Crypto asset manager Grayscale filed a revised S-3 filing with the United States Securities and Exchange Commission (SEC) on Dec. 26 to comply with the regulator’s demands for cash-only creation for the fund redemptions. This amendment means Grayscale will facilitate fund creation and redemption using cash, mirroring similar decisions taken by…
Quick Take The crypto industry is eagerly awaiting the approval of a spot in the Bitcoin Exchange Traded Fund (ETF) in the first weeks of January. While the market has been expecting institutions to push Bitcoin’s price up in anticipation of the ETF, no such trend has been observed. Recently,…
Solana creator Anatoly Yakovenko recently referred to Solana as an Ethereum layer-2 solution through its Wormhole eigenlayer in a post on X. In the exchange, Yakovenko positioned the blockchain as an Ethereum layer-2 while responding to a tweet listing various other L2 solutions, including Arbitrum, Aztec, and Polygon, among others.…
Cryptocurrency project Telcoin has confirmed that a recent security breach impacted its mobile application, leading to a drop of more than 35% in the value of its native TEL coin within the past day. The incident was first reported on Dec. 25, and the company promptly halted its mobile application…
Changpeng Zhao experienced a remarkable surge in wealth in 2023, securing the 35th position on the Bloomberg Billionaires Index, which shows his net worth increasing by an impressive $24 billion this year. As the former CEO of Binance, Zhao is one of the industry’s most notable figures. He entered the…
KyberSwap, a leading decentralized exchange (DEX) aggregator, announced a 50% reduction in its workforce following a $54 million exploit earlier this month. CEO and co-founder Victor Tran announced the decision on social media on Dec. 24. Elastic fallout The cuts come as the company grapples with the fallout of the…
Cryptocurrency hacks dropped by over half in 2023 compared to the previous year, indicating that heightened security measures and increased law enforcement scrutiny may be paying off. According to research by TRM Labs and other blockchain security firms, cybercriminals stole roughly $1.85 billion in 2023, starkly contrasting the nearly $4…
Tether, a major stablecoin issuer, has minted an additional $1 billion of its USDT stablecoin on the Ethereum blockchain. This move is said to “replenish” its inventory in anticipation of a surge in demand. The minting occurred on Dec. 25 and was first reported by Whale Alert on social media.…
December has been quite a month for Solana. The L1 blockchain has seen one of the fastest price recoveries this quarter, with SOL’s surge fueling the growing interest in its DeFi offering. CryptoSlate’s analysis of Solana’s on-chain found significant upward trends in almost all key metrics, indicating a period of…
Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according to a Dec. 26 8-K filing with the United States Securities and Exchange Commission (SEC). Mark Shifke, DCG’s…