Bitcoin
BlackRock’s Larry Fink suggested that investors put money into Bitcoin instead of gold to hedge against inflation.
Regulation
The country’s financial regulator will require all crypto firms in South Africa to operate with licenses before the end of the year.
The ProShares BITO fund saw over $26 million worth of inflows over the last week amid renewed optimism around the potential approval of a spot Bitcoin ETF.
Business
Trade data shows that major cryptocurrencies traded at a discount ranging between 2% and 5% on Binance.US last week.
The crypto exchange’s local offices were searched by Australia’s markets regulator as part of an investigation into its derivatives business.
The new token standard could reduce the cost of inscriptions for Bitcoin Ordinals by more than 90% and will make it possible to launch collections with an on-chain pre-reveal process.
Gemini cofounder Cameron Winklevoss took aim at DCG’s Barry Silbert in a second open letter shared on Twitter, accusing him of committing fraud and abusing the mediation process amongst other things.
An updated filing for BlackRock’s spot Bitcoin ETF includes a “surveillance sharing agreement” with crypto exchange Coinbase.
Kyle Davies said that he and his co-founders would donate proceeds from the new exchange business to creditors of the failed crypto hedge fund Three Arrows Capital (3AC).
NFTs
Blockchain analytics firm MetaSleuth found that Azuki DAO’s BEAN token was exploited due to a contract vulnerability.
