The Block
Quick Take Circle sent a letter to U.S. senators, refuting claims that it participated in illicit financing activities. In the letter, Circle also said it did not provide banking services to Justin Sun, the TRON Foundation or HTX.
Quick Take Republican Commissioner Hester Peirce said the agency has been unclear on why it charges some crypto firms, versus others, citing the handling of the SEC’s charges against crypto startup LBRY.
Quick Take Through its digital commemorative ticket campaign, Candy Digital will introduce 100,000 customers to web3 this year. CEO expects the number to grow to between 250,000 and 500,000 in 2024.
Quick Take The hacker responsible for draining $47 million from decentralized exchange protocol KyberSwap has demanded full control over the company behind the project in a bizarre on-chain message. The attacker said it was their “best” and “only” offer, giving Kyber until Dec. 10 to respond before the “treaty” deal falls through.
Quick Take A team specializing in cryptocurrency structured products introduced the Dual Current Product, offering 22% APY.
Quick Take The open interest in bitcoin long futures, held by asset managers on CME, has reached an all-time high. The current all-time high in open interest has eclipsed the former surge in open interest that occurred when bitcoin hit its all-time high in November 2021.
Quick Take November has witnessed the highest monthly crypto losses of the year, totaling over $343 million due to hacks and fraud cases, according to Immunefi data. Centralized finance (CeFi) platforms were the primary targets, accounting for over 53% of the total losses, some $184 million.
Quick Take Bastion, a web3 startup that streamlines how businesses onboard web3 users, named Caroline Friedman as Chief Operating Officer. Friedman formerly served as Chief of Staff to Kraken and a16z, as well as an Assistant United States Attorney in Major Crimes at the United States Attorneys’ Offices.
Quick Take Bitcoin mining pool AntPool, which mined the record-breaking $3 million transaction fee paid last week, has agreed to refund it. AntPool said its risk control system froze the mining fee and has asked the owner to reach out before December 10 to verify their ownership.
Bitcoin could see an increase in capital inflow if the Federal Reserve decides to pause interest rates at its December meeting, according to analysts.
