Federal Decree Law No. 6 expands the UAE central bank’s authority over DeFi, ending the “just code” defense and imposing penalties of up to $272 million. Read More at https://cointelegraph.com/news/uae-new-financial-law-defi-regulatory-scope?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Author Archives: pdgweb
Pump.fun co-founder denies $436M cash out, claims it was ‘treasury management’
The Pump.fun co-founder disputed claims of a massive off-ramp and said Pump.fun’s USDC shifts were routine treasury operations. Read More at https://cointelegraph.com/news/pump-fun-cofounder-denies-436m-cash-out-treasury-management?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Exodus taps Bitcoin holdings to fund $175M move into onchain payments
Exodus is using its Bitcoin reserves to back a $175 million acquisition of W3C Corp, bringing Monavate and Baanx under its roof as it expands into onchain payments. Read More at https://cointelegraph.com/news/exodus-taps-bitcoin-holdings-to-fund-175m-move-into-onchain-payments?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin at $87K: BTC buying opportunity or dead cat bounce?
Bitcoin price tools returned to levels last seen several years ago as calls for a BTC price relief rally continued to grow louder. Read More at https://cointelegraph.com/news/bitcoin-87k-btc-buying-opportunity-or-dead-cat-bounce?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Berachain disputes ‘framing’ of a $25M refund deal to Brevan Howard
Berachain’s founder says a report that it gave one of its Series B investors a year-long refund right on its $25 million investment is both “inaccurate and incomplete.” Read More at https://cointelegraph.com/news/berachain-founder-disputes-framing-25m-refund-deal-brevan-howard?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘OG whale’ who called the October crash has a $44.5M long on Ether
The Hyperliquid whale that made $200 million in the October crash has just added another $10 million to its long position on Ether. Read More at https://cointelegraph.com/news/infamous-og-whale-loads-big-eth-bet-market-set-to-pump?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto VC activity hits $4.6B in Q3, second-best quarter since FTX collapse
Half of the capital raised in the third quarter was from seven venture deals, with Revolut leading the way with a $1 billion investment. Read More at https://cointelegraph.com/news/blockchain-venture-funding-rebounds-q3-crypto-startups-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s Sharpe ratio is nearly at zero, a rare risk-reward signal
Bitcoin’s Sharpe ratio has fallen to nearly zero, matching levels from 2019, 2020, and 2022 market bottoms, as 8% of all BTC moved onchain in historic volatility. Read More at https://cointelegraph.com/news/bitcoin-indicator-flashes-rare-risk-reward-signal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BitMine, Strategy, SharpLink stocks outpace crypto market recovery
Digital asset treasury stocks surged on Monday, led by BitMine, even outpacing the broader crypto market’s gains as institutional ownership increased. Read More at https://cointelegraph.com/news/bitmine-strategy-sharplink-are-outpacing-crypto-market-recovery?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC issues ‘rare’ no-action letter for Solana DePIN project token FUSE
It comes several months after the SEC issued a similar no-action letter to DoubleZero, seen as a significant regulatory milestone for DePIN projects. Read More at https://cointelegraph.com/news/sec-no-action-letter-fuse-depin-project?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound