Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • Stellar Development Foundation recently announced the introduction of Soroban, a platform for smart contracts.
  • BitMEX is investigating odd Bitcoin trading trends on its network. On BitMEX, Bitcoin’s value fell to $8,900, although it remained above $66,000 on other exchanges.
  • In the last 24 hours, collateral valued at over $5.4 million has been liquidated across several DeFi marketplaces. With Ethereum making up $4.2 million of the overall liquidations, it suffered the most severe blow.
  • For $623 million, Michael Saylor’s MicroStrategy purchased 9,245 more Bitcoins this week. MicroStrategy now holds more than 1% of all Bitcoins.
  • According to Bernstein, the recent 10% decline in the price of bitcoin offers a brief “dip buying opportunity.” The company’s analysts anticipate more consolidation before the April halving of Bitcoin, at which point the bull market will likely continue.
  • After Fidelity, Grayscale mulls adding staking to its proposed spot Ethereum ETF.
  • King River Capital and Polygon Labs are trying to raise $100 million for a new gaming fund, Immutable. The fund has already closed its first closure at $30 million.
  • The biggest asset management in the world, BlackRock, has informed authorities that it will provide a tokenized pooled investment fund. The document states that outside investors must contribute a minimum of $100,000 to the pooled investment fund.
  • Binance reportedly pushed primary brokers like FalconX and Hidden Road to improve their KYC procedures in order to bar U.S. investors from using its platform.
  • In order to settle accusations with the U.S. Securities and Exchange Commission (SEC), bankrupt cryptocurrency lender Genesis Global Capital has agreed to pay a $21 million fine as part of a final court ruling.

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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