$10B in Ethereum awaits exit as validator withdrawals surge
Update Oct. 8, 12:17 p.m. UTC: This article has been updated to include comments from Nansen’s Nicolai Sondergaard and RedStone’s Marcin Kazmierczak. Update Oct. 8, 12:45 p.m. UTC: This article has been updated to include a comment from Falcon Finance’s Andrei Grachev. Ethereum recorded its largest validator exit on record this week, with more than
Bitcoin rally to $125K fueled by US gov’t shutdown, macro factors: Analysts
Bitcoin breached a new all-time high over the weekend, prompting analysts to call for a renewed accumulation phase that could fuel a rally to $150,000 before the end of the year. Bitcoin (BTC) set a new all-time high above $125,700, and its market capitalization briefly crossed the $2.5 trillion milestone for the first time in
Stablecoin market boom to $300B is ‘rocket fuel’ for crypto rally
The record $300 billion stablecoin market capitalization may signal that more investor capital is flowing onchain, which could act as “rocket fuel” for cryptocurrency valuations, according to market analysts. The total stablecoin supply has reached a new record of over $300 billion on Friday, marking a 46.8% year-to-date growth rate that may outpace the previous
Bankman-Fried says his biggest mistake was handing FTX to new CEO before bankruptcy
Sam “SBF” Bankman-Fried, the founder and former CEO of the bankrupt cryptocurrency exchange FTX, said his “biggest mistake” during the $8 billion collapse was handing control of the company to new management — a decision he claims cost him a last-minute opportunity to save the firm. Bankman-Fried, once the leader of the $32 billion FTX
Wall Street’s next crypto play may be IPO-ready crypto firms, not altcoins
Wall Street’s growing interest in late-stage cryptocurrency firms could disrupt the traditional boom-and-bust cycle of digital assets, according to new research. Crypto financial services firm Matrixport said Friday that more than $200 billion worth of crypto companies are preparing initial public offerings (IPOs), which may raise between $30 billion and $45 billion in new capital.
Standard Chartered venture arm to raise $250M for digital asset fund: Report
Update Sept. 16, 11:33 am UTC: This article has been updated to clarify that SC Ventures is launching a digital asset fund, not a crypto fund. Update Sept. 16, 1:38 pm UTC: This article has been updated to include comments from an SC Ventures representative. Standard Chartered’s venture arm is preparing to launch a $250
London Stock Exchange launches blockchain platform for private funds
Update Sept. 15, 7:58 am UTC: This article has been updated to include another section on LSEG and Microsoft’s collaboration. The London Stock Exchange Group (LSEG) launched a blockchain-based infrastructure platform for private funds, making it the first major global stock exchange to use such a system. The platform, called Digital Markets Infrastructure (DMI), supports