Category: crypto

GraniteShares has delayed the launch of its 3x Long and 3x Short XRP Daily ETFs from April 23 to May 7, marking the fifth postponement in three weeks. This raises questions about whether the SEC will approve 3x leveraged crypto products under the same framework it used to reject similar products from ProShares in December…

OKX has integrated BitGo’s Off-Exchange Settlement platform for institutional clients in the United States, allowing firms to trade on OKX while keeping their assets in BitGo’s cold custody. This move aims to enhance capital efficiency for traders and institutions, reduce the need for pre-funding exchange accounts, and provide custody options outside the exchange. The integration…

FTX bankruptcy estate sold a 5% stake in Cursor for $200,000 in April 2023. This sale now seems undervalued as Cursor’s valuation has risen to $60 billion, making the stake potentially worth $3 billion. The sale has raised questions about FTX estate asset sales and potential missed gains for creditors.

Lido Labs requested the Lido DAO to approve the use of 2,500 stETH, valued at $5.8 million, to address the rsETH shortfall caused by the recent Kelp exploit. The exploit led to bad debt concerns in DeFi platforms, prompting recovery efforts from various projects like EtherFi and Aave. The proposal aims to contribute to a…

Jane Street is asking a U.S. court to dismiss a lawsuit accusing it of insider trading related to the TerraUSD collapse. The lawsuit alleges that Jane Street used non-public information to trade before UST lost its dollar peg in May 2022. Jane Street argues that trading decisions were based on public information and that the…

Succinct Labs launched ZCAM, an iPhone camera app that verifies photos and videos at the moment of capture by creating cryptographic fingerprints. The app targets AI-generated fake media risks and aims to provide proof of origin. The company raised $55 million in funding and offers other crypto tools like SP1.

Decentralized finance protocols have pledged over $101 million in Ether to stabilize rsETH after a $293 million exploit. Aave’s “DeFi United” relief effort has gathered commitments exceeding 43,500 Ether. Various organizations, including Mantle and EtherFi Foundation, have committed funds to help restore the backing of rsETH. Recovery efforts are ongoing, with freeze measures in place…

The U.S. Department of Justice has charged Army soldier Gannon Van Dyke for trading on Polymarket using classified information related to the capture of Nicolás Maduro. Van Dyke allegedly made over $400,000 from the trades. The case has raised concerns about insider trading on prediction markets and potential risks to national security.

The Trump administration plans to combat unauthorized copying of American artificial intelligence technology by foreign entities. The White House warned that foreign actors, mainly from China, are using proxy accounts and jailbreaking methods to extract capabilities from US AI models. This poses a threat to national security and economic power.

Morgan Stanley has launched a stablecoin reserve portfolio that allows issuers to place backing assets into its money market fund, earning yield without compromising liquidity. The fund, with a $10 million minimum and 0.15% fee, is compliant with the GENIUS Act and part of the bank’s digital asset strategy.