Genesis to Shutter Crypto Trading Desk for U.S. Market
Genesis Global Trading will halt its crypto OTC desk later this month.
Crypto Casino Stake Targeted in Reported $40M Exploit
The cryptocurrency gambling and sports betting website stake has been targeted by a private key exploit, with on-chain analyst Cyvers reporting that $16 million has been withdrawn on the Ethereum network.
Singapore’s New President, a Former Central Bank Chairman, Has Called Crypto ‘Slightly Crazy’
Tharman Shanmugaratnam, who has previously called crypto “purely speculative” and “slightly crazy,” was officially elected as Singapore’s president early Saturday morning.
Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg
Bragg said the Labor government had put regulating crypto in the slow lane.
First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
What Can DAOs Learn From Partisan Politics?
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Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend
The native token of decentralized liquidity platform Synthetix (SNX), rose by 12.5% during European hours on Monday following significant outflows on Binance.
Crypto ETF Opportunity Doesn’t Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein
The industry push for an ether spot ETF will follow immediately after a bitcoin ETF approval since ETH has a similar market structure of a traded CME futures market and a spot market, the report said.
SEC Hasn’t Met Requirements to Argue for an Appeal, Ripple Says
Ripple made its case to a federal judge for why the U.S. Securities and Exchange Commission shouldn’t be able to appeal her ruling on its programmatic sales of XRP on Friday.
Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers
The accumulation by BTC whales suggests optimism among large investors, IntoTheBlock’s head of research noted.