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UK Needs Bespoke Legal Framework for Using Crypto as Collateral: Law Commission

[Jun 27, 2023 5:01 PM] The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations.

Grayscale Bitcoin Trust Shares Rally to a One-Year High, Discount Dips to 30%

[Jun 27, 2023 4:53 PM] Investors are betting that recent filings for spot BTC ETF improve the chances for Grayscale to convert its trust into an ETF and close the price gap, one observer said.

FTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg

[Jun 27, 2023 3:27 PM] The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources.

Latin American Crypto Firm Ripio Approved to Operate in Spain as an Exchange

[Jun 27, 2023 2:25 PM] It’s the latest in a number of licenses to crypto companies granted by the Bank of Spain.

Nevada FID Files Court Petition To Place Prime Trust In Receivership Over Financial Woes

[Jun 27, 2023 2:16 PM] Nevada's Financial Institutions Division has taken legal action against Prime Trust LLC, filing a court petition to place the company in receivership. The Division cited concerns about Prime Trust's unsafe and unsound operations as well as its…

Russians Turned to Tether During Wagner Revolt

[Jun 27, 2023 2:00 PM] Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data…

Azuki 'Elementals' NFT Mint Sells Out in 15 Minutes, Raking in $38M

[Jun 27, 2023 1:22 PM] Existing Azuki and BEANZ holders got first dibs on minting the collection, which sold out before making it to public sale.

TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says

[Jun 27, 2023 12:44 PM] The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.

Ran Neuner Believes Blackrock’s Bitcoin ETF Could Double Price Next Year, Dismisses ‘Malicious Intent’ Speculations

[Jun 27, 2023 12:00 PM] Following Blackrock, the largest asset manager globally, filing for a spot bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), Ran Neuner, host of Crypto Banter, stated during an interview with Michelle…

Web3 Infrastructure Firm Crossmint Launches Wallet-as-a-Service to Expand NFT Use Cases

[Jun 27, 2023 11:26 AM] The new API will allow users to create smart contracts and send NFTs via email, with the infrastructure to generate backend wallets for NFT collectors.

Nevada Files to Place Crypto Custodian Prime Trust Into Receivership

[Jun 27, 2023 11:23 AM] Nevada's Financial Institutions Divisoin filed to appoint a receiver for crypto custodian on Prime Trust, the regulator announced on Tuesday.

Jack Dorsey Questions Apple's Tim Cook Over Bitcoin Support as Damus Deplatforming Looms

[Jun 27, 2023 11:15 AM] Apple cited violations of its in-app purchase guidelines as the primary reason for the delisting, according to Damus founder William Casarin.

First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut

[Jun 27, 2023 11:04 AM] The ETF saw $500 million worth of trades in the first 15 minutes.

ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown

[Jun 27, 2023 10:38 AM] Cryptocurrencies Cardano (ADA) and Solana (SOL) fell more than the broader crypto market on Tuesday, just before trading app Robinhood was set to delist them later in the day at 6:59 p.m. ET.

Judge Rejects FTX Founder Sam Bankman-Fried's Motions to Dismiss Criminal Charges

[Jun 27, 2023 10:01 AM] U.S. Judge Lewis Kaplan denied several of Sam Bankman-Fried's motions to dismiss criminal charges against him. He had previously denied the FTX founder's remaining motions to dismiss charges.

Biggest Movers: BCH Hits 1-Year High, as EDX Markets Rally Intensifies

[Jun 27, 2023 10:00 AM] Bitcoin cash rose to a one-year high on Tuesday, as traders continued to buy the token following last week’s EDX markets listing. The newly formed exchange, which is backed by the likes of Citadel, Sequoia Capital and Fidelity, listed the…

Insights Into MiCA, Europe's New Comprehensive Bitcoin And Crypto Regulation Framework

[Jun 27, 2023 10:00 AM] In a recent interview with Vishal Sacheendran, Director of MENA and Europe at Binance, he provided insights into the upcoming Markets in Crypto Assets (MiCA) regulation in Europe. Vishal, who previously worked for a financial regulator in Abu…

Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report

[Jun 27, 2023 9:44 AM] Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.

Bitfinex Launches Peer-to-Peer Trading Platform in Argentina, Colombia and Venezuela

[Jun 27, 2023 9:42 AM] Users will be able to buy and sell bitcoin, ether, USDT, EURT and XAUT.

Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund's Founders: Bloomberg

[Jun 27, 2023 9:31 AM] The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say.

Report: Swiss Authorities Seize $26 Million in Cryptocurrency Linked to Terraform Labs and Do Kwon

[Jun 27, 2023 8:44 AM] Law enforcement officials in Switzerland reportedly seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs and its co-founder, Do Kwon. Local media in South Korea revealed that the funds were…

A16z, ARK Invest Back $37M Round for Mythical Games

[Jun 27, 2023 7:00 AM] Crypto asset manager Scytale Digital led the Series C extension round for the NFL Rivals creator.

Bitcoin Prices Topping $31.9K Would Confirm Long-Term Bullish Bias: Fairlead Strategies

[Jun 27, 2023 6:54 AM] The Ichimoku cloud, created by Japanese journalist Goichi Hosoda in the late 1960s, is used by traders and analysts to monitor momentum and trend direction.

First Mover Americas: Crypto Funds See Largest Inflow in a Year

[Jun 27, 2023 6:18 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for June 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Chibi Finance Rug Pulls Users for $1M, CHIBI Falls 98%

[Jun 27, 2023 6:10 AM] Over 555 stolen ether were swapped from Arbitrum from Ethereum, a security firm said.

3AC-Linked FLEX, OX Tokens Surge Despite Lack of New Holders

[Jun 27, 2023 5:38 AM] Less than 2,000 wallets hold OX tokens, a level that’s far below the average holders of tokens with similar market capitalizations.

Bitcoin Cash Sees Largest Bets in 2 Years as BCH Doubles in a Week

[Jun 27, 2023 5:06 AM] Technical improvements and a listing on EDX Markets have likely fueled trading interest in bitcoin cash tokens.

Whale Drives Ether-Bitcoin Volatility Spread Lower Ahead of Options Expiry

[Jun 27, 2023 4:08 AM] The spread has flipped negative with consistent institutional selling of ether calls. Some of these positions could be rolled over ahead of Friday's expiry, leading to captivating shifts in volatility, crypto exchange Deribit said.

Robinhood Sheds Jobs for Third Time Since April 2022: WSJ

[Jun 27, 2023 4:04 AM] Trading platform Robinhood (HOOD) has cut 7% of its full-time staff, about 150 employees, in the third round of layoffs since April 2022.

Crypto Bankruptcy Investor Ouroboros Eyes Smaller Claims

[Jun 27, 2023 4:00 AM] The platform automates the due diligence process for buying cryptocurrency bankruptcy claims in firms like FTX or Celsius, providing previously missing liquidity for creditors owed around $50,000.