Crypto Guides, Knowledge & Insights

ERC404 Project Pandora Announces Official Establishment as a Full-Fledged Entity

The ERC404 project Pandora posted on X platform, stating: “Finally completed the last piece of paperwork. Today Pandora officially becomes a full-fledged entity. We have transformed from a group of idea-driven individuals into a mature startup company with a team of over 10 people. Today, we will undergo auditing, with liquidity locking to follow closely. As we continue to explore the final EIP, the team will release some exciting new developments and provide comprehensive documentation. Everything is just beginning.”　　

2024-02-09Deep Dive

The 17th Trading Day Sees a Net Inflow of $68 Million into Bitcoin Spot ETF

According to BitMEX Research data, the net inflow of funds for the 17th trading day of the U.S. Bitcoin spot ETF (on February 5th) amounted to approximately $68 million.　　

2024-02-06Deep Dive

Multicoin Capital Is Discussing Selling Its Approximately $100 Million FTX Bankruptcy Claim

Cryptocurrency investment firm Multicoin Capital is currently in discussions regarding the sale of its FTX bankruptcy claim, which is valued at approximately $100 million, according to a knowledgeable source.　　Positive news surrounding the FTX bankruptcy has already driven the claim price up to over 70 cents per dollar and is now approaching 80 cents.　　Companies inadvertently involved in the FTX collapse, such as Multicoin, have been approached by claim buyers for over a year. As potential bids increase, these companies are weighing the opportunity cost of capital and opting to sell early.　　

2024-02-06Deep Dive

Binance Co-founder He Yi's Response to "RONIN Listing Info Leak" and Six Key Adjustments

On February 6th, Binance co-founder He Yi stated that there have been occasional heated discussions about the leakage of listing information on Binance in the past, often involving projects that have not yet been released. Its not uncommon for the community to excessively hype up to maintain momentum. However, after the announcement of the listing of RONIN today, the subsequent price drop sparked intense community discussions. An internal investigation revealed that the price drop was due to a previous incident involving the retrieval of tokens for users on the integrated public chain, which was detected by external parties as an on-chain aggregation. The community began discussing the listing of RONIN on Binance. After careful consideration, the following adjustments will be made on top of the existing listing process:　　Internal adjustments at Binance: Team members involved in the listing process, including business, research, pre-IC, IC, development, operations, and announcements, will strengthen internal management and firewalls. If there is any leakage of information for any reason, a warning will be issued for the first occurrence, and termination will follow for the second.　　External cooperation adjustments at Binance: Business communication with external partners often involves aspects such as project research information, token model communication, token

2024-02-06Deep Dive

Nasdaq Issues Delisting Notice to Bitcoin Mining Firm Bit Brother, Hearing Scheduled for February 27

Bit Brother Limited, a mining company listed on Nasdaq, has disclosed that it has received a delisting notice. According to the notice, Nasdaq made this decision primarily due to market concerns arising from certain warrants issued in two registered offerings by the company on October 25, 2023, and December 5, 2023, which included non-cash exercise terms, as well as concerns related to such transactions causing public interest issues. It is reported that this delisting notice will not immediately impact Bit Brother Limiteds listing and trading. Nasdaq has allowed the company to participate in a hearing on February 27 to provide explanations. Until the hearing process is completed, Nasdaq will continue to suspend any suspension or delisting actions.　　

2024-02-05Deep Dive

Powell: Rate Cut is Imminent, but Unlikely to Have Confidence for a Cut in March

Federal Reserve Chairman Powells interview on “60 Minutes” aired, during which host Pelley asked Powell, “You disappointed a lot of people last week. The next meeting to decide the direction of interest rates will be in March this year. Based on what you know now, is there a greater or lesser likelihood of a rate cut at that time？”　　Chairman Powell responded, “The current overall situation is that the economy is strong, the labor market is strong, and inflation is decreasing. My colleagues and I are trying to choose an appropriate time to start reducing our restrictive policy stance. That time is approaching. We have stated that we want to have more confidence in inflation reaching 2%, and I think the committee is unlikely to have that level of confidence at the March meeting in 7 weeks. Except for two participants, all other participants believe it is appropriate to start easing the restrictive stance through rate cuts this year. So, thats the basic situation, and we just want to find the right time.”　　During the interview, Pelley also asked Powell, “In the December 2023 Fed forecast, is it still possible for this years rate cuts to bring interest rates down to around

2024-02-05Deep Dive

SFC Hong Kong: Apply for Crypto License by Feb 29, Cease Unlicensed Operations by May 31

According to official information, the Securities and Futures Commission (SFC) of Hong Kong has stated that crypto asset trading platforms operating in Hong Kong, under the transitional arrangements, must either submit a licensing application to the SFC by February 29, 2024, or cease operations in Hong Kong by May 31, 2024.　　Investors are advised to check the regulatory status of their crypto asset trading platforms and should be prepared by May 31, 2024. This preparation may include closing their accounts on platforms not on the “Licensed Crypto Asset Trading Platforms List” or “Crypto Asset Trading Platform Applicant List,” or transferring to crypto asset trading platforms licensed by the SFC.　　For applicants on the “Crypto Asset Trading Platform Applicant List” whose applications are still under process, the approval status is uncertain, and trading on these platforms carries risks.　　The SFC strongly urges investors to trade crypto assets only on platforms licensed by the SFC, as trading on unlicensed platforms may leave them unprotected.　　

2024-02-05Deep Dive

FTX Seeks Approval for Swift Sale of 8% Stake in Anthropic

Cryptocurrency exchange FTX, which is undergoing bankruptcy proceedings, is preparing to sell its most significant remaining illiquid asset: an 8% stake in the AI startup Anthropic. In October 2021, Anthropic received a $500 million investment from Sam Bankman-Fried, the former CEO of FTX. FTX has submitted a motion seeking court approval to sell its stake in Anthropic. Another motion has been filed, requesting a shortened review period for the sale motion, allowing it to be considered at the next bankruptcy court hearing on February 22. Objections to this motion must be submitted by February 15.　　The filing discloses the exact percentage of FTXs ownership in Anthropic, which is 7.84%, and outlines two primary procedures for selling the shares: auction or private sale. FTXs lawyers have redacted the price they seek for their Anthropic shares, citing that “public reference prices may adversely affect the debtors goal of obtaining higher and better offers for the Anthropic shares.”　　

2024-02-04Deep Dive

Bitcoin Spot ETF Nets $80.07 Million Inflow Yesterday, with Total Net Asset Ratio at 3.34%

According to data from SoSoValue, on February 2nd (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $80.07 million, marking the sixth consecutive day of net inflows (January 28th net inflow of $14.81 million, January 29th net inflow of $255 million, January 30th net inflow of $247 million, January 31st net inflow of $197 million, and February 1st net inflow of $38.45 million). Grayscales ETF GBTC saw a net outflow of $144 million on the same day. Excluding Grayscale, the other nine ETFs had a total net inflow of $224 million. Among them, the Bitcoin spot ETF with the highest single-day net inflow was BlackRocks IBIT, with a net inflow of $105 million, accounting for 46% of the total daily inflow. IBITs historical total net inflow has reached $3.12 billion. Following closely is Fidelitys FBTC, with a single-day net inflow of approximately $78.95 million, representing 34.8% of the total inflow, and a historical total net inflow of $2.6 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $28.16 billion, the ETF net asset ratio (percentage of market value relative to total Bitcoin market value) has reached 3.34%, and the historical

2024-02-04Deep Dive

Genesis Seeks Bankruptcy Court Approval to Sell Approximately $1.6 Billion in Grayscale Trust Assets

Digital Currency Groups subsidiary, Genesis Global Capital, has submitted a new motion to the U.S. Bankruptcy Court for the Southern District of New York, seeking authorization to sell approximately $1.6 billion worth of Grayscale Trust assets.　　According to the documents, Genesis holds assets including Grayscale GBTC shares worth about $1.4 billion, Grayscale Ethereum Trust Fund (ETHE) shares worth about $165 million, and Grayscale Ethereum Classic Trust Fund (ETCG) shares worth about $38 million.　　The company has also filed a separate motion to expedite the related deadlines for consideration at the next bankruptcy court hearing on February 8.　　Genesis initially transferred the disputed GBTC shares, used as collateral, to Gemini as part of the latters Gemini Earn program. Some of these shares were acquired through the bankruptcy from Three Arrows Capital.　　Furthermore, the company is seeking legal recourse to reclaim an additional 31,180,804 GBTC shares from Grayscale (worth about $1.2 billion) that were pledged to Gemini but never transferred. The ownership of these shares is a matter pending resolution by the court.　　

2024-02-04Deep Dive

...

3032

...

736