Last December, the SEC announced charges against Ripple and its executives for ‘conducting a $1.3 billion unregistered securities offering’ via the sale of XRP. Since the charges, the token added roughly $35 billion to its market cap.
Norwegian and Swedish officials have expressed support for banning BTC mining due to the activity’s perceived environmental cost.
Over the past several weeks, OMG, the native token of the OMG network, has experienced steep backwardation in its futures curve. A basis trade, however, was inaccessible due to certain market dynamics.
Shiba Inu (SHIB), a currency created largely mimicking Dogecoin (DOGE), has rallied to a record high market cap of USD 35B. However, despite BTC’s mainstream adoption, most Crypto use-cases have yet to evolve past speculation.
Cboe Global Markets is acquiring crypto spot and derivatives platform ErisX. Ownership of ErisX provides Cboe with entry to digital asset spot and derivatives markets, including clearing and settlement.
DOT, the native token of the Polkadot Network, added as much as USD~8B to its market cap following news the network is due to launch ‘Parachain Auctions’ on November 11.
Crypto remains relatively unchanged this morning. BTC has outperformed in the Top 10 over the past seven days and is up 16% over the period.
Last week, SEC Chairman Gary Gensler told crypto news outlet The Block that staking via third parties may qualify as a securities contract. The comments may challenge key concepts related to Ethereum’s PoS system.
Twitter has launched a tipping feature via BTC’s layer 2 Lightning Network (LN). The network has more than doubled the amount of BTC deployed on it since the start of the year.
Recent significant NFT-related funding rounds reflect the significant interest in the new medium. Today we review notable NFT raises and metrics.