Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.
BlackRock’s Bitcoin ETF Might Have Trading Support of Heavyweights Like Jane Street, Jump and Virtu: Source
Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths.
Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000
A Coinbase (COIN) effort to drum up a cross-country swell of amateur crypto advocates – the nonprofit Stand With Crypto – has paid off with a surge of more than 100,000 individuals getting involved in the opening weeks, organizers say.
In Crypto’s ‘Autonomous Worlds,’ Creators Are Architects and Users Are Stakeholders
(Greg Rosenke/Unsplash, modified by CoinDesk)
Sam Bankman-Fried Again Blames Underlings for Woes as FTX Founder Wraps Up Testimony
“So, it’s your testimony that your supervisees told you to stop asking questions?” asked a prosecutor. “Did you call in your lieutenants and ask ‘who spent $8 billion?'”
Sam Bankman-Fried’s Defense Team Makes Last-Ditch Bid to Get ‘English Law’ Detail in Jury Instructions
A set of filings from Sam Bankman-Fried’s defense team late Monday shows his attorneys still hope to clarify that English law governed FTX’s terms of service – which may have implications on the fraud charges.
On Bitcoin White Paper’s 15th Anniversary, Wall Street Threatens to Swallow Its One-Time Challenger
The titans of finance are increasingly driving a space that, to many, was designed to put them out of business.
Sam Bankman-Fried’s Post-Collapse Media Blitz Has Clearly Backfired
The FTX founder was grilled Monday by a prosecutor, who used the many words he said to journalists after his crypto company’s collapse against him.
Ethereum Has Layer 0 Power. But It Could Still Blow It
Before it becomes foundational infrastructure for the next stage of the internet, there are three risks that the blockchain needs to avoid, says Paul Brody, head of blockchain at EY.
Tokenized U.S. Treasury Market Grows Nearly 600% to $698M as Crypto’s RWA Race Intensifies
Tokenized versions of U.S. Treasuries grew nearly seven-fold so far in 2023 as competition between investment offerings and blockchain venues intensified.