Crypto Bytes: Top 10 Breaking News from Cryptoverse

  1. By purchasing 14,620 BTC for $615.7M, MicroStrategy increases its holdings to $5.9B, or 189,150 BTC. CEO Michael Saylor is still optimistic about Bitcoin & believes it is the most valuable asset in the world. 
  1. IOTA & LayerZero join hands! It is anticipated that ShimmerEVM’s integration with LayerZero will improve DeFi and cross-chain connectivity on IOTA’s ShimmerEVM. Among other chains, connectivity is provided by Ethereum, Polygon, Avalanche, BinanceSmartChain, & Optimism.
  1. All Grayscale GBTC Stocks Sold by Cathie Wood! Prior to the possible establishment of a Bitcoin ETF, Cathie Wood’s Ark Invest is said to have liquidated all of the equities of Grayscale Bitcoin Trust (GBTC).
  2. Top Coinbase Executives Sell Off $COIN Stock Amid Speculation About Bitcoin ETFs! As Coinbase (COIN) shares hit a new annual high, Coinbase executives and major shareholders dumped the stock.
  1. Congressman Warren Davidson calls for the SEC Chair to be fired in 2024! Congressman Warren Davidson criticised the SEC’s digital asset policies and called for the removal of SEC Chair Gary Gensler.
  1. The price of BNB has increased by 20% over the last week and by 5% over the last 24 hours to trade over $310. As the price of SOL declines after a recent surge, BNB overtakes Solana in terms of market capitalization.
  1. Hong Kong Government Requests Public Feedback on Draft Law for Supervision of Stablecoins. 
  1. CEO of KyberSwap reports that staff strength was reduced by 50% as a result of an exploit and related issues.
  1. China Introduces DigitalYuan Wallet Machine for Foreign Passport Holders. With an automatically opened hard wallet, consumers can swap foreign currency banknotes for digital yuan coins using this equipment. 
  1. Governments Can Freeze and Seize “Unexplained Wealth” Thought to Be Associated with Crime Under New EU Crypto Regulation.

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

Leave a Reply