Crypto custodian Prime Trust files for bankruptcy protection — link
WSJ
Crypto Custodian Prime Trust Files for Bankruptcy Protection
The firm has a shortfall of millions of dollars of customer funds.
Former FTX exec Salame to plead the fifth about campaign finance schemes — link
The Block
Former FTX exec Salame to plead the fifth about campaign finance schemes
Ryan Salame plans not to testify at Sam Bankman-Fried's criminal trial regarding alleged illegal campaign donation schemes.
The short-term correlation between Nasdaq tech stocks and Bitcoin has turned positive, indicating the two are moving more in step — link
Europe's first spot Bitcoin ETF lists in Amsterdam — link
CoinDesk
Europe's First Spot Bitcoin ETF Lists in Amsterdam
Jacobi first won approval for the fund in October 2021 with plans to list it in 2022. However the firm opted to push back its plans due to inopportune circumstances elsewhere in the digital asset market.
DeFiance Capital’s $140 million dispute with 3AC liquidators will be heard in Singapore — link
The Block
DeFiance Capital’s $140 million dispute with 3AC liquidators will be heard in Singapore
Arthur Cheong's DeFiance Capital is arguing that its funds should be treated outside of the Three Arrows Capital estate.
1inch Fusion mode has surpassed $10B in total trading volume, with an increase of $231.07M in just the past week — link
Crypto market maker GSR scales back, CFO and other top executives depart — link
The Block
Crypto market maker GSR scales back, CFO and other top executives depart
The crypto industry’s oldest market maker GSR is pulling back from trading on U.S. venues while key executives have departed.
Coinbase secures approval to bring federally regulated crypto futures trading to eligible US customers — link
Coinbase
Coinbase Financial Markets, Inc. secures FCM Approval to bring regulated crypto futures trading to eligible US customers
Coinbase Financial Markets, Inc. has secured regulatory approval from the National Futures Association (NFA).
North Korean hackers stole over $180 million in crypto during H1 2023: report — link
The Block
North Korean hackers stole over $180 million in crypto during H1 2023: report
South Korea’s official intelligence agency said North Korean hackers remain a threat, local media reported.
Genesis, FTX strike deal for $175m bankruptcy claim — link
Coindesk
Genesis, FTX Strike Deal for $175M Bankruptcy Claim
Though a sharp drop from the $4 billion originally claimed, lawyers hope it will let them get on with winding up estates.
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Federal Reserve issues enforcement action against FTX-linked bank — link
The Block
Federal Reserve issues enforcement action against FTX-linked bank
A bank linked to FTX changed its business plan without letting supervisors know, the Federal Reserve said in an enforcement action.
SpaceX wrote down bitcoin holdings by $373 million: WSJ — link
The Block
SpaceX wrote down bitcoin holdings by $373 million: WSJ
SpaceX wrote down the value of bitcoin it held by a total of $373 million last year and in 2021, the WSJ reported.