The Block
At the time of the lawsuit, John J. Ray lll, CEO of FTX, who has taken over bankruptcy proceedings, said the goal was to unlock value being “suppressed by Grayscale’s self-dealing and improper regulation ban.”
Bankrupt cryptocurrency exchange FTX sold nearly $1 billion worth of shares in Grayscale bitcoin fund since it converted to a spot ETF, according to CoinDesk, which cited anonymous sources.Grayscale’s spot bitcoin ETF has led all others in trading volume, with $2.8 billion worth of outflows.
Higher-cost crypto fund issuers in the U.S. have seen $2.9 billion worth of outflows — compared to $4 billion of total inflows to the new spot bitcoin ETFs since launch — according to CoinShares.Last week, digital asset investment products witnessed minor outflows of $21 million overall — driven by incumbents like the ProShares bitcoin futures ETF and Grayscale’s converted GBTC fund.
Market volatility has resulted in the liquidation of $138 million in leveraged positions on exchanges.The price of bitcoin has dropped 2.8% in the last 24 hours, falling below the $41,000 mark.
Quick Take Ondo said that it aims to address the growing demand in APAC for exposure to U.S. assets through tokenized products.
Quick Take Co-founder and former CEO Do Kwon is currently awaiting extradition from Montenegro, while his U.S. trial is set for late March.
Quick Take Security researchers from Blockfence say they’ve uncovered a sophisticated scam responsible for a sum of $32 million stolen from over 42,000 victims. The scammers create a token with misleading permissions, pump it with fake volume, rug the token once enough outside funds enter, then repeat the process.
Quick Take Chinder is simple: swipe right on the coin’s chart and stats to buy, or swipe left to reject. The experiment works for Solana-based tokens and is powered by Unibot on Solana.
Quick Take MetaMask has introduced a feature to run Ethereum validator nodes on behalf of users with at least 32 eth to spare, powered by Consensys Staking. The service currently advertises an annual yield of about 4%, after taking a 10% fee from earned rewards.
