Jump Crypto is unnamed firm that made $1.28B from Do Kwon’s doomed Terra ecosystem — link
Coindesk
Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources
A complaint by the SEC against Do Kwon and Terraform Labs revealed an unnamed trading firm helped Kwon restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens.
Coinbase in talks to create a federally regulated crypto exchange — link
Twitter
SCOOP: Following implosion of @FTX_Official, @BradKatsuyama's @IEX is in talks w @coinbase to create a federally regulated crypto exchange, sources tell @FoxBusiness. Brad and @SBF_FTX met previously w @GaryGensler to seek approval talks progressed until…
Robinhood subpoenaed by SEC over brokerage’s crypto business — link
Bloomberg.com
Robinhood Subpoenaed by SEC Over Brokerage’s Crypto Business
Robinhood Markets Inc. said the Securities and Exchange Commission was probing its cryptocurrency business, in the latest signal that the regulator is drilling deeper into virtual asset platforms.
Justin Sun is the largest individual staked ether holder
⦁ His balance on Lido, the largest liquid-staking protocol, is now nearly $500 million
⦁ On Saturday, Lido saw a $240 million inflow in the form of 150,000 $ETH in a series of transactions evidently by Sun. It is its largest daily stake inflow to date
⦁ After that, Lido activated a new safety feature, the Staking Rate Limit (the daily cap is set at 150,000 ether)
⦁ The value of assets in liquid-staking protocols is $14.22 billion now, which is just behind the $19.32 billion at decentralized exchanges
⦁ Liquid staking has replaced the lending and borrowing business as the second-largest sector of DeFi, following several high-profile failures of companies in that sphere last year
⦁ Lido's total deposits now total $9.3 billion
⦁ His balance on Lido, the largest liquid-staking protocol, is now nearly $500 million
⦁ On Saturday, Lido saw a $240 million inflow in the form of 150,000 $ETH in a series of transactions evidently by Sun. It is its largest daily stake inflow to date
⦁ After that, Lido activated a new safety feature, the Staking Rate Limit (the daily cap is set at 150,000 ether)
⦁ The value of assets in liquid-staking protocols is $14.22 billion now, which is just behind the $19.32 billion at decentralized exchanges
⦁ Liquid staking has replaced the lending and borrowing business as the second-largest sector of DeFi, following several high-profile failures of companies in that sphere last year
⦁ Lido's total deposits now total $9.3 billion
SEC chair Gensler says crypto exchanges may not be 'qualified custodians' — link
CoinDesk
SEC Chair Gensler Says Crypto Exchanges May Not Be 'Qualified Custodians'
"Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is," the SEC chair said.
Bankrupt crypto lender Celsius re-opens withdrawals for certain custody accounts — link
CoinDesk
Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts
The firm paused withdrawals last June, citing extreme market conditions.
The worlds stupidest wannabe crypto "enforcer" attempts to make a name for herself by suing Kucoin and alleging that ETH is a security...
https://www.msn.com/en-ca/money/topstories/new-york-sues-kucoin-expands-cryptocurrency-crackdown/ar-AA18qBdq
https://www.msn.com/en-ca/money/topstories/new-york-sues-kucoin-expands-cryptocurrency-crackdown/ar-AA18qBdq
Euro share of BTC volumes has spiked in the last few days vs. USD. Up 3x since November as regulatory ambiguity continues to hurt the US — link
Circle reveals $3.3 billion exposure to Silicon Valley Bank
Silicon Valley Bank is one of 6 banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash
Silicon Valley Bank is one of 6 banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash
Binance has temporarily suspended auto-conversion of USDC to BUSD due to current market conditions, says it is a normal risk-management procedure
Binance Halts Deposit And Withdrawals For Its UK Users.
Crypto exchange Binance halted the services for its new users on Monday, and will suspend withdrawal and deposit transactions for all customers on May 22
Source
Crypto exchange Binance halted the services for its new users on Monday, and will suspend withdrawal and deposit transactions for all customers on May 22
Source
Ethereum developers set a target date of April 12 for its long-awaited Shanghai hard fork — link
The Block
Ethereum's next big upgrade Shapella expected to hit mainnet on April 12
The Shapella upgrade is due to take place on April 12 at 10:27 a.m. UTC, with epoch number 620,9536, Ethereum developers said.
Judge approves Celsius custody account settlement to return 72.5% of crypto assets — link
The Block
Judge approves Celsius custody account settlement to return 72.5% of crypto assets
Celsius custody account holders could see nearly three-quarters of the cryptocurrency in their custody accounts.
Tether estimates it will make $700 million profit in the March quarter — link
FxTwitter / FixupX
Arjun Kharpal (@ArjunKharpal)
EXCLUSIVE: Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin. Fiery comments from @paoloardoino as he tells me the firm estimates it made $700 million profit in the current quarter, adding to its reserves $USDT https:/…
MicroStrategy repaid its $205m Silvergate loan at a 22% discount and acquired 6,455 Bitcoins for approximately $150.0 million, at an average price of $23,238 per Bitcoin