‘One-Stop Station’ Digital Identity Service Root Protocol Raises $10M Seed Funding
The funding rounds, which gave Root a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investors
First Mover Americas: Bitcoin Slips Over 15% Since ETF Approval
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Justin Sun’s HTX Services Restored After Exchange Hit by ‘DDoS’ Attack
Sun then followed up around 15 minutes later saying that all services on HTX had been restored
No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says
Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.
ARK Continues to Shuffle Out of BITO, Buys $15M of its Own ETF
Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says
An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.
Manta Network Hit by DDoS Attack Day After Token Issuance
The network’s MANTA token went live on Thursday and has reached a $550 million capitalization.
Ether Could Soar in 2024 on the Back of Dencun Upgrade, ETF Narrative: Analysts
The ether- bitcoin ratio has surged 10% in the first 19 days of the year, taking back part of last year’s 25% slide.
Crypto Bulls Lose $217M as Apparent Grayscale Sales Weighs on Bitcoin
Analysts also pointed out that GBTC shares flipped to a 0.9% discount on Thursday amid “likely selling pressure.”