Business
On-chain fees for Bitcoin transactions have surpassed those on Ethereum for the first time in three years.
DeFi
Decentralized exchange dYdX grapples with a significant loss from its insurance fund following a sophisticated attack targeting the Yearn Finance (YFI) token market.
Regulation
Peter Van Valkenburgh from Coin Center scrutinizes the IRS’s proposed broker rule and the Bank Secrecy Act, underscoring the threat to developer rights and user privacy.
The crypto exchange introduced an on-chain payments protocol as part of a large upgrade to its Coinbase Commerce product.
Bitcoin
Stablecoin issuer Tether plans to invest half a billion dollars in building its own Bitcoin mining facilities and other miners across the world.
The research and advocacy group, Coin Center, is also planning an appeal.
The potential acquisition comes as Valkyrie’s spot bitcoin ETF awaits approval by the SEC.
The third-quarter purchase included 282,673 shares that have since gained about 40% in value.
The sale of the real-world asset-backed securities to institutional investors will happen next week.
The move aligns with BlackRock’s growing focus on digital assets, as indicated by its earlier Bitcoin ETF proposal and Larry Fink’s appearances.
