Coinbase Creates New Crypto Lending Service Geared Toward Large Investors
Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.
Finance
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stake has been targeted by a private key exploit, with on-chain analyst Cyvers reporting that $16 million has been withdrawn on the Ethereum network.
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.
Robinhood to Buy Back Sam Bankman-Fried’s Stake for $605.7M
The 55 million HOOD shares owned by Bankman-Fried and fellow FTX co-founder Gary Wang through Emergent Fidelity Technologies.
HashKey Capital’s $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters
Less than half of the fund’s investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
OKX Planning Web3 Foray Into India, Chief Marketing Officer Says
OKX, one of the biggest crypto exchanges by trading volume, is planning to enter India to explore potential Web3 applications.
Elon Musk’s X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto
Elon Musk’s social media platform X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states.
SEC Could Prepare Alternative Arguments to Reject Spot Bitcoin ETFs: Berenberg
Coinbase’s potential involvement in spot bitcoin ETFs could serve as part of the SEC’s reconfigured arguments for rejecting the applications, the report said.
Grayscale’s SEC Victory May Render Alameda’s Redemptions Lawsuit Unnecessary, Bloomberg Analysts Say
The ruling could lead to Grayscale’s GBTC converting into a bitcoin ETF, which would allow redemptions, making Alameda’s suit unnecessary, Bloomberg Intelligence analysts said in a note on Wednesday.