Category: Uncategorized

Why Tokenized Assets Are Safer During a Banking Crisis
Recent U.S. bank failures exposed a strange truth: depositing your money on-chain is safer than trusting banks to make good on your holdings, argues Copper’s Fadi Aboualfa.

Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.

What New York Can Learn From Hong Kong in Regulating Crypto
A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden.

OKX Overcomes FTX-Related Concerns Around Crypto Industry to Expand Sponsorship With Man City
Manchester City and OKX’s other partners have been auditing the exchange’s proof of reserves to ease concerns that it won’t go the same way as FTX.

First Mover Americas: Fidelity Joins the Rush for Spot Bitcoin ETF
The latest price moves in bitcoin (BTC) and crypto markets in context for June 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Citigroup Reviews Partnership With Metaco, in Talks With Other Crypto Custodians: Bloomberg
Banking giant Citigroup (C) is reviewing its partnership with crypto custody firm Metaco one month after Ripple Labs announced that it agreed to acquire Metaco for $250 million.

The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance
No new crypto rules are needed, said Aaron Kaplan, co-CEO of Prometheum Inc., and his company means to demonstrate it – even as the issuers whose tokens it seeks to trade say no thanks.

Investor Enthusiasm for Coinbase Shares May Prove Short-Lived: Berenberg
The crypto exchange is faced with several risks that could trigger a reversal of the stock’s recent gains, the report said.

Bitcoin Steady Near K After Options Expiry; Dollar Index Rises Before Key U.S. Inflation Data
With the expiry done, the supposed price magnet at $26,500 from the max pain point is gone and prices could resume the upward journey, a common pattern during the bull market days of 2021.

New Zealand is Not Exploring Crypto Regulation, but Recommends Increased Vigilance
After receiving 50 submissions as part of a consultation process, the Reserve Bank of New Zealand (RBNZ) has said it won’t propose a regulatory approach towards stablecoins and crypto-assets.