Near Foundation CEO Marieke Flement resigns
The Near Foundation treasury grew to $350 million under Flament’s tenure. Go to Source
Cryptocurrencies
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Tether 2023 stablecoin loans rise despite size-down announcement in 2022
Tether said the new loans were made on request of some of their long-standing partners and they plan to cut it down to zero by 2024. Go to Source
Busan is developing an Ethereum-compatible mainnet to become a ‘Blockchain City’
The city administration behind the project aims to make Busan a blockchain city and has launched a $75 million development plan to realize the goal. Go to Source
Troubled crypto exchange JPEX applies for deregistration in Australia
The unlicensed exchange allegedly solicited than $128 million from users before being reprimanded by the Hong Kong Securities and Futures Commission. Go to Source
Discord crypto trading bot shuts down after ‘critical exploit’
The bot was valued at $16.5 million during its token debut last month. Go to Source
Grayscale files for new Ether Futures ETF: Official
Grayscale debuted its first two Ethereum futures contracts in 2021, and is now planning to launch the new Grayscale Ethereum Futures Trust ETF. Go to Source
Grayscale officially abandons post-Merge PoW Ethereum tokens
One year after the Ethereum Merge, Grayscale has finally taken a decision to abandon all the rights to proof-of-work Ethereum tokens. Go to Source
Crypto makes up 70% of South Korean overseas assets: National Tax Service
1,432 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets. Go to Source
Chamber of Digital Commerce launches Digital Power Network miners’ coalition
The new advocacy group already represents over half the country’s Bitcoin hash rate and will seek to shape energy policy and champion Bitcoin and blockchain. Go to Source
Interest rate hikes may pause very soon — Here’s why
This week, The Market Report discusses Bitcoin’s recent price action and the upcoming FOMC meeting, where some speculate interest rates might be paused. Go to Source