U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday.
Coindesk
Bitcoin Slips Towards $42K as Interest Rates Soar; Chainlink’s LINK Defies Crypto Slump
Cryptocurrencies slid lower Monday with bbitcoin nearing $42K as soaring U.S. interest rates amid strong economic data, hawkish Powell weighed on prices.
EigenLayer Lifts Staking Cap, TVL Soars Past $3B
Liquid restaking protocol EigenLayer has removed its 200,000 ether {{ETH}} staking cap, spurring a $TkTkTk rise in TVL in a matter of hours.
Why Crypto’s Most Altruistic Project Is Going Corporate
The project, which rewards developers for working on open-source projects, is embracing money-making initiatives to increase its capacity for good.
Taproot Wizards Recovers From Tech-Marred Debut, Selling $11M of Bitcoin NFTs
With almost two hours left for whitelisted buyers to claim the digital-art collectibles, at least 2,560 of the series of 3,000 had been claimed, at a fixed price of 0.1 BTC ($4,274 each).
Bitcoin: A New Regulatory Attack Vector
The Bitcoin miner survey launched by the U.S. Energy Information Administration is not an innocuous information-gathering exercise. And, it could end up hurting much more than just the crypto ecosystem.
Multicoin Capital Is in Talks to Sell Roughly $100M FTX Bankruptcy Claim: Source
Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar, now climbing towards the eighties.
Craig Wright Accused of ‘Industrial Scale’ Forgeries in First Day of COPA Trial
A highly anticipated trial probing Australian computer scientist Craig Wright’s claim to fame as the pseudonymous author of the groundbreaking 2008 Bitcoin manifesto kicked off Monday at a U.K. high court, where a judge decided Wright could add some new evidence to back up his case.
Bitcoin To Reach $70K By Year End: Markus Thielen
The macro environment, monetary tailwinds, U.S. election cycle and increasing TradFi demand all point to higher prices.
Bitcoin ETFs See $700M Net Inflows as BlackRock, Fidelity Gains Offset GBTC Outflows: CoinShares
New U.S. bitcoin ETFs have amassed $7.7 billion in funds since debut, offsetting the $6 billion outflows from incumbents, according to CoinShares data.