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A Kraken executive denied the exchange plans to delist Tether’s USDT stablecoin in Europe on May 18.
Global Head of Asset Growth...
The US Bankruptcy Court for the Southern District of New York has approved the $2 billion settlement between Genesis Global and the New York Attorney General and confirmed the Amended Plan of Reorganization for the defunct company and its subsidiaries.
The settlement aims to compensate defrauded investors, including 29,000 New Yorkers who invested over $1.1 billion through the Gemini Earn program...
Polimec, a decentralized and community-driven funding parachain, has officially launched on Polkadot and is set to begin its first project evaluation, according to a May 20 statement shared with CryptoSlate.
The platform evaluates Web3 projects for potential fundraising, aiming to bring transparency, accessibility, and regulatory compliance to the process.
Polimec’s launch marks a new era in...
Quick Take
Capriole Investments’ derivatives data offers a unique lens into Bitcoin’s market health. By analyzing Bitcoin perpetual, futures, and options weighted by open interest, Capriole defines a metric that provides valuable insights.
Higher values on this metric indicate bearishness, signaling excessive leverage and speculation in the market. Conversely, lower values suggest bullishness,...
US billionaire Frank McCourt is leading a consortium to acquire TikTok and decentralize it using the Decentralized Social Networking Protocol (DSNP) from Project Liberty.
TikTok, boasting over 170 million users, is being pressured by the US government to sell due to national security concerns and purported links to the Chinese government.
McCourt’s initiative, termed the “people’s bid,”...
Quick Take
Metaplanet Inc. is taking a bold step towards embracing Bitcoin as part of its corporate strategy. On April 26, the company announced it had purchased up to 1 billion Yen worth of Bitcoin, outlining its approach to adopting the digital asset.
The market has responded favorably to Metaplanet’s Bitcoin move. As of May 20, the company’s share price has soared, up 17% on the day and an...
Digital asset investment products inflows jumped by 616% week-on-week to $932 million last week, according to CoinShares’ weekly report.
This marks the second consecutive week of inflows this month and a return to the impressive numbers recorded during the early period of this year.
James Butterfill, CoinShares’ head of research, explained that the substantial inflows were “an immediate response...
Grayscale Investments, the world’s largest crypto asset manager, announced the appointment of Peter Mintzberg as its new Chief Executive Officer, effective August 15, 2024. Mintzberg will succeed Michael Sonnenshein, who stepped down from the position after a decade with the firm to pursue other interests.
During his tenure as CEO, Sonnenshein guided Grayscale from $60 million to approximately $...
Crypto exchange Gemini said its defunct Earn product users will begin receiving approximately 97% of their frozen digital assets by the end of this month.
According to a recent statement, the exchange clarified:
“As a reminder, the initial distributions will be in kind. This means, for example, that if you had lent one bitcoin in the Earn program (as of November 16, 2022 — the date Genesis...
Quick Take
Historically, deposits onto exchanges tend to outpace withdrawals, with one notable exception in the past five years occurring during the FTX collapse in November 2022 when withdrawals spiked.
Typically, Bitcoin deposit surges correlate with price run-ups, as investors look to sell their holdings. This was evidenced by the over 90,000 BTC deposited onto exchanges in a single day during...