Category: crypto

Former FTX Chief Technology Officer Gary Wang is seeking leniency from the court before his sentencing, citing his cooperation with law enforcement and testimony against Sam Bankman-Fried. Wang’s legal team argues for a time-served sentence, emphasizing his limited knowledge and minor role in the offenses. They highlight his remorse and desire to assist FTX victims.

The Ethena community is considering a proposal from Wintermute to activate a fee switch in the protocol. Wintermute highlighted the lack of clarity on revenue distribution for ENA token holders and suggested allocating revenue to sENA token holders. The proposal also calls for a framework to detail benchmarks for revenue distribution.

Bitwise CIO Matthew Hougan believes that Donald Trump’s victory in the US presidential elections will lead to a “Golden Age of Crypto” due to expected improvements in regulatory landscape. Crypto markets rallied as Trump’s odds of winning increased. Hougan warned investors to be selective with their investments despite positive market outlook.

JPMorgan has developed instant dollar-euro settlements using its Kinexys blockchain, leveraging its proprietary JPM Coin for fast, secure transactions for participating institutions. The platform processes over $2 billion in transactions daily and aims to reduce costs and improve liquidity. Despite growth, profitability may take three to five years.

: BlackRock’s spot Bitcoin ETF saw $1 billion in trading volume within 20 minutes of market opening after Trump’s victory in the US elections. This reflects investor confidence in a pro-crypto administration. Other spot Bitcoin ETFs also saw increased trading volume, indicating optimism for digital assets post-election. Trump’s win is expected to bring regulatory reforms…

WazirX plans to launch a decentralized exchange (DEX) to enhance user security after a major breach in July. The DEX will offer users control over their assets and feature its own token. The breach, attributed to the Lazarus Group, led to frozen account balances and backlash from users. Efforts to recover stolen funds have been…

Bitcoin reached a new all-time high on Nov. 6, driven by institutional and retail capital inflows. The Realized Cap hit a record $656 billion, with options market activity reflecting increased investor interest. Despite some outflows, Bitcoin-based ETF demand remains strong, with analysts anticipating continued interest and potential price gains in the future.

Justin Sun, Founder of TRON, spoke at the Chainlink SmartCon in Hong Kong, announcing that Chainlink Data Feeds will be the official data oracle solution for the TRON blockchain. TRON DAO participated as a Silver Sponsor, showcasing innovations. Sun highlighted TRON’s growth and future initiatives in Bitcoin Layer 2 and gas-free stablecoin transfers.

ADDX, ANZ, and Chainlink have collaborated to create a solution for cross-border transactions using tokenized commercial papers. The project utilizes ADDX’s platform, ANZ’s Digital Asset Services, and Chainlink’s technology to enable regulatory-compliant digital asset transactions. This initiative aims to improve operational efficiency and strengthen cross-border functionality in financial markets.

Polymarket accurately predicted President Trump’s victory hours before major media networks, showcasing the accuracy of market-driven insights. Despite skepticism from media analysts, Polymarket’s early prediction was on point, highlighting the capacity of market-based forecasts to capture trends not reflected in traditional polling. The platform’s decentralized setup allowed for real-time reactions and accurate outcomes, emphasizing the…