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Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses

[Jul 4, 2023 3:30 PM] A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between…

The High Rate Environment —  Bank of America Faces Paper Losses Exceeding $100 Billion

[Jul 4, 2023 1:30 PM] Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit…

UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime

[Jul 4, 2023 10:58 AM] The bill, introduced in September, now enters its final stages in Parliament.

Bitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs

[Jul 4, 2023 9:19 AM] Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.

Coinbase Shares Skyrocket Over 30% After Nasdaq and Cboe Amend Bitcoin ETF Applications

[Jul 4, 2023 9:07 AM] During the initial half of 2023, Coinbase shares experienced a significant surge, rocketing over 30% this week as Nasdaq and Cboe refiled spot bitcoin exchange-traded fund (ETF) applications on behalf of numerous fund managers. The revisions…

Pepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play

[Jul 4, 2023 2:40 AM] Offshoots of several meme coins have popped across the board in a trend that’s likely to die out within weeks.

UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic

[Jul 4, 2023 2:00 AM] U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central…

Voyager Creditors Billed $5.1M for March-May by Law Firm

[Jul 3, 2023 11:52 PM] Latest bill brings total compensation bills to $16.4 million for bankruptcy and restructuring firm.

Reality TV Star Phaedra Parks Empowers 13-Year-Old Son With $150,000 to Invest in Cryptocurrency and Rental Properties 

[Jul 3, 2023 10:00 PM] According to a recent interview with “Real Housewives of Atlanta” cast member Phaedra Parks, the reality TV star gave her son $150,000 to invest and learn about building wealth. Parks mentioned that her 13-year-old son, Ayden, is…

Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis

[Jul 3, 2023 7:59 PM] Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.

First Mover Asia: Bitcoin Crosses $31K After Spot BTC ETF Issuers Begin Refiling

[Jul 3, 2023 7:52 PM] PLUS: The first half of 2023 has so far been very promising for crypto majors.

Credit Suisse and Swiss Football Association To Release Women's Football NFT Collection

[Jul 3, 2023 4:00 PM] All of the proceeds from the collection, featuring portraits of the Swiss Women’s National Team, will be donated to support women’s football in Switzerland.

Nasdaq Resubmits Blackrock Spot Bitcoin ETF Application, Inks Agreement With Coinbase for Surveillance-Sharing

[Jul 3, 2023 4:00 PM] After the four firms that filed for spot bitcoin exchange-traded funds (ETFs) resubmitted their applications with the U.S. Securities and Exchange Commission (SEC), the asset manager Blackrock followed suit with an amended application. Similar to…

Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'

[Jul 3, 2023 2:31 PM] The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in trading volume, said Davies.

BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner

[Jul 3, 2023 1:33 PM] The refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn't specify the name of the underlying market in so-called surveillance-sharing agreements.

Bored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low

[Jul 3, 2023 12:06 PM] The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000 on Sunday evening before rebounding slightly.

Report: Revolut to Delist Polygon, Solana, and Cardano Amidst Evolving US Regulations

[Jul 3, 2023 12:00 PM] According to a report published on Monday, the British fintech firm Revolut plans to delist the cryptocurrency assets polygon, solana, and cardano from its U.S.-based platform. Revolut cited evolving regulations in the United States, and users will…

Coinbase, Microstrategy Shares Rally After Cboe Refiles Bitcoin ETF Applications

[Jul 3, 2023 10:23 AM] Shares in Coinbase, chosen as the market for the surveillance-sharing agreements in ETF applications, rose above $80 at around 11:30 ET on Monday.

Belarus Looks to Ban Peer-to-Peer Crypto Transactions to Reduce Fraud

[Jul 3, 2023 9:14 AM] The east European country is working on legislation to make it harder for fraudsters to get their hands on the proceeds of crime.

Bitcoin Unlikely to Be Destabilized by Real Yields, Crypto Observers Say

[Jul 3, 2023 7:54 AM] The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.

Crypto ATM Operator Bitcoin Depot Debuts on Nasdaq Following SPAC Merger

[Jul 3, 2023 7:45 AM] The company plans to look for acquisition opportunities in the "highly fragmented" market, CEO Brandon Mintz said.

First Mover Americas: Traders Place Big Bets on Ether for Second Half of 2023

[Jul 3, 2023 6:27 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Hong Kong Sets Up Task Force for Web3 Development

[Jul 3, 2023 5:10 AM] Hong Kong wants to be a Web3 hub, Financial Secretary Paul Chan said.

Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein

[Jul 3, 2023 4:52 AM] The lack of a spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust, which are more expensive, illiquid and inefficient, the report said.

Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End

[Jul 3, 2023 2:42 AM] Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year.

Latam Insights — Argentina Settles IMF Payment in Yuan; Brazilian CBDC to Be Launched in 2024

[Jul 3, 2023 2:00 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina settles part of its $44 billion debt with the International Monetary Fund (IMF) using the Chinese…

AzukiDAO Votes on 'Reclaim' of 20K Ether After Botched Elementals NFT Mint

[Jul 3, 2023 1:46 AM] “We have only been given a similar profile picture to that of the original Azuki holders,” the DAO proposal reads.

Bitcoin Cash Futures Traders Lose Most in 2 Years as Prices Spike to $320

[Jul 3, 2023 12:41 AM] South Korean trading volumes for the bitcoin offshoot token boomed last week, spurring a price spike last week.

South Korea Passes Crypto Bill for User Protection

[Jul 2, 2023 11:52 PM] The bill marks the country's first step towards a digital asset legal framework.

First Mover Asia: Bitcoin Maintains $30K as Prospective Issuers Refile ETF Applications

[Jul 2, 2023 7:27 PM] PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.