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#KuCoin #regulation

KuCoin to Pay $22 Million, Exit NY Market to Resolve Crypto Suit

The settlement, in which KuCoin also agreed to stop trading securities and commodities in New York, comes as U.S. regulators and law enforcement agencies crack down on fraud, money laundering and inadequate investor protections in the cryptocurrency space.

RTRS

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#COIN

Coinbase and Coinbase Asset Management announce Project Diamond, a smart contract-powered platform for institutions to create, buy, and sell digitally native assets.

Project Diamond, a smart contract-powered platform designed by seasoned asset managers for institutions to seamlessly create, buy, and sell digitally native assets, has launched with the execution of the first debt instrument on the platform, in preparation to enter the Abu Dhabi Global Market (“ADGM”) RegLab sandbox. The platform leverages the Coinbase technology stack and Base to deliver secure, compliant, capital market activity that will continue to unlock institutional adoption of the global cryptoeconomy.

COIN

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#BLK

⌛️

BlackRock's Bitcoin ETF Now Invites Participation from Wall Street Banks

A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency, essentially opening the door to banks who cannot hold crypto directly.

As highly regulated U.S. banks are unable to hold bitcoin themselves, this set-up would enable the likes of JPMorgan or Goldman Sachs – firms with some of the largest balance sheets in the world – to act as APs to BlackRock's ETF.

The cash APs use in this process can then be exchanged into bitcoin by an intermediary and warehoused by the ETF's custody provider, as per a memo filing relating to a Nov. 28 meeting involving the U.S. Securities and Exchange Commission, BlackRock and Nasdaq.

CD

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#ID #DWF

From: Binance (0x21a)
To: DWF Labs (0xddA)
Value: 4,999,964 SPACE ID ($1,346,815.30)

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#MSFT #AI

AI + nuclear energy... Okay...

Microsoft Targets Nuclear to Power AI Operations

Microsoft Is Experiment With AI to Expedite Lengthy Nuclear Regulatory Process

Microsoft is betting nuclear power can help sate its massive electricity needs as it ventures further into artificial intelligence and supercomputing.

The technology industry's thirst for power is enormous. A single new data center can use as much electricity as hundreds of thousands of homes. Artificial intelligence requires even more computing power.

Nuclear power is carbon-free and, unlike renewables, provides round-the-clock electricity. But it faces significant hurdles to getting built, including the daunting and expensive U.S. nuclear regulatory process for project developers.

WSJ

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#whales

🤝

2,090,758 #SOL (143,165,616 USD) transferred from unknown wallet to #Coinbase

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Other:

Coinbase co-founder Fred Ehrsam sells $13 million #COIN shares
ARK Invest had offloaded some 10,933 COIN shares valued at around $1.5M.

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#DYDX #nice

Place a limit order in a flash on dYdX Chain

DYDX

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#SSV

Ethereum staking network SSV launches permissionless mainnet

SSV network, an Ethereum staking infrastructure provider, has released its permissionless mainnet, becoming the first project to achieve this milestone using "distributed validator technology" or DVT.

DVT enables Ethereum validators to share responsibilities with multiple parties, preventing single points of failure and improving overall resilience. With SSV Network's permissionless launch, anyone will be able to stake and contribute to the overall health of Ethereum, the project said.

TB

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#TIA

Celestia to integrate data availability layer with Polygon CDK

Celestia will integrate its data availability layer with Polygon Labs’ chain development kit.

Layer 2 projects using Polygon CDK, including OKX and Immutable, will be able to access the DA to reduce transaction costs.

TB

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#WLD

See you tomorrow 🫡

WLD

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#CoinbaseAssets

Asset added to the roadmap today: Bonk (#BONK)

Coinbase

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#okx #animoca

Animoca Brands Boosts 'Mocaverse' Funding to $31.88 Million With Dapper, Polygon Onboard

Ethereum NFT-based digital identity and loyalty platform Mocaverse will connect metaverse game worlds, apps, and other Web3 projects.

Prominent metaverse investor and blockchain game publisher Animoca Brands has raised an additional $11.88 million for its metaverse project Mocaverse, the company announced Thursday. This second tranche of funding comes after Animoca garnered $20 million for Mocaverse in September.

Participants in the latest raise include blockchain investment firms Block1, OKX Ventures, Foresight Ventures, and Polygon Ventures, as well Dapper Labs. Animoca issued the new shares at $4.50 apiece and granted utility token warrants to investors.

Decrypt

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#zhusu #3ac

3AC founder Zhu Su is set to be released this month based on standard provisions for good behavior. The two-day court hearing this week required Zhu to respond to lawyers for the liquidator, including how the fund failed and the whereabouts of assets.

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Earlier today, Zhu Su:

What doesnt kill you makes you stronger 🐂

BBG | Zhu Su

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#Arkinvest #COIN

Ark Invest sold another 82,255 Coinbase shares on Tuesday — worth around $11.5 million — from three of its funds.

Still holding ~$45M of shares…

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