GM. New week - new shit. Shortly about the situation in the market. But there's good news, there's not much shit left, and as a rule Desperation characterizes the bottom...
Some news:
FTX hacker accumulates ETH and BTC. And he sells ETH if possible.
Also:
FTX Accounts Drainer 1 who holds ~$235.5M worth of $ETH has climbed to the 36th largest holder of $ETH (from 37th)
——
Intrigue of the week - is #DCG solvent?
• #Grayscale doesn't publish Proof-of-Reserve. Personally we don't think it's a problem because Coinbase confirms that the stated amount of coins is really stored with them [635k BTC, 3 mln ETH, etc.] No matter how we feel about Coinbase especially about listings and insider trading, we have to admit that it is the most trusted player in the market.
• The other question is how bad #Genesis is doing and how that might affect DCG. We'll find out in the near future.
Before:
• Genesis had loaned more than $2.3 billion to Three Arrows, according to a July court filing. Genesis' parent, DCG, filed a claim for $1.2 billion against Three Arrows.
• Genesis had almost $3 billion in total active loans at the end of the third quarter.
• Crypto Lender Genesis Had Sought Emergency Loan of $1 Billion
• And it was Coindesk [owned by DCG] that published the Alameda report that started it all…
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🪆Перевод
Some news:
FTX hacker accumulates ETH and BTC. And he sells ETH if possible.
Also:
FTX Accounts Drainer 1 who holds ~$235.5M worth of $ETH has climbed to the 36th largest holder of $ETH (from 37th)
——
Intrigue of the week - is #DCG solvent?
• #Grayscale doesn't publish Proof-of-Reserve. Personally we don't think it's a problem because Coinbase confirms that the stated amount of coins is really stored with them [635k BTC, 3 mln ETH, etc.] No matter how we feel about Coinbase especially about listings and insider trading, we have to admit that it is the most trusted player in the market.
• The other question is how bad #Genesis is doing and how that might affect DCG. We'll find out in the near future.
Before:
• Genesis had loaned more than $2.3 billion to Three Arrows, according to a July court filing. Genesis' parent, DCG, filed a claim for $1.2 billion against Three Arrows.
• Genesis had almost $3 billion in total active loans at the end of the third quarter.
• Crypto Lender Genesis Had Sought Emergency Loan of $1 Billion
• And it was Coindesk [owned by DCG] that published the Alameda report that started it all…
——
🪆Перевод
#BarrySilbert #grayscale #DCG
If Grayscale’s Bitcoin ETF Dreams Fail, Firm May Try a Tender Offer, CEO Says
These options could include a tender offer for up to 20% of the outstanding shares of the $10.7 billion trust, Grayscale Chief Executive Michael Sonnenshein said in a letter to investors viewed by The Wall Street Journal. A tender offer would make a direct appeal to shareholders to sell—or tender—their shares at a specific price during a certain time.
——
Also:
Grayscale CEO: "Grayscale products, including GBTC, remain safe, secure, and unencumbered."
"We remain steadfast in our belief that the conversion of GBTC to an ETF is in the best interest of investors, and we remain 100% committed to that endeavor."
• Barry Silbert • WSJ
——
🪆Перевод
If Grayscale’s Bitcoin ETF Dreams Fail, Firm May Try a Tender Offer, CEO Says
These options could include a tender offer for up to 20% of the outstanding shares of the $10.7 billion trust, Grayscale Chief Executive Michael Sonnenshein said in a letter to investors viewed by The Wall Street Journal. A tender offer would make a direct appeal to shareholders to sell—or tender—their shares at a specific price during a certain time.
——
Also:
Grayscale CEO: "Grayscale products, including GBTC, remain safe, secure, and unencumbered."
"We remain steadfast in our belief that the conversion of GBTC to an ETF is in the best interest of investors, and we remain 100% committed to that endeavor."
• Barry Silbert • WSJ
——
🪆Перевод
WSJ
If Grayscale’s Bitcoin ETF Dreams Fail, Firm May Try a Tender Offer, CEO Says
CEO Michael Sonnenshein is attempting to assuage the fears of Grayscale Bitcoin Trust investors following the collapse of crypto exchange FTX.
#grayscale #valkyrie #TRX
Justin Sun seems to have decided to play hardball…
Valkyrie Unveils Proposal for Grayscale’s Troubled Bitcoin Trust (GBTC)
It is time for a change, Valkyrie says amid GBTC’s discount
Valkyrie is looking for GBTC redemptions at net-asset value
——
Also:
Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie
Sun has also said he’s one of Valkyrie’s biggest shareholders.
• Bloomberg • The Block | Sun
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🪆Перевод
Justin Sun seems to have decided to play hardball…
Valkyrie Unveils Proposal for Grayscale’s Troubled Bitcoin Trust (GBTC)
It is time for a change, Valkyrie says amid GBTC’s discount
Valkyrie is looking for GBTC redemptions at net-asset value
——
Also:
Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie
Sun has also said he’s one of Valkyrie’s biggest shareholders.
• Bloomberg • The Block | Sun
——
🪆Перевод
#rumor #grayscale #DCG
Barry is not a fool...
DCG and Grayscale have been offered nearly $2B for the Grayscale Trusts assets and brand.
three separate offers have been proposed by one public and two private entities.
all three offers were quickly and summarily rejected.
DCG/Genesis owes $3.5B to creditors.
——
Before:
Sources expect Fidelity to either make a bid for Grayscale or quickly launch their own spot #bitcoin ETF. One or both are coming, soon.
——
Also:
GBTC trading volume spikes 400% after BlackRock files for Bitcoin ETF
*GN😒
• Anrdew | GBTC
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🪆Перевод
Barry is not a fool...
DCG and Grayscale have been offered nearly $2B for the Grayscale Trusts assets and brand.
three separate offers have been proposed by one public and two private entities.
all three offers were quickly and summarily rejected.
DCG/Genesis owes $3.5B to creditors.
——
Before:
Sources expect Fidelity to either make a bid for Grayscale or quickly launch their own spot #bitcoin ETF. One or both are coming, soon.
——
Also:
GBTC trading volume spikes 400% after BlackRock files for Bitcoin ETF
*GN
• Anrdew | GBTC
——
🪆Перевод
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Twitter
UPDATE: DCG and @grayscale have been offered nearly $2B for the @Grayscale Trusts assets and brand.
**three separate offers have been proposed by one public and two private entities.
**all three offers were quickly and summarily rejected.
DCG/Genesis…
**three separate offers have been proposed by one public and two private entities.
**all three offers were quickly and summarily rejected.
DCG/Genesis…
#grayscale #SEC #BIG
US FEDERAL APPEALS COURT RULES US SECURITIES AND EXCHANGE COMMISSION WAS WRONG TO REJECT APPLICATION FROM GRAYSCALE FOR SPOT BITCOIN ETF
• Doc • grayscale
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🪆Перевод
US FEDERAL APPEALS COURT RULES US SECURITIES AND EXCHANGE COMMISSION WAS WRONG TO REJECT APPLICATION FROM GRAYSCALE FOR SPOT BITCOIN ETF
• Doc • grayscale
——
🪆Перевод
www.docdroid.net
D.C.-Cir._22-1142_01208547571_0.pdf
USCA Case #22-1142. Document #2014526. Filed: 08/29/2023. Page 1 of 1. United States Court of Appeals FOR THE DISTRICT OF COLUMBIA CIRCUIT. No. 22-1142. September Term, 2022 FILED ON: AUGUST 29, 2023. GRAYSCALE INVESTMENTS, LLC, PETITIONER v. SECURITIES AND…
#markets #COIN #BTC
💪 💪
Also:
#GRAYSCALE BITCOIN TRUST JUMPS 17%, MOST INTRADAY SINCE JUNE 16
——
Next station Friday - ETF decision…
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🪆Перевод
Also:
#GRAYSCALE BITCOIN TRUST JUMPS 17%, MOST INTRADAY SINCE JUNE 16
——
Next station Friday - ETF decision…
——
🪆Перевод
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Hi all friends, a bit busy these days, but the debilitating flat market continues as well....
The random pumping of DWF-coins and other shitcoins continues...
Today we will make a small announcement, but first some news...
→ #VitalikButerin took offense at #MKR, after their CEO's statement about DAI's possible transition to the NewChain [fork of SOL blockchain]…
Vitalik sold his stake of 500 MakerDAO tokens today on CoW Protocol, receiving 353 ETH worth about $580,000 in return… But the whales are buying MKR...
Vitalik also promoted a new stablecoin - #RAI…
#DAI’s circ. supply - 3.9 bln.
The Great Stablecoins War is wider than it seemed....
→ #GALA Games CEO sues co-founder alleging $130 million theft, pattern of deception... Classic
→ New day - new #hack... Now it's the #Stake platform... Total damage ~$16 mln…
→ #Arkham continues to de-anonymize the blockchain, admittedly quite successfully…
Arkham has identified the #Grayscale Ethereum Trust on chain. It is now the second largest #ETH entity globally with $5B.
→ #ElonMusk revealed that he has been quietly funding the development of #DOGE... Did anyone else doubt that?
• Vitalik • RAI • Whales | GALA • Stake • ARKM | DOGE
——
🪆Перевод
The random pumping of DWF-coins and other shitcoins continues...
Today we will make a small announcement, but first some news...
→ #VitalikButerin took offense at #MKR, after their CEO's statement about DAI's possible transition to the NewChain [fork of SOL blockchain]…
Vitalik sold his stake of 500 MakerDAO tokens today on CoW Protocol, receiving 353 ETH worth about $580,000 in return… But the whales are buying MKR...
Vitalik also promoted a new stablecoin - #RAI…
#DAI’s circ. supply - 3.9 bln.
The Great Stablecoins War is wider than it seemed....
→ #GALA Games CEO sues co-founder alleging $130 million theft, pattern of deception... Classic
→ New day - new #hack... Now it's the #Stake platform... Total damage ~$16 mln…
→ #Arkham continues to de-anonymize the blockchain, admittedly quite successfully…
Arkham has identified the #Grayscale Ethereum Trust on chain. It is now the second largest #ETH entity globally with $5B.
→ #ElonMusk revealed that he has been quietly funding the development of #DOGE... Did anyone else doubt that?
• Vitalik • RAI • Whales | GALA • Stake • ARKM | DOGE
——
🪆Перевод
Newsmaker.сlub
Hi all friends, a bit busy these days, but the debilitating flat market continues as well.... The random pumping of DWF-coins and other shitcoins continues... Today we will make a small announcement, but first some news... → #VitalikButerin took offense…
#arkham #grayscale
Arkham keeps digging...
Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain.
It is the 2nd largest BTC entity globally, holding >$16B of BTC.
Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust.
Their Bitcoin Trust holdings are spread across >1750 different addresses, with each holding no more than 1000 BTC.
• ARKM
——
🪆Перевод
Arkham keeps digging...
Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain.
It is the 2nd largest BTC entity globally, holding >$16B of BTC.
Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust.
Their Bitcoin Trust holdings are spread across >1750 different addresses, with each holding no more than 1000 BTC.
• ARKM
——
🪆Перевод
X (formerly Twitter)
Arkham (@ArkhamIntel) on X
Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain.
It is the 2nd largest BTC entity globally, holding >$16B of BTC.
Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust.
It is the 2nd largest BTC entity globally, holding >$16B of BTC.
Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust.
#ETH #ETF
Ethereum on the move…
NYSE Arca Files Form 19b-4 to Convert #Grayscale® Ethereum Trust to an ETF
ETHE launched in March 2019, and has grown into the largest Ethereum investment vehicle in the world, with AUM of nearly $5B [~3M ETH], representing 2.5% of all $ETH in circulation. The product is held by more than a quarter of a million American investor accounts.
——
Also:
→ #VanEck Launches #EFUT, the Only Ethereum Futures ETF Structured as a C-Corp.
→ #AETH and #BTOP, Two First-of-Their-Kind Ethereum Futures ETFs From #Bitwise, Launch Today
→ #UBS taps Ethereum to pilot tokenized money market fund
UBS Mcap - $80B
• Grayscale • 5B | EFUT • Bitwise • UBS
——
🪆Перевод
Ethereum on the move…
NYSE Arca Files Form 19b-4 to Convert #Grayscale® Ethereum Trust to an ETF
ETHE launched in March 2019, and has grown into the largest Ethereum investment vehicle in the world, with AUM of nearly $5B [~3M ETH], representing 2.5% of all $ETH in circulation. The product is held by more than a quarter of a million American investor accounts.
——
Also:
→ #VanEck Launches #EFUT, the Only Ethereum Futures ETF Structured as a C-Corp.
→ #AETH and #BTOP, Two First-of-Their-Kind Ethereum Futures ETFs From #Bitwise, Launch Today
→ #UBS taps Ethereum to pilot tokenized money market fund
UBS Mcap - $80B
• Grayscale • 5B | EFUT • Bitwise • UBS
——
🪆Перевод
GlobeNewswire News Room
NYSE Arca Files Form 19b-4 to Convert Grayscale® Ethereum Trust to an ETF
The filing reflects Grayscale’s ongoing commitment to converting its entire family of crypto investment products to ETFs...