Bitcoin ETFs in the U.S. saw five consecutive days of inflows totaling $72.1M as $BTC hit $59K. Bitwise’s BITB and ARK’s ARKB also saw gains, while Grayscale’s GBTC faced $37.7M in outflows. #Update #Bitcoin #Crypto
South Korea’s crypto market braces for a 20% tax on gains over $1,800 starting in 2025. Major exchanges like @Upbitglobal warn of a potential drop in trading volumes. New regulations will increase scrutiny on altcoins. #CryptoTax #Update
UK Law Commission recommends regulating DAOs under existing financial and tax laws, noting complexity in their legal treatment. DAOs with governance tokens may fall under UK promotion rules. Continuous review advised. #DAOs #Update
Bitcoin ($BTC) and Ethereum ($ETH) may see significant moves as US CPI data is released today, possibly hinting at Fed rate cuts. BTC hit $57,084 after Mt. Gox turbulence; ETH gained 1.78% to $3,150. #CryptoNews
Mt. Gox will repay 138,000 $BTC, raising fears of a market crash. German Bitcoin liquidations have already spurred a downturn. Cycle Capital warns a swift release could lead to panic selling. However, $16B from FTX repayments might stabilize prices. #CryptoUpdate
Fireworks AI secures $52M in funding from @Sequoia, @nvidia, $AMD, and @MongoDB, boosting valuation to $552M. Its platform, used by @DoorDash and @Verizon, supports 100+ AI models for tailored business tasks. Expansion plans include hiring and stronger industry partnerships. #Update
The SEC has closed its investigation into Paxos’ $BUSD stablecoin, opting not to pursue enforcement actions. The NYDFS had earlier classified BUSD as a security, but Paxos continued supporting withdrawals. Former CFTC Chairman Giancarlo joins Paxos’ board. #CryptoRegulation
The German government sold 2,700 BTC as part of liquidating assets seized from a piracy site. Transactions involved $BTC being distributed to Coinbase, Kraken, Bitstamp, and linked addresses. Germany’s Bitcoin reserves now stand at 6,394 BTC, valued at $394.9M. #Bitcoin #Update
VanEck CEO Jan Van Eck remains bullish on $BTC despite recent market volatility. He cites Bitcoin’s long-term fundamentals, such as the upcoming halving event and potential Fed easing, as key bullish factors. Van Eck views a 20% correction as normal. The global crypto market cap now stands at $2.11T. #Update
Singapore-based blockchain startup @Partior raised $60M in Series B led by @PeakXVPartners to enhance cross-border payments and tackle liquidity issues. Milestone: Standard Chartered completed Euro-denominated transactions via Partior’s network. #Blockchain #Update
Judge denies Coinbase’s request to subpoena SEC Chair Gensler for testimony in ongoing legal case. Coinbase sought Gensler’s 2017-2024 correspondence, calling it crucial for SEC’s crypto stance. Judge Failla criticized the move as time-wasting, urging better dialogue. #CryptoRegulation #Update
OM, the native token of the DeFi platform Mantra, surged 19% to $1.13, topping the crypto market. Its trading volume soared 900% to $311M, with an 8% gain in 24 hours. OM’s market cap is now $849M, ranking 82nd among cryptocurrencies. #Crypto
OM, the native token of @DefiMantra, surged 19%, reaching $1.13. With a 900% trading volume increase to $311M and a market cap of $849M, OM is now the 82nd largest cryptocurrency. #DeFi #Update
SEC eases crypto reporting rules for banks, mitigating risk measures. This update, post-FTX bankruptcy, reduces capital requirements, enabling banks to offer crypto custody services. Balance investor risk and financial stability. #CryptoRegulation #Update
