Business
Rather than creating competition for crypto, the NYSE operating overnight could increase trading volumes for both types of assets.
Nexyst Digital is gearing up to launch two new crypto vehicles in mid-May that seek to reduce volatility and risk by employing multiple managers.
Regulation
The Blockchain Association is suing the SEC over its enactment of rulemaking that expands the definition of a securities dealer to include those who act as liquidity providers in DeFi protocols.
The SEC is ordering Do Kwon and Terraform Labs to pay a cumulative $5.3 billion in disgorgement and civil penalties after a jury returned a guilty verdict on all counts earlier this month.
Bitcoin
BTC, Grayscale’s mini bitcoin ETF that’s awaiting regulatory approval, would impose a fee of just 15 basis points, the lowest among all its rivals. But that doesn’t mean it’s going to eat its predecessor’s lunch.
Figure Markets CEO Mike Cagney said he had received confirmation that the next round of the FTX estate’s locked SOL sales would take place via an auction, with more details to come on Monday.
Bitcoin’s average transaction fees reached a record $127.97 on April 20 — more than seven times the fee level seen on the day prior to the halving.
This new mining cycle is different from every previous one, because BTC’s price reached a new all-time high before the halving, as well as the presence of higher transaction fees stemming from experimental innovations.
Previous halvings have occurred in very different macro environments, meaning the latest occurence’s effect on bitcoin prices—and subsequent demand—could vary as well.
Bitcoin slipped under the crucial $60,000 price level late on Thursday, as risk assets sold off on news of Israel launching an attack on Iran.
