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Top #CryptoNews In Last 12 Hours

1️⃣#Genesis Global Holdco holds $1.6B shares in #Grayscale Trusts, permitted to liquidate $1.3B GBTC shares by court.

2️⃣#PlayDapp hit by two #hacks in a week, losing $290M PLA tokens, prompting swift response and ongoing communication with hacker.

3️⃣ #Revolut considers listing #Solana meme coin #Bonk, plans massive token distribution in "Learn and Earn" campaign.

4️⃣SEC Chair #Gensler's recent interview didn't shed light on #EthereumETF approvals, causing uncertainty in the #cryptomarket

5️⃣#Coinbase shares surged 37% amid #Bitcoin's rise, ahead of strong Q4 earnings. Analysts predict revenue boost and increased trading volumes.

6️⃣#Bakkt secures regulatory approval for $150M securities sale after declaring financial ability to continue.

7️⃣Sean McBride, ex-Ripple director, suggests #XRP could become a #stablecoin, World Bank's recognition stirs speculation. Ripple prioritizes XRP utility.
Breaking: Hong Kong's Crypto Crackdown on Over the counter(OTC) #crypto outlets #CryptoNews

🔵As per Recent Press Release by DL News Hong Kong considers crackdown on #cryptotrading shops amid concerns over fraud and illegal activities.

🔵Proposed regulations would require licenses, local offices, and transparent transaction data from OTC shops.

🔵The initiative aims to subject OTC outlets to Anti-Money Laundering and Counter-Terrorist Financing Ordinance #regulations.

🔵Traders would need licenses, disclose ownership, while peer-to-peer trading remains outside regulatory scope.
🔵 #Bitcoin (BTC) maintains stability above $52,000, with the global market cap nearing $2 trillion.

🔵Other major #cryptocurrencies, including #Ethereum (ETH), #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC), show gains.

🔵 #VeChain (VET) sees the largest increase, with a 24-hour jump of over 23%.

🔵 #BEAM reverses its previous gains, becoming the biggest loser with a 24-hour dip of over 5%.

🔵 The global #cryptomarket cap is at $1.97 trillion, with a 24-hour gain of 0.74%.
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🔵 Joe Burnett, a senior product marketing manager at a #Bitcoin financial services firm, suggests #MicroStrategy should pursue an S&P 500 listing.

🔵 If successful, MicroStrategy's inclusion in the S&P 500 could lead to widespread Bitcoin exposure in various #ETF portfolios.

🔵 This exposure would extend to traditional investment vehicles like 401k plans, pension funds, and typical 60:40 #investment portfolios.

🔵Burnett believes this move could trigger a significant positive impact, creating a widespread adoption of Bitcoin within ETF portfolios.

#Cryptocurrency #CryptoNews
Top #CryptoNews In Last 12 Hours

1️⃣#Fed's Christopher Waller says #cryptocurrencies are growing quickly and might challenge dollar dominance, but it's unlikely due to the popularity of U.S. dollar #stablecoins.

2️⃣Joe Burnett, a manager at a #Bitcoin financial company, suggests #Binance MicroStrategy should join S&P 500, needing $3.7B more market cap; could boost Bitcoin exposure in portfolios.

3️⃣Galaxy Digital's research indicates #Bitcoinhalving in April could cause 20% #mining power shutdown due to the reduced block rewards, impacting profits.

4️⃣#Uniswap Foundation plans to launch Uniswap v4 in Q3 2024 after #Ethereum's #Dencun upgrade in March 2024.

5️⃣Mad Lads' Backpack Exchange hit $300M trading in 24 hours, propelled by exchange popularity and #Solana #blockchain potential.

6️⃣#VeChain's price surged 35% in 24 hours,leading among top #cryptocurrencies, Positive sentiment, AA implementation, MWC 2024 event fuel momentum. Analysts predict further growth.