Will Evergrande’s collapse have a silver lining for crypto?
This week, The Market Report discusses Grayscale’s victory against the SEC, the impact of Evergrande’s bankruptcy, and what happened to the 16 trillion PEPE tokens reportedly stolen.
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Nigeria’s Patricia crypto exchange seeks to explain its token amid confusion
Patricia clarified that it will operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users.
South Korean parliament rejects motion to expel lawmaker over crypto scandal
South Korean lawmaker and Wemix investor Kim Nam-kuk will stay in the parliament after a 3:3 vote in the expulsion motion.
Researchers develop Crypto Literacy Scale to measure consumer financial awareness
This could help raise cryptocurrency education, insulate consumers against scams, and increase the potential for wealth generation in crypto.
Breaking: Grayscale wins SEC lawsuit
The judge's order does not guarantee the eventual listing of a Grayscale spot Bitcoin ETF.
Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis
New developments in the Bitcoin mining space have Hut8 vice president Sue Ennis convinced that well positioned miners will thrive after the next BTC halving.
FTX suspends user accounts amid Kroll cyber breach concerns
FTX's decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack.
Pepecoin: Insider trading claims surface amid token theft
On-chain analyst Yazan reports insider selling of PEPE holdings, with around 400 billion PEPE sold, aligning with Pauly’s team exposure.
Ripple vs. SEC case: Pro XRP lawyer urges Jay Clayton, Hinman’s testimony
Deaton points out that former SEC officials Bill Hinman and Jay Clayton's testimony during the US SEC v. Ripple Labs case would have categorized XRP as a non-security early on.
Hashdex joins race for spot Bitcoin ETF with unique strategy
Hashdex’s approach differs from recent filings as it won’t depend on the Coinbase surveillance sharing agreement, opting to acquire spot Bitcoin from physical exchanges within the CME market.
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