Regulation
The vastly different—and mutually exclusive—conclusions that the SEC, CFTC, and DOJ have come to about MNGO have exacted a real cost on the growth of the U.S. crypto industry.
Business
Abra on Wednesday disclosed it was launching its first SEC-registered RIA, designed to cater to accredited investors, moving away from its retail roots.
Experts say the rejection may have already been priced in and that the official announcement may turn out to be a “neutral event.”
Ethereum
Options data tells us a fair bit about the sentiment in crypto markets and downside skew in ETH risk reversals suggests traders are betting on a lower ether price.
Solana
Ore might have been the victim of its own success, after becoming one of the most used projects on Solana by transaction count, which in turn could have contributed to the congestion on the network.
Bitcoin
Not only did perpetual traders take profits, but bitcoin’s largest holders all reduced the rate at which they were acquiring BTC.
As Starknet’s transaction rates fall and its STRK token value has halved post-airdrop, the network faces critical challenges in maintaining user interest and network vitality.
Institutional investors reduced exposure to crypto investment products last week, as ETF activity dipped to 31% of total volumes.
OKX’s 50 million users can withdraw tokens from the exchange to its “X Layer” to transact on onchain applications built on the layer 2 scaling solution.
Inflows into Hong Kong’s newly-approved bitcoin and ether ETFs could be hindered by regulations barring mainland China investors from purchasing them.
