Crypto News
Bitcoin Funds Drop $319 Million as Investors Line Up to Short
Investors are betting that the biggest digital asset will drop in price in September.Source link
Binance CEO, Solana Founder Among Token2049 Highlights
The “world’s largest crypto event” is set to take place at Singapore’s Marina Bay Sands on September 18-19.Source link
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is movingSource link
Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody
Metaplanet said it was adopting bitcoin as a reserve asset to hedge against the volatility of the yen in May and had accumulated a total of 360 BTC by mid-August.Source link
Crypto Market Wobbles: Helium Gains While Zcash Leads Week’s Declines
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period. CryptoSource link