FTX wants to start staking, and to hedge BTC and ETH sales as it liquidates a $3B crypto holding.
It’s looking to Mike Novogratz’s Galaxy empire to maximize value from the sales.
FTX wants to return funds to creditors in fiat currency rather than BTC or ETH
It’s looking to Mike Novogratz’s Galaxy empire to maximize value from the sales.
FTX wants to return funds to creditors in fiat currency rather than BTC or ETH
Coindesk
FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
The bankrupt exchange wants to return funds to creditors in dollars without denting value.
infinityhedge
Events Coming Up in Late August [21-31st]- @infinityhedge Mon:21 → Earnings:Zoom → Kraken Pro to list $PYUSD [PayPal Stabelcoin] → Shibarium mainnet re-launch → $INJ 3.4% unlock Tue:22 → U.S. Existing Home Sales → Prime Trust Hearing → THORChain to launch…
Initial Claims 230K, Exp. 240K
Cont Claims 1702K, Exp. 1705K
Cont Claims 1702K, Exp. 1705K
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Binance will suspend its crypto debit card services in Latin America and the Middle East from Aug. 25.
FED'S COLLINS: "MORE FED RATE HIKES ARE POSSIBLE"
"HAVEN'T REALLY SEEN NOTABLE SLOWDOWN IN GROWTH"
"HAVEN'T REALLY SEEN NOTABLE SLOWDOWN IN GROWTH"
infinityhedge
Expansion of the BRICS: Brazil Russia India China South Africa New members: 🇦🇷 Argentina 🇪🇬 Egypt 🇪🇹 Ethiopia 🇮🇷 Iran 🇸🇦 Saudi Arabia 🇦🇪 UAE Six of the world's nine-biggest oil producers will be members of the BRICS as of the 1st of January, 2024.
BRICS WILL MOVE FORWARD ON TRADE CURRENCY WITHOUT DOLLAR
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infinityhedge
Binance will suspend its crypto debit card services in Latin America and the Middle East from Aug. 25.
Mastercard & Binance will end their four crypto card programmes in Argentina, Brazil, Colombia & Bahrain as of Sept. 22.
Reuters
Mastercard, Binance to end crypto card partnership
Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email on Thursday.
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Group-IB says hackers have been exploiting this vulnerability since April to spread malicious ZIP archives on specialist trading forums.
https://techcrunch.com/2023/08/23/winrar-zero-day-funds-brokers/
https://techcrunch.com/2023/08/23/winrar-zero-day-funds-brokers/
TechCrunch
Hackers exploit WinRAR zero-day bug to steal funds from broker accounts
Cybercriminals are exploiting a zero-day vulnerability in WinRAR, the venerable shareware archiving tool for Windows, to target traders and steal funds.
August 25 Options Data:
72k BTC options are about to expire with a Put Call Ratio of 0.55, a max pain point of $28,000 and a notional value of $1.91 billion.
72k BTC options are about to expire with a Put Call Ratio of 0.55, a max pain point of $28,000 and a notional value of $1.91 billion.
[7 hrs ago]: The PEPE team made two significant moves: they lowered the Multisig wallet threshold from 5/8 to 2/8 signatures, and then proceeded to send $15M to various exchanges. This distribution included $6.5M worth of PEPE to Binance and $8.2M worth of PEPE to OKX.
As a result $PEPE down ~20%.
As a result $PEPE down ~20%.
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zachxbt: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL.
The deployers address is directly linked to the Solfire $4.8M exit scam
The deployers address is directly linked to the Solfire $4.8M exit scam
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The sanctions now engulfing Tornado Cash's founders pose a threat to all of DeFi. Bloomberg
infinityhedge
BTC Price at the end of the month
July
July
BTC Price at the end of the month August ?
Anonymous Poll
13%
Above 30k
41%
25k -30k
32%
20k-25k
3%
15k-20k
11%
Below 15k
infinityhedge
Events Coming Up in Late August [21-31st]- @infinityhedge Mon:21 → Earnings:Zoom → Kraken Pro to list $PYUSD [PayPal Stabelcoin] → Shibarium mainnet re-launch → $INJ 3.4% unlock Tue:22 → U.S. Existing Home Sales → Prime Trust Hearing → THORChain to launch…
Powell will be speaking today 🍿[Jackson Hole]
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infinityhedge
zachxbt: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL. The deployers address is directly linked to the Solfire $4.8M exit scam
Magnate Finance scammer has bridged ~$1M of the stolen funds to the BNB Chain through Stargate.
The U.S. Treasury Department wants to treat all crypto exchanges and payment processors as "brokers" for crypto tax reporting purposes, answering a longstanding question from the 2021 infrastructure bill.
Centralized crypto exchanges, payment processors, some hosted wallet providers, some decentralized exchanges and people or entities that redeem crypto tokens they created will be bound to those reporting obligations.
Miners are exempt from this.
Centralized crypto exchanges, payment processors, some hosted wallet providers, some decentralized exchanges and people or entities that redeem crypto tokens they created will be bound to those reporting obligations.
Miners are exempt from this.
Coindesk
U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether decentralized finance…