Thread
1) Crypto weekend š§µ ( Feb. 25 and Feb. 26. ).
The offering of Dapper Labsā NBA-branded āTop Shotā
non-fungible tokens might be securities ā-a fed judge
ruled Wednesday.
The offering of Dapper Labsā NBA-branded āTop Shotā
non-fungible tokens might be securities ā-a fed judge
ruled Wednesday.
2) Major gaffe for Solana.
Infrastructure operators on the Solana network rushed to right the struggling blockchain early Saturday.
This arose after a tech issue throttled usersā ability to trade crypto, transfer assets, or do anything on-chain.
Infrastructure operators on the Solana network rushed to right the struggling blockchain early Saturday.
This arose after a tech issue throttled usersā ability to trade crypto, transfer assets, or do anything on-chain.
3) As per data from Nansen, NFT whale Jeffrey Hwang (aka Machi Big Brother), dumped 1,010 tokens for 11,680 Ether or $18.6M, in the space of 48 hours.
4) Key points :
*Inca Digital report calls out Huobi, KuCoin crypto exchanges;
*They allow customers with debit cards from sanctioned banks.
*Inca Digital report calls out Huobi, KuCoin crypto exchanges;
*They allow customers with debit cards from sanctioned banks.
5) FT to point 4. šš¾
6) Related to points 4 and 5.
7) From the IMFā¦.
8) For tweeps following the FTX political contributions story, note applicable deadline previously set by present FTX management.
9) Oasis's response: What occurred on 21st was only possible due to a previously unknown vulnerability in the design of the admin multisig access, with the sole intention to protect user assets in the event of any potential attack. Readmore blog.oasis.app/statement-regaā¦
10) Platypus update belowā¦
11) FT:
The address marked as Justin Sun pledged about 150,000 ETH (about 240 million U.S. dollars) to Lido to exchange for stETH. According to @lookonchain
debank.com/profile/0x176fā¦
The address marked as Justin Sun pledged about 150,000 ETH (about 240 million U.S. dollars) to Lido to exchange for stETH. According to @lookonchain
debank.com/profile/0x176fā¦
12) šš¾šš¾
13) FT:
$COIN earnings report shows that Q4 institutional investors contributed 86% of transaction value ($125B).
But they only contributed 4% of revenue ($13.4M).
Retail investors contributed 14% of transaction value ($20B)
but contributed 96% of the revenue ($308.8M).
$COIN earnings report shows that Q4 institutional investors contributed 86% of transaction value ($125B).
But they only contributed 4% of revenue ($13.4M).
Retail investors contributed 14% of transaction value ($20B)
but contributed 96% of the revenue ($308.8M).
14) Regarding Sarson Fundsā¦
16) Circle announced the Atlanta-based Citizens Trust Bank would hold $65 million in USDC reserves as part of a broader collaboration between the two companies. The bankās USDC reserves will provide small businesses with access to capital.
17) An odd tidingā¦
18) On the sidelines of the G20 meeting, Treasury Secretary Yellen said US isnāt pushing for an outright banning of crypto activities.
19) āStablecoinsā are much less stable, than many may believe.
20) Regarding #KinesisMoney ā¦..
21) More on #KinesisMoney ā¦..
22) The Solana networkās deep freeze continued Saturday.
Validators were preparing a second restart attempt that they hoped would restore service to users of the blockchain.
Itās still unclear what caused the service outage.
Validators were preparing a second restart attempt that they hoped would restore service to users of the blockchain.
Itās still unclear what caused the service outage.
23) FTX Japan users are in a much better place than FTX US usersā¦
26) Something to keep an eye onā¦.
27) āAround the Hornā , with Asia's Weekly TOP10 Crypto News.
28) For any US user on CoinEx, take noteā¦
29) FT:
This comes after SEC filed a 73-page brief
w/U.S. Court of Appeals for DC in December 2022.
Brief outlined its reasons for denying Grayscaleās request to convert its $12B GBTC to spot based Bitcoin ETF in June 2022.
This comes after SEC filed a 73-page brief
w/U.S. Court of Appeals for DC in December 2022.
Brief outlined its reasons for denying Grayscaleās request to convert its $12B GBTC to spot based Bitcoin ETF in June 2022.
30) QUICK TAKE:
ā¢The Solana blockchain is back working again after two attempts to fix it;
ā¢Engineers are monitoring its performance.
ā¢The Solana blockchain is back working again after two attempts to fix it;
ā¢Engineers are monitoring its performance.
31) Just sadā¦.
32) Sec'y Yellen and the Fed recently announced policy guidance for crypto.
Informativeš§µ to consider todayā¦.
Informativeš§µ to consider todayā¦.
33) JUST IN: #Solana launches investigation to determine the root cause of its network outage yesterday.
34) šš¾šš¾
35) When Terra ecosystem collapsed last year & again as FTX
fell apart, retail investors rushed to buy big crypto dip.
Meanwhile, āwhalesā were selling en masse, all at expense
of those smaller mom-and-pop traders.
In stormy seas, āthe whales eat the krill,ā BIS report says.
fell apart, retail investors rushed to buy big crypto dip.
Meanwhile, āwhalesā were selling en masse, all at expense
of those smaller mom-and-pop traders.
In stormy seas, āthe whales eat the krill,ā BIS report says.
36) Texas claims that Binance.US's terms of service & restructuring plan contain inadequate disclosures and
discriminate against Texas creditors.
discriminate against Texas creditors.
37) SEC Gensler responds to the commentary from the crypto industryā¦.
38) ICYMI previouslyā¦.
39) Imagine that ? š
40) Highlights:
A) Superseding indictment on Feb. 23 for SBF;
B) NYAG sues CoinEx exchange;
C) Coinbaseās Q4 āEarningsā report;
D) FTX Japan users vs FTX users elsewhere;
E) āRegulatorsā in focus
( šŗšø/ šØš¦/ HK, IMF );
F) Voyager deal updates;
G) Celsius & CDPQ;
H) Odds & Ends.
A) Superseding indictment on Feb. 23 for SBF;
B) NYAG sues CoinEx exchange;
C) Coinbaseās Q4 āEarningsā report;
D) FTX Japan users vs FTX users elsewhere;
E) āRegulatorsā in focus
( šŗšø/ šØš¦/ HK, IMF );
F) Voyager deal updates;
G) Celsius & CDPQ;
H) Odds & Ends.
41) More on the Gary Gensler interviewā¦
42) Gensler addendum.
43) āButāā¦..
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Frances Coppola @Frances_Coppola
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Feb 26, 2023
Fred's essential thread.