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The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.
PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
The latest price moves in crypto markets in context for July 17, 2023.
Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.
Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory
- 04:01Blockstream Co-founder: Quantum computing will enhance Bitcoin signatures, making its network strongerBlockstream co-founder and CEO, inventor of Hashcash, and renowned cryptographer Adam Back stated that quantum computing could potentially make the Bitcoin network stronger. Industry insiders have previously expressed concerns that due to advancements in quantum physics, quantum computing can execute computational processes at unprecedented speeds, which may disrupt encryption algorithms in the future. Back posted on X stating: "Post-quantum (PQ) will take at least several decades," which is why hash-based PQ schemes are never feasible: "PQ signature research will eventually produce conservative, thoroughly reviewed, more compact signatures. Bitcoin can consider these schemes as another option."
- 03:59HSBC Bank: Still expects the Federal Reserve to cut interest rates by 75 basis points in 2025HSBC Bank stated that it still expects the Federal Reserve to cut interest rates by 75 basis points in 2025.
- 03:58The Ethereum ETF had a net inflow of 62.73 million US dollars last weekAccording to SoSoValue data, last week's trading days (Eastern Time December 16th to December 20th) saw a net inflow of $62.73 million into Ethereum spot ETFs. Among them, Grayscale's Ethereum Trust ETFETHE had a weekly net outflow of $99.83 million, with the current historical net outflow for ETHE standing at $3.62 billion.
