What Happens to GBTC Discount When FTX Sells its Holdings?
It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.
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U.S. Lawmakers Lummis, Hill Urge DOJ Decision on Charging Binance, Tether for Aiding Hamas
U.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to “expeditiously conclude” investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas.
Bitcoin Primed for ‘Supply Shock’ as Exchange Balance Drops to 5-Year Low, Analyst Says
A spot ETF approval could fundamentally alter bitcoin’s supply and demand dynamics as professional investors would allocate to BTC as an uncorrelated asset, Forex.com’s Matt Weller told CoinDesk TV.
U.S. Senate’s Banking Chairman Says Panel to ‘Crack Down’ on Crypto’s Terrorism Ties
U.S. Sen. Sherrod Brown (D-Ohio) has said the Senate Banking Committee will “crack down on the use of crypto to fund terrorism and evade sanctions” at a time when the U.S. must stand with both Ukraine and Israel as they fight back against Russian President Vladimir Putin and Iranian-backed terrorists like Hamas.
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.
Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued
After Hamas’ deadly attacks in Israel, media reports linked the terrorist group with tens of millions in crypto donations, but that data was misinterpreted and hugely exaggerated, according to the blockchain analytical firm that was cited.
Sam Bankman-Fried’s Jurors Were Sent Home for the Day, but His Debut on the Stand Was Significant Anyway
Prosecutors rested their case on Thursday, so SBF’s defense lawyers are calling witnesses now.
Dollar/Yen Trading Volume Surpasses Bitcoin on DeFi Platform Gains Network
Gains Network, initially released on Polygon and later on Arbitrum, allows users to trade financial derivatives of cryptocurrencies, foreign exchange and commodities by matching buy-sell orders using smart contracts.
First Mover Americas: Deutsche Bank Trials a SWIFT Alternative for Stablecoins
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
UK Bill for Seizing Illicit Crypto Finally Becomes Law
The bill lets law enforcement freeze crypto without a conviction, promising faster and more substantial seizures.