Cryptocurrency daily digest: unveiling today's crypto chronicles

Cryptocurrency daily digest: unveiling today's crypto chronicles

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by Liza Tanasova

3 years ago

Curious about the latest in the crypto world? Here's a roundup of today's key developments, encompassing Bitcoin's price, blockchain, DeFi, NFTs, Web3, and crypto regulation.

Jamie Dimon Takes Another Swipe at Crypto

Jamie Dimon, the long-time critic of Bitcoin and CEO of JPMorgan Chase, expressed his anti-crypto stance during a Senate Banking Committee hearing. Responding to questions from Senator Elizabeth Warren, Dimon stated that if he were in the government, he would "close it down." Despite his critical stance, JPMorgan Chase has actively engaged with blockchain technology, tokenization, and programmable payments.

ARK Invest Dumps Coinbase Shares for $33 Million Profit

ARK Invest, led by Cathie Wood, sold 237,572 Coinbase shares across its funds, reaping a profit of at least $33 million. The massive sell-off included 201,711 shares from the ARK Innovation ETF (ARKK), along with additional shares from the ARK Fintech Innovation ETF (ARKF) and the ARK Next Generation Internet ETF (ARKW). This substantial Coinbase sale is one of ARK's largest in 2023.

CME’s Bitcoin Futures Open Interest Nears Record High

The Chicago Mercantile Exchange (CME) witnessed a surge in Bitcoin futures open interest, reaching $5.2 billion, just $200 million shy of its late October 2021 all-time high. Over the past 30 days, CME's Bitcoin futures open interest increased from $3.63 billion to $5.20 billion, mirroring Bitcoin's 26% gain during the same period. Analysts suggest this uptick indicates renewed interest in Bitcoin, though specific trader positions won't be visible until CME releases its report on December 12.

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Other news

Avalanche Sees Surge in Tokenized US Treasury Assets

The value of tokenized US Treasury assets on the Avalanche network has surged to approximately $545 million, marking a fourfold increase over the past year.

user avatarJacob Williams

Metaplanet Shows Liquidity Management with Strategic Bitcoin Transactions

Metaplanet sold 10,000 BTC for approximately $790 million and bought back 11,000 BTC for around $950 million, demonstrating its ability to manage liquidity effectively.

user avatarSon Min-ho

Navra Secures $19 Million in Series A Funding to Bridge Traditional Finance and Blockchain

Navra, a startup led by Mike Cagney, has successfully raised $19 million in Series A funding to enhance access to blockchain-based financial markets for traditional investors.

user avatarZainab Kamara

Arbitrum Proposes Strategic Initiative for USDG Stablecoin

Arbitrum has proposed a governance initiative to back USDG as a core strategic stablecoin within its ecosystem, including adding 100 million ARB to enhance liquidity and adoption.

user avatarTando Nkube

BitGo and HashKey Cloud Expand Partnership in Asia-Pacific

BitGo and HashKey Cloud have expanded their partnership to cover multiple areas of institutional crypto infrastructure, including staking, trading, custody, and asset tokenization in Singapore.

user avatarAyman Ben Youssef

Winklevoss Asset Services Submits S1 for Zcash ETF

Winklevoss Asset Services has filed an S1 registration statement with the SEC for the Winklevoss Zcash ETF, aiming to provide direct exposure to ZEC.

user avatarKofi Adjeman

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