BNY Mellon SEC Approval: A Turning Point for Crypto Custody
TL;DR The SEC approved BNY Mellon’s plan to offer cryptocurrency custody services. The bank will be able to custody digital assets beyond Bitcoin and Ethereum....
Bitcoin ETFs See Strong Inflows as Investor Confidence Grows
TL;DR Bitcoin spot ETFs in the U.S. recorded a net inflow of $365.57 million on September 26. BlackRock and Ark Invest led the flows with...
U.S. Bitcoin Holdings Surge as BlackRock Leads ETF Inflows
TL;DR The United States is regaining its lead in Bitcoin holdings, driven by demand for ETFs. BlackRock has recorded the largest monthly inflow into its...
PayPal’s PYUSD Stablecoin Drops 30% as Solana DeFi Incentives Decline
TL;DR PayPal’s PYUSD stablecoin has seen its market cap drop by 30% over the past month. The drop is due to declining incentives in Solana’s...
Binance Aids in Uncovering $47.6 Million Gaming Scam in India
TL;DR Binance helped India track down a $47.6 million gaming scam and arrest four people. Victims were lured into online gambling but then lost access...
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Collapse
TL;DR Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the collapse of FTX. In...
Ethereum ETFs Face Record Outflows Since July
TL;DR US Ethereum ETFs saw a daily net outflow of $79.21 million. Total cumulative net outflows since launch amount to $686.68 million. Bitcoin ETFs continue...
Upbit Moves User Data to AWS Servers in the U.S.: What This Means for Privacy
TL;DR Upbit will migrate user data storage to Amazon Web Services (AWS) servers in the United States starting October 1, 2024. The measure seeks to...
Tether (USDT) Hits a Record $119.14 Billion
TL;DR Tether (USDT) market cap hit an all-time high of $119.14 billion. Its adoption rate has grown from 18% to 31% in the last year....
Ethereum Whales Move $21.9M: Is a Major Ether Dump Coming?
TL;DR Two large Ethereum whales moved 8,510 ETH ($21.9M) to centralized exchanges. An Ethereum ICO participant transferred 3,510 ETH to Kraken after 3 months of...