BitDigest March 26 · Issue #623
- Crypto prices inched downwards overnight as bitcoin dominance re-hit the 66%
- Mt. Gox’s rehabilitation trustee suggests an initial cash settlement could be coming
- International security commissioners finds that stablecoins appear likely to be securities and should fall under their jurisdiction
The Headlines
News from Mt. Gox Creditors Meeting
Organization of Security Commissioners Finds Stablecoins 'Likely' Fall Under Purview of Regulators
Telegram Appeals Injunction
Prosecutors Call OneCoin Attorney's Appeal 'Meritless'
Further Arguments in the Wright – Kleiman Case and a Requested Delay
Market Data
Bitcoin Hashrate Drops 30% in 24-Hours
Genesis Capital Experienced No Losses or Defaults During Crypto Sell-Off
$1 Trillion in New Capital Could Flow into Bitcoin Over the Next 25 Years
Ashburn, VA has the Highest Crypto Users Per Capita in the US
Binance Issues Introductory Report on Ethereum Classic (ETC)
Exchange, Custody and Product News
Coinbase Brings DeFi Integration to Wallet
Reports you may have missed
Court Partially Dismisses SEC's Lawsuit Against Coinbase, Kucoin Charged by DOJ and CFTC for AML Violations
Crypto markets are declining following news that most of the SECâs lawsuit against Coinbase will proceed (more below). BTC (-1.27%) reached intraday highs of $71.8k before declining to $69k after the news. Rumors have circulated that Morgan Stanley and PNC will soon approve access to Bitcoin ETFs on their wealth management platforms. Together, Morgan Stanley and PNC hold over $1.5 trillion in client assets and likely will provide a tailwind...
FTX Selling Two-Thirds of Anthropic Stake for $884 Million, SWIFT Announces Phase 2 Results of Tokenization Experiments
U.S. equities are rising in Tuesday trading, with the SPY and QQQ both gaining approximately 0.21%. U.S. durable goods orders rose 1.4% in February, bouncing back after dropping 6.1% in January. The DXY (+0.04%) is flat on the day but remains above $104, while rates are showing modest gains across the curve. Crypto markets are showing slight declines, with BTC (-0.22%) trading at $69.7k and ETH (-0.72%) holding above $3,550. It...
Core Scientific Looking for Expansion Opportunities, Philippines to Block Access to Binance
Following the worst week of ETF flows since inception, BTC (+3.89%) is rebounding, rising to $69.6k, and ETH (+4.09%) has reclaimed the $3,500 mark. Last weekâs outflows totaled $888 million, representing about a fifth of the inflows seen in the previous two weeks. ONDO, an institutional RWA protocol, is one of the top performers today, rising 7.61% as investors remain optimistic about the future of tokenized assets and their ability...
Four Consecutive Days of Bitcoin ETF Outflows, WisdomTree Receives NY Trust Charter
Equity indices are showing muted declines today, but the SPY (-0.13%) and QQQ (-0.02%) are still on pace for respective 18th and 17th positive weeks out of the last 21. Crypto markets are showing more pronounced losses, with total market capitalization falling by 3%. BTC (-2.89%) has fallen to $63.6k while ETH (-4.53%) has dropped to $3,340. Bitcoin ETFs have seen four consecutive days of outflows totaling $836 million, representing...