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The survey’s findings are a “wake-up call for the financial industry,” according to Gracy Chen, the CEO of Bitget, who stated in the report:
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Applauding the Musk-led agency’s progress, Brian Armstrong, Coinbase’s co-founder and CEO, took to social media to call for more transparency around government spending.
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South Korean lawmaker Kim Nam-kuk has been acquitted of charges related to concealing cryptocurrency holdings. The court ruled that he was not legally required to disclose virtual assets under the country’s laws at the time.
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Crypto markets temporarily dropped on Feb. 9 after US President Donald Trump said he’d slap 25% tariffs on aluminum and steel while warning he’d launch reciprocal tariffs on countries levying import fees on US goods.
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The first such criteria will require that all government payments have a payment categorization code, which was “frequently left blank, making audits almost impossible.”
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Elon Musk’s Department of Government Efficiency (DOGE) has saved US taxpayers $36.7 billion, prompting calls from crypto industry leaders for greater transparency in government spending through blockchain technology.
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Cryptocurrency exchange-traded products (ETPs) posted a fifth consecutive week of inflows, totaling $1.3 billion, with Ether-based ETPs seeing the largest inflows.
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Today in crypto, Ether exchange-traded products (ETPs) have accumulated more inflows over the past trading week than Bitcoin for the first time this year, markets dropped following news of US President Donald Trump’s planned steel and aluminum tariffs, Michael Saylor’s “Strategy” has made its first Bitcoin purchase since rebranding from MicroStrategy after posting a Bitcoin chart late on Sunday evening, Feb. 9, hinting at an impending purchase.
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Bitcoin investor sentiment remains pressured by global trade war concerns following new import tariffs announced by the United States and China.
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The series of liquidations for 3AC had a catastrophic impact on crypto lenders such as BlockFi, Voyager and Celsius. Many of the crypto lenders had to eventually file for bankruptcy themselves due to exposure to 3AC.
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3AC exchanged roughly $500 million worth of Bitcoin with the Luna Foundation Guard or the equivalent fiat amount in LUNC just weeks before Terra imploded.
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The collapse of 3AC, a Singapore-based crypto hedge fund that once managed over $10 billion worth of assets, sent shockwaves through the cryptocurrency market in 2022.
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Bitcoin proved significant price resilience, considering that it witnessed the largest daily selling pressure since the collapse of Three Arrows Capital (3AC), according to André Dragosch, head of research at Bitwise Europe.
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Bitcoin is steadily trading above the key $95,000 psychological support despite one of the largest intraday selling events since 2022.
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He says that in his experience, X is “a super interesting platform,” but “it’s still frustratingly hard to build with if you think about the developer tooling; the API is very expensive, very limiting, and you have to wait for X to do certain things, and it’s unclear how to get ideas into the product teams at X unless you know someone.”
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“In the medium term, you will probably drive a lot of users away if it becomes a totally uninformative place,” he says. “The idea behind Community Notes is to create that balance between expression and also accuracy. And so, from a commercial point of view, we have an interest then to drive that KPI of correctness.”
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“If you look at our current costs, you definitely need to be above like $1 or $2 for it to start making sense,” he says, adding he believes it would be in X’s commercial interests to redirect funding from creator rewards to prediction markets.
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While Buterin suggested a spec reward of $10 would be enough to incentivize AI agents to trade a prediction market, Minarsch says it could be even lower.
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memahara8
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Bitcoin investor sentiment remains pressured by global trade war concerns following new import tariffs announced by the United States and China.
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memahara8
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The series of liquidations for 3AC had a catastrophic impact on crypto lenders such as BlockFi, Voyager and Celsius. Many of the crypto lenders had to eventually file for bankruptcy themselves due to exposure to 3AC.
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