The Good, The Bad, And The Unknown

Everyone has heard the Chinese proverb British misquote: “May you live in interesting times,” and how it’s supposed to be a curse. It sounds deep, like a quote for edgelords…

Why is Bitcoin price down today?

Bitcoin tumbles and risks dropping below $80K as its bearish reversal pattern enters breakdown mode. Source link

SEC acknowledges filing for Grayscale’s spot Cardano ETF

NYSE Arca has filed a proposal with the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange. Source link

Citadel Securities eyes market-making role for crypto exchanges: Report

Citadel Securities is reportedly looking to provide liquidity to the crypto markets after years of waiting for the crypto regulatory landscape in the US to improve. Source link

Superchain will reach 80% of Ethereum L2 transactions in 2025 — Optimsm exec

Sony, Coinbase, Kraken and Sam Altman’s World are all building on Optimism’s OP Stack. Source link

OKX pleads guilty, pays $505M in penalties to settle DOJ charges

OKX’s Aux Cayes FinTech Co. Ltd agreed to pay over $500 million worth of fines for operating an unlicensed money-transmitting business. Source link

South Dakota lawmakers effectively kill proposed Bitcoin bill

The House bill, which proposed allowing the US state to invest in Bitcoin, was deferred until after the legislative session ended. Source link

Analysts eye Bitcoin miners’ AI, chip sales ahead of Q4 earnings

Miners are embracing adjacent business lines to offset pressure on core mining margins from the April 2024 halving. Source link

SEC task force continues meeting with firms over crypto regulations

The US financial regulator has already closed an investigation into Robinhood Crypto and will reportedly drop its enforcement action against Coinbase. Source link

Dubai recognizes USDC, EURC as first stablecoins under token regime

The Dubai Financial Services Authority has recognized the first stablecoins under its crypto token regime: USDC and EURC. Source link