Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • SEC is expected to reject every Bitcoin spot ETF request this month, according to Matrixport analyst Markus Thielen.
  • At their meeting with the Securities and Exchange Commission, members of the Nasdaq team will talk about a number of things, including the long-awaited spot bitcoin exchange-traded fund.
  • Chelsea’s jersey will be sponsored in part by Singapore-based cryptocurrency company BingX. According to the agreement, the new jersey will feature a BingX emblem on its sleeve for the duration of the campaign.
  • Ethereum Name Service token’s price has increased by 50%, reaching a peak of $14.71 as Vitalik Buterin endorses the platform. 
  • On Wednesday, the European Central Bank (ECB) published a paper detailing the evolution of the digital euro. It tracks the development of the bank’s Rulebook Development Group’s (RDG) central bank digital currency (CBDC).
  • The value of the world’s cryptocurrency market has dropped significantly in the last 6 hours, dropping more than 6% to $1.63 trillion. Major cryptos including Bitcoin, Ethereum, Solana, Ripple, and Cardano witnessed a fall.
  • Once a leader in stablecoin volumes, Tron saw a big change as Solana gains upper hand. According to Artemis’ research, Solana saw a surge in December with a stablecoin transfer volume of $24.58B USDC, exceeding the $6.54B USDT of Tron and the $3.88 billion DAI of Ethereum.
  • Top bank in Nigeria releases guidelines for future operations. Only bank accounts denominated in naira may be opened by cryptocurrency exchanges. Crypto accounts cannot be used to clear third-party checks and cash withdrawals are forbidden. 
  • Radiant Capital hacked for 1,900 ETH, or roughly $4.5M. Radiant Capital markets on Arbitrum will be temporarily suspended. Radiant DAO Council to investigate.
  • Wemade, a South Korean gaming company, revealed that it owes the nation’s tax authorities 53.7 billion won ($41 million) in unpaid taxes, shortly after creating a $100 million Web3 fund with Singapore-based Whampoa Group last month.

Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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