Category: crypto

Sora Ventures and its affiliates took control of Bitcoin-focused HK Asia Holdings through new board appointments. The board now consists of twelve directors, including individuals from Sora Ventures, Bitcoin Magazine owner BTC Inc., and UTXO Management. This move signifies a shift from passive investment to direct operational management in the Hong Kong-based company.

Commissioner Hester Peirce suggests that the Commodity Futures Trading Commission (CFTC) rather than the Securities and Exchange Commission (SEC) should regulate memecoins in the US due to their increasing popularity, sparking discussions on the need for regulatory oversight.

Crypto.com has launched its crypto asset services in all European Economic Area states, following the grant of a full Markets in Crypto-Assets (MiCA) license. The company aims to expand its institutional services, including an upgraded trading platform and secure asset storage solutions for institutional clients in the US, Canada, and Singapore.

ZkLend, a decentralized lending protocol on Starknet, confirmed an exploit resulting in an estimated $9.5 million loss. They offered a 10% bounty for the return of stolen funds, urging the attacker to send back the remaining 90% by Feb. 14. ZkLend has suspended withdrawals and is investigating the breach with law enforcement.

Brian Quintenz, Head of Policy at a16z Crypto, has reportedly been chosen by Donald Trump to lead the Commodity Futures Trading Commission (CFTC). Quintenz previously served as a CFTC commissioner and has been influential in shaping policy strategies in the crypto industry. Industry figures have endorsed his nomination.

In 2024, centralized crypto exchanges saw trading volumes of $18.83 trillion, with Binance accounting for 39.0% of the volume. Crypto.com and Bybit also experienced significant growth. The report highlights a shift in market share among exchanges, with newer platforms eroding the dominance of established ones. Overall trading activity in 2024 has rebounded but remains below…

World Liberty Financial (WLFI) has introduced a strategic token reserve called Macro Strategy to strengthen its financial position and support digital assets like Bitcoin and Ethereum. The project aims to manage market fluctuations by diversifying its portfolio and plans to collaborate with traditional financial institutions to bridge the gap between decentralized and traditional finance. The…

Bank of England Governor Andrew Bailey expressed doubts about central bank digital currencies (CBDCs), emphasizing the need for central banks to maintain control over monetary transmission. Bailey highlighted the importance of preserving the existing financial framework and warned against undermining commercial banks. He also discussed the regulation of stablecoins and the potential impact of the…

Goldman Sachs reported over $2 billion in crypto exposure through Bitcoin and Ethereum ETFs as of Dec. 31 in its latest 13F form. The filing detailed significant increases in Bitcoin exposure, with $1.56 billion in Bitcoin and $476.5 million in Ethereum. The institution also reported options trading positions and closed previous exposures.

Tether introduced the Legacy Mesh system to connect USDT and USDT0 across various blockchain networks including TRON, Ton, Ethereum, Arbitrum, Ink, and Berachain. The Legacy Mesh aims to streamline liquidity movement without the need for intermediary bridges, enhancing the DeFi protocol and establishing Arbitrum as a key liquidity hub for stablecoin transfers.