Author: American Coins & Gold

First Mover Americas: Grayscale’s GBTC Discount Narrows to 10%
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Hacker Steals M in Tether From Wallet Linked to Binance Deployer
A hacker seemingly stole $27 million worth of tether [USDT] from a wallet linked to the Binance deployer over the weekend, according to blockchain analyst ZachXBT.

Grayscale's Solana Trust Trades at 869% Premium as Institutions Flock to SOL
Grayscale’s Solana Trust (GSOL) is trading at $202 a share following a 653% rise since the start of September. The Trust’s underlying asset, SOL, has trebled to $58 in the same period.

Bitget's Hong Kong Unit Halts Operations, Won't Apply for Crypto License
BitgetX HK, which launched in April, is withdrawing from Hong Kong and will shut operations on Dec. 13.

Cathie Wood's ARK Sold M of Grayscale Bitcoin Trust Shares Amid Rally
ARK offloaded 201,047 GBTC shares, worth around $5.9 million, from its Next Generation Internet ETF.

Genesis, Three Arrows Capital Reach Agreement on B of Claims
The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to defunct hedge fund 3AC.

Crypto Exchange Bithumb Plans South Korea IPO in Second-Half 2025: Report
Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market.

Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets
Prices on the major cryptocurrencies stabilized after a rally at the end of the U.S. trading week, while crypto winter continues to thaw in every part of the market from bitcoin to ether and DEXs.

The Crypto Market Rally Looks Overdone, JPMorgan Says
Digital assets have seen strong gains in the last month due to excitement about the potential approval of bitcoin spot ETFs, but this bullish sentiment may be misplaced, the report said.

We've Seen the FTX Collapse Before