reducing its workforce by 60, marking a 19% cut. This decision, shared by CEO Marc Boiron, aims at maintaining a lean and efficient team. Polygon Labs…

Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through

[Feb 2, 2024 5:30 PM] The first cross-border digital dirham payment was completed by Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, using the Mbridge platform, a central bank digital currency (CBDC) liquidity and…

Donald Trump Won't Reappoint Fed Chair Jerome Powell If Elected President

[Feb 2, 2024 12:31 PM] In a recent statement, former President Donald Trump made it clear that, if elected for a second term, he would not reappoint Jerome Powell as the Federal Reserve Chair. Trump has expressed his dissatisfaction with the current Fed Chair's…

Apple's 'Vision Pro' Set to Get First Crypto-Focused Metaverse App From Victoria VR

[Feb 2, 2024 11:05 AM] The app is set to be released in the second qaurter and the token VR has already surged 60% in last 24 hours.

Bitcoin ETF Provider Valkyrie Adds BitGo as Second Custodian in Risk Mitigation Move

[Feb 2, 2024 9:40 AM] The digital asset investment firm has become the first of the ETF providers to diversify custody of its coins by tapping BitGo's expertise in addition to Coinbase.

1,210 ‘Sleeping Bitcoins’ From 2016 Stir After Years of Inactivity, Following Previous Day’s Mysterious Movements

[Feb 2, 2024 9:30 AM] On the final day of January 2024, a series of nine enigmatic transactions emerged from wallets established in 2016. Subsequently, another tranche of 15 transactions from wallets created on that same day in 2016 moved a total of 1,210.41 bitcoin…

Blackrock’s IBIT Bitcoin Reserves Soar, Securing 70,005 BTC Valued at Nearly $3 Billion

[Feb 2, 2024 8:15 AM] According to the latest metrics, Grayscale’s Bitcoin Trust, commonly referred to as GBTC, saw a decline of approximately 9,520.27 bitcoins, valued at around $410 million, between Jan. 31 and Feb. 1, 2024. During a two-day period…

Crypto Trading Platform Avantis Opens Perpetual Swaps DEX on Base Network

[Feb 2, 2024 8:00 AM]

U.S. Added 353K Jobs in January, Blowing Past Estimates

[Feb 2, 2024 7:38 AM] 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.

First Mover Americas: Bitcoin Holds $43K

[Feb 2, 2024 7:01 AM] The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

BlackRock and ProShares' Bitcoin ETFs Surpassed GBTC's Daily Volumes

[Feb 2, 2024 6:41 AM] GBTC has led bitcoin ETF volumes, mostly in outflows, since the products started trading in early January.

Hong Kong to Consult on Regulation for OTC Crypto Venues 'Very Soon'

[Feb 2, 2024 6:17 AM] The Financial Services and the Treasury Bureau will consult on over-the-counter venues like shops and online platforms following the outlets' role in crypto fraud cases.

Thai Regulator Orders Zipmex to Suspend Digital Asset Trading and Brokerage Services

[Feb 2, 2024 5:29 AM] Zipmex now has 15 days to correct its financial position and create a system to prevent the improper use of customer funds.

Jupiter’s JUP Rallies On With Solana Supporters Leading the Charge

[Feb 2, 2024 4:54 AM] One of the most-anticipated airdrops faced social media ire over its novel token distribution plan.

Chainlink's LINK Token Taps 22-Month High of $18, Ending Three-Month Breather

[Feb 2, 2024 4:43 AM] Analysts consider LINK as the safest bet to profit from the tokenization narrative.

OPNX Founder Su Zhu Says Shutdown Comes Because FTX Estate Claims Reached 'Recovery'

[Feb 2, 2024 4:06 AM] OPNX's volume peaked at just over $600,000, according to CoinGecko data.

AI Tokens Up After Meta Beats Analyst Expectations

[Feb 2, 2024 2:54 AM] Mark Zuckerberg's Meta said it was pivoting away from Metaverse to Artificial Intelligence in early 2023.

Binance Freezes $4.2M in XRP Tokens Stolen From Ripple Executive's Wallet

[Feb 2, 2024 2:40 AM] Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.

Traders Prefer Bitcoin to Ether Despite Developing Spot ETH ETF Narrative

[Feb 2, 2024 1:11 AM] The ether-bitcoin forward term structure is downward sloping structure, which means that traders expect ETH to perform weaker than BTC as time goes by, one trader said.

India CBDC Insider Reveals Current Stance of Country's Central Bank

[Feb 1, 2024 6:30 PM] India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it's making some progress.

Valkyrie Partners With Bitgo for Custodial Services and ‘Safekeeping of the Trust’s Bitcoin Holdings’

[Feb 1, 2024 5:30 PM] On Feb. 1, 2024, Valkyrie Digital Assets, a cryptocurrency asset manager, revealed in a Form 8-K submission to the U.S. Securities and Exchange Commission (SEC) that it has selected Bitgo to provide custodial services for its spot bitcoin…

Prediction Markets Can Hedge Crypto Startups' Regulatory Risk, Paradigm Says

[Feb 1, 2024 5:22 PM] Coinbase co-founder Fred Ehrsham's venture capital firm filed a friend-of-the-court brief in Kalshi's case against the CFTC.

FTX Hack Mystery Possibly Solved: U.S. Charges Trio With Theft, Including Infamous Attack on Crypto Exchange

[Feb 1, 2024 4:59 PM] The federal indictment doesn't identify Sam Bankman-Fried's FTX as the pilfered company, but Bloomberg reported that's who it was.

Bitcoin Steady at $43K as Tumbling U.S. Regional Bank Stocks Reignite Worries

[Feb 1, 2024 4:46 PM] Bitcoin so far remained muted compared to its vehement rally during the March banking crisis, but one analyst said he's "cautiously long" amid the turmoil.

Bullish on Bitcoin: Global Survey Respondents Anticipate BTC Price Spike to $60K and Beyond in 2024

[Feb 1, 2024 4:30 PM] A recent international survey by Bitget has illuminated the crypto market’s hopeful perspective, drawing insights from close to 10,000 individuals across areas such as West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin…

U.S. Lawmakers Seek to Overturn SEC's Crypto Accounting Policy

[Feb 1, 2024 4:17 PM] Members of Congress are trying to delete the controversial U.S. Securities and Exchange Commission accounting bulletin that implies restrictions on companies that want to hold their customer's crypto assets.

OPNX, the Exchange Built by Founders of Doomed Hedge Fund Three Arrows, Is Shutting Down

[Feb 1, 2024 3:47 PM] Customers were advised to settle their positions by Feb. 7 and withdraw their money by Feb. 14.

Celsius Emerges From Bankruptcy, Begins to Distribute $3 Billion to Creditors

[Feb 1, 2024 3:30 PM] Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring…

Valkyrie Becomes First Spot Bitcoin ETF to Diversify Coin Custody, Uses Coinbase and BitGo

[Feb 1, 2024 2:59 PM] Digital asset investment firm, Valkyrie, has become the first spot Bitcoin Exchange-Traded Fund (ETF) to diversify the custody of its coins, according to a recent Securities and Exchange Commission (SEC) filing. In a move to enhance…

Man Behind Defunct BTC-e Exchange Once Popular with Criminals Faces U.S. Charges

[Feb 1, 2024 2:38 PM] One of the men behind BTC-e, a now-defunct crypto exchange once popular with cybercriminals and money launderers, has been arrested and charged in the U.S., the Department of Justice (DOJ) said Thursday.