This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund.
SEC delays decision on 7RCC’s eco-friendly spot Bitcoin ETF
The U.S. SEC has extended its review period on a rule change that would allow the listing of 7RCC’s Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024.
Venture capital pours $2.4B into crypto startups in early 2024
Investments in the first quarter were influenced by innovation in areas like restaking, modularity, Bitcoin layer-2 solutions, and macroeconomic factors.
Coinbase posts $1.2B net income in Q1, surpasses entire 2023 earnings
Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs.
US lawmakers urge SEC to approve Bitcoin options trading
Representatives Mike Flood and Wiley Nickel urged the SEC’s chair Gary Gensler to stop discriminating against Bitcoin funds in a letter.
VC Roundup: Gaming investments surge 94% in Q124 as market rebounds
This edition of Cointelegraph’s VC Roundup highlights Tevaera, AVALON, Uncharted, Contango, and Movement Labs.
CZ sentenced: A chronology of Binance’s legal battles in the US
Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for violating U.S. money laundering laws.
Omnity rolls out integration for no-fee Runes trading
Omnity protocol is launching an integration for trading of Rune tokens without gas or transaction fees.
Crypto Biz: X payment system, Block moves into Bitcoin mining and more
This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.
EU DeFi regulations set to welcome big banks, challenge crypto natives
New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects.
Custodia Bank takes case to higher court after March setback
Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.
Boomers to pour $300B into crypto markets — Morgan Creek Capital
Morgan Creek Capital CEO Mark Yusko believes the full impact of Bitcoin ETF adoption has yet to be realized, as boomers will continue to gain more exposure to digital assets.
SEC reviews new rules for Bitcoin options trading
The Securities and Exchange Commission is evaluating whether exchanges’ current surveillance and enforcement mechanisms can handle Bitcoin exchange-traded products (ETPs).
Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023
After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices.
‘I’ve moved on to other things’ — Satoshi Nakamoto’s final email revisited after 13 years
In the last known communication in 2011, Satoshi Nakamoto disclosed they had moved on to other things, handing over Bitcoin to the community.
Ether ETF likely coming, as SEC ‘implicitly’ nodded ETH as commodity: Analyst
According to Bloomberg ETF analyst James Seyffart, the U.S. securities regulator implicitly accepted Ether as a commodity when it green-lit Ethereum futures ETFs.
SEC has been ‘backed into a corner’ on BTC ETF approval — Bloomberg analyst
A go-ahead from the U.S. Securities and Exchange Commission could trigger $10 billion in inflows to Bitcoin ETFs in the first year, says Bloomberg’s James Seyffart.
Aurory’s USDC pool drained on Arbitrum’s DEX Camelot
According to initial reports and on-chain data, the attack targeted Aurory’s SyncSpace bridge, draining nearly 80% of the AURY-USDC pool’s liquidity.
NFT Trader’s stolen Apes returned after bounty payment
The hacker returned 36 BAYC and 18 MAYC after receiving a 120 Ether bounty payment from Yuga Labs co-founder Greg Solano.
NFT Trader hacked, millions of dollars in NFT stolen
At least 13 Mutant Ape Yacht Club and 37 Bored Ape tokens were stolen, along with VeeFriends and World of Women tokens. The losses amount to almost $3 million.