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Uncertainty Returns After BitGo Cancels Prime Trust Acquisition

[Jun 22, 2023 10:09 AM] BitGo's plans to acquire Prime Trust, a prominent custody firm, have taken an unexpected turn as BitGo recently announced on Twitter the cancellation of the acquisition. The initial announcement had generated excitement within the industry, as the…

Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty

[Jun 22, 2023 10:00 AM] On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime…

Northstake Raises $3M to Boost Institutional Crypto Staking

[Jun 22, 2023 8:00 AM] The 2.8 million-euro fundraise comes from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund.

Startup Kaito Gets $87.5M Valuation in New Funding to Build AI Search Engine for Crypto

[Jun 22, 2023 8:00 AM] The search engine combines real-time data with large language models like ChatGPT.

Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust

[Jun 22, 2023 7:59 AM] Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.

Wintermute Backs DEX Vertex Protocol in Strategic Investment

[Jun 22, 2023 7:29 AM] The amount of the investment wasn’t disclosed, and Wintermute will provide liquidity services to the decentralized exchange.

Algorand Cuts Block Time After New Upgrade

[Jun 22, 2023 7:00 AM] The protocol upgrade includes several improvements intended to make application development faster and more cost-efficient.

Crypto Friendly Xapo Bank Expands to India, Rest of South Asia

[Jun 22, 2023 6:33 AM] Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape."

First Mover Americas: BTC Crosses $30K and Bitcoin Layer 2 Stacks Networks Gains 15%

[Jun 22, 2023 6:18 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for June 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Animoca Brands' Anichess Secures $1.5M for Decentralized Chess Game

[Jun 22, 2023 6:00 AM] The game, launching in early 2024, was made in partnership with Chess.com.

Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’

[Jun 22, 2023 5:30 AM] Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double…

QCP Capital, SBI Alpha Execute First Uncleared Crypto Options Trade on Regulated Platform Using Bitcoin as Collateral

[Jun 22, 2023 5:30 AM] The trade was executed on the regulated Clear Markets platform and involved bitcoin as collateral. The risk management techniques involved were consistent with ISDA's requirements for uncleared derivatives.

South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report

[Jun 22, 2023 5:29 AM] Earlier this month, Haru Invest halted withdrawals and deposits.

Mastercard Focuses Its ‘Engage’ Program on Crypto

[Jun 22, 2023 5:00 AM] The expanded network helps bring new crypto card programs to market and creates crypto-to-fiat conversion capabilities, Mastercard said.

Bitcoin's Price Bump to $30K Sees Short Traders Nurse Biggest Loss in 2 Months

[Jun 22, 2023 4:57 AM] “Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” one investor said.

Bitcoin Options Volume Jumps to $3.3B as Price Rallies to Two-Month High

[Jun 22, 2023 3:18 AM] Traders are scrambling for bitcoin calls or bullish bets after the cryptocurrency's sudden rally to nearly $31,000.

Bitcoin Holdings in One Coinbase Custody Wallet Jumped by 2.5K After BlackRock ETF Filing

[Jun 22, 2023 2:59 AM] Trading volumes have seen a marked increase on Coinbase since the filing for a spot bitcoin ETF.

Crédit Agricole’s CACEIS Gains Crypto Custody Registration in France

[Jun 22, 2023 2:33 AM] The traditional finance giant has been rumored to be seeking the status for years.

Shiba Inu Introduces ‘Shibacals’ to Link NFTs to Real-World Items; SHIB Jumps

[Jun 22, 2023 2:27 AM] Developers shared plans for an NFC-linked authentication service in a Thursday update.

Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF 

[Jun 21, 2023 11:30 PM] On Wednesday, Valkyrie Funds, a Tennessee-based asset manager offering a bitcoin futures exchange-traded fund (ETF), a defi fund, and a bitcoin mining industry ETF, filed with the U.S. Securities and Exchange Commission (SEC) for the launch of a…

First Mover Asia: Bitcoin Holds Firm Above $30.1K as Investors Relish BlackRock, Other Spot BTC ETF Filings

[Jun 21, 2023 8:08 PM] ALSO: Crypto may enduring "a crisis of confidence," but the recent filings for spot bitcoin ETFs by large institutional investors is a promising sign, said an eToro analyst.

Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore

[Jun 21, 2023 8:08 PM] Authorities in Singapore have awarded 190 Major Payment licenses, and 11 of these have gone to Digital Payment Token companies.

Puma, Gutter Cat Gang and LaMelo Ball Team Up to Release NFT Sneakers

[Jun 21, 2023 3:49 PM] The “GutterMelo MB.03” NFT sneakers are paired with a physical real-life sneaker counterpart and will be available to mint on OpenSea on June 29.

Valkyrie Investments Joins Flurry Of Firms Filing For Spot Bitcoin ETFs

[Jun 21, 2023 3:01 PM] Amidst a surge of activity within the ETF space, Valkyrie Investments has made significant moves to establish its presence once again. A Delaware-based subsidiary of Valkyrie Investments Inc. has filed an updated spot ETF proposal, altering the…

Raft’s R Stablecoin Surges as Traders Embrace Liquid Staking Ether Products

[Jun 21, 2023 2:07 PM] While Raft is centered around its R stablecoin backed by Lido’s stETH, the team has had ongoing conversations about introducing RAFT, an additional token intended to empower community members and help decentralize the protocol

NFT Creation Platform Zora Launches Creator-Focused Layer 2

[Jun 21, 2023 1:33 PM] Zora Network aims to make minting on its platform "faster, cheaper and more enjoyable," according to a press release.

Exploring the World of Rare Satoshis: Collectors Embrace the Value of Unique Bitcoin Artifacts

[Jun 21, 2023 1:30 PM] With 13 million Ordinal inscriptions linked to the Bitcoin blockchain, enthusiasts have turned their attention to a distinct digital artifact subject known as “rare satoshis” or “satributes.” The latest trend involves…

Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community

[Jun 21, 2023 1:02 PM] 3AC co-founder Kyle Davies told CoinDesk that the new entity aims to provide support for projects that are building for a decentralized future, but skeptics have recalled the original firm’s tainted past.

Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund

[Jun 21, 2023 12:12 PM] Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.

First Animated Film Funded by a DAO Brings Nouns NFT Collection to Life

[Jun 21, 2023 10:00 AM] Led by former animators for Pixar, Netflix and Marvel, “The Rise of Blus: A Nouns Movie” has a budget of $2.75 million and is said to be the first animated film funded by a DAO.