Crypto Bytes: Top 10 Breaking News from Cryptoverse

  1. Argentines can now trade digital assets, such as non-fungible tokens (NFTs), on OKX’s cryptocurrency market. OKX has officially launched their Web3 wallet and cryptocurrency exchange in a Latin American market.
  1. Insolvent cryptocurrency exchange FTX has submitted court documents offering to sell CoinList $500k for its subsidiary Digital Custody. The sum is 95% less than what FTX originally paid, $10 million, to acquire Digital Custody back in 2021.
  1. Australian Securities and Investments Commission (ASIC) has won a legal battle against the cryptocurrency business Block Earner. Court found that Block Earner had breached sections 601ED and 911A of the Australian Corporations Act by offering unauthorised financial products.
  1. launches 1% deposit bonus for Prime users! Promotion is aimed at HNI investors and would provide an unlimited 1% deposit bonus on qualified tokens and fiat money.
  1. 25% of the Ethereum network’s supply of ether is currently staked. After Shapella, staking payouts peaked at 8.6%, but they are currently less than 4%.
  1. A previously known flaw was identified as the cause of this week’s Solana network outage in a post-mortem analysis. Network was later restarted by validators.
  1. Binance has partnered with INTERPOL to take specific actions to strengthen international cybersecurity efforts. Binance welcomed over 30 INTERPOL officials for a recent half-day virtual seminar on critical themes relating to cryptocurrency investigations and cyber policing.
  1. New dYdX proposal aims for more decentralization! Chorus One’s proposal aims to democratize dYdX governance, lowering participation thresholds to foster inclusivity and broad community engagement. Initiative also suggests extending the deposit period for governance proposals.
  1. Multicoin Capital led a $4.5 GLIF round for the decentralised storage company Filecoin. It’s a special use of liquid staking to increase the capital efficiency of file storage.
  1. The first tokenized warrant transaction has been completed with UBS by OSL, one of the two licenced cryptocurrency exchanges in Hong Kong. The first UBS pilot investment-grade tokenized warrant transaction in Hong Kong has been conducted by OSL Digital Securities.

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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