Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC
Cryptocurrency exchange Gemini has sued lending firm Genesis Global over 60 million GBTC shares that were pledged as collateral for Gemini’s Earn users.
Finance
Binance Founder CZ’s Wealth Falls About $12B as Trading Revenue Slumps: Bloomberg
Changpeng Zhao’s wealth dropped to $17.2 billion from a previous estimate of $29.1 billion.
Hi’s Mastercard Debit Card Adds Option to Spend Sandbox’s Token SAND
Cardholders of the hi Debit Mastercard, a partnership between crypto payments application hi and Mastercard, can now spend Metaverse platform Sandbox’s SAND token as a currency in eligible markets.
Crypto Assets Under Management Jump to $31.7B; SOL-Based Products Rise 74%: CCData
Bitcoin-based products have increased their market share to 73.3% from 70.5% amid optimism over the possible approval of a spot-price exchange-traded fund.
Crypto for Advisors: ETH Futures ETFs and What’s Next
Today in Crypto for Advisors Roxanna Islam from VettaFi discusses the current crypto ETF market with a focus on Eth futures performance.
Pepecoin Doubles to $500M Market Cap as Memecoin Fever Steals Bitcoin’s ETF Thunder
The price of pepe [PEPE], one of the many memecoins that spawned out of crypto winter, has doubled in a week as traders anticipate the etchings of a bitcoin [BTC] spot ETF-induced bull market.
JPMorgan Handles $1B Transactions Daily In Digital Token JPM Coin: Bloomberg
JPMorgan has plans to widen the coin’s usage the bank’s head of payments Takis Georgakopoulos said in an interview.
Deutsche Bank and Standard Chartered Test SWIFT Killer for Stablecoins and CBDCs
The UDPN currently comprises about 25 organizations, including banks from the U.S, Australia, Latin America and Europe, running around ten proof-of-concept tests in parallel.
FTX Cold Wallets Move $19M in Solana, Ether to Crypto Exchanges
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
Mastercard Teams Up With MoonPay for Web3 Push
MoonPay will incorporate compliance-friendly Mastercard’s Crypto Credential system and integrate payments tech like Mastercard Send and Click to Pay, according to a blog post.