Some professional traders have termed SLERF a “blue chip meme” – a nod to blue chip stocks – for reasons ranging from its fair distribution among holders to perceived future demand.
Coindesk
Bitcoin Drops Under $63K, Leads to Marketwide Correction
Crypto market capitalization fell more than 8% in the past 24 hours, data shows.
Grayscale CEO Believes Bitcoin ETF Fees Will Drop Over Time: CNBC
GBTC has seen $12 billion in outflows since due in part to its high fees compared to its competitors.
UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This Year
The U.K. has been refining it approach to regulating the crypto sector.
Brevan Howard-Backed Tokenization Firm Libre Goes Live
Libre has added a tokenized version of a BlackRock money-market fund so investors can earn yield while parking their capital.
World’s Largest Pension Fund Seeks Information on Bitcoin Under the Portfolio Diversification Plan
Japan’s state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements.
Bitcoin’s Slump Sees Crypto Bulls Staring at $440M in Liquidations
Prices could be headed to as low as $55,000 in the coming weeks, one trader said, but the long-term bullish outlook remains intact.
Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg
The presence of U.S. nationals on the platform has been a contentious issue for authorities as, officially, they are banned but continue to pop up.
Crypto Compliance Platform Keyring Raises $6M to Unlock DeFi for Institutions
The company allows institutional investors to comply with regulations when interacting with DeFi, and recently facilitated a proof of concept trial with Nomura’s crypto arm Laser Digital by building a compliance wrapper on top of USDC stablecoin.
Bitcoin No Longer Trading at a Premium on Coinbase, Data Show
The so-called Coinbase premium has evaporated, indicating a weaker stateside buying pressure.