DCG agrees deal with Genesis that would see recoveries of up to 90%
The estimated USD equivalent recoveries could account for 70% to 90% for Genesis creditors, should the amended plan be carried out. Go to Source
Cryptocurrencies
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Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis
New developments in the Bitcoin mining space have Hut8 vice president Sue Ennis convinced that well positioned miners will thrive after the next BTC halving. Go to Source
Binance adds fiat currency restrictions for Russian users
Russian residents are now the only eligible users of Binance P2P that can use the Russian ruble, but they are also not allowed to use other currencies. Go to Source
FTX suspends user accounts amid Kroll cyber breach concerns
FTX’s decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack. Go to Source
Pepecoin: Insider trading claims surface amidst token theft
On-chain analyst Yazan reports insider selling of PEPE holdings, with around 400 billion PEPE sold, aligning with Pauly’s team exposure. Go to Source
SEC vs. Ripple: Pro-XRP lawyer urges Clayton, Hinman testimony
John Deaton points out that testimony from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case would have categorized XRP as a non-security early on. Go to Source
Hashdex joins race for spot Bitcoin ETF with unique strategy
Hashdex’s approach differs from recent filings as it won’t depend on the Coinbase surveillance sharing agreement, opting to acquire spot Bitcoin from physical exchanges within the CME market. Go to Source
Multichain $1.5B hack investigation, Shibarium eyes relaunch, Base, Optimism join hands: Finance Redefined
Top-100 DeFi tokens had another mixed week, with most of the tokens trading in a similar range as last week with minor price fluctuation. Go to Source
PEPE whale seizes dip opportunity, buys $529k worth of tokens
This transaction followed this same whale’s previous transactions on 5 June 2023 where he spent 280 Ethereum (worth $507,000) to acquire 500 billion PEPE. Go to Source
XRP whale moves 29 million tokens to Bitstamp amid price slide
Additional information suggests the possibility that this whale might be selling its XRP assets, as it had previously moved 14 million XRP to Bitso just a few hours earlier. Go to Source