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ApeFest Attendees Report Severe Eye Burn. BAYC Says Less Than 1% Have Symptoms

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ApeFest Attendees Report Severe Eye Burn. BAYC Says Less Than 1% Have Symptoms

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Attendees of a ApeFest, an event hosted by Bored Ape Yacht Club creators Yuga Labs, have been receiving medical care after reporting blurred vision and burning eyes.[/]

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XRP, LINK, DOGE Lead Altcoin Gains as Bitcoin Sits at $35K

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XRP, LINK, DOGE Lead Altcoin Gains as Bitcoin Sits at $35K

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Altcoins posted gains of 5%-10% on Monday while bitcoin (BTC) treaded water near $35,000 as investors ventured into riskier tokens as calls for an altcoin season emerge.[/]

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Proof Group, Member of Celsius-Winning Fahrenheit Consortium, Is in the Running to Reboot Crypto Exchange FTX: Sources

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Proof Group, Member of Celsius-Winning Fahrenheit Consortium, Is in the Running to Reboot Crypto Exchange FTX: Sources

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There are many moving parts in the FTX bankruptcy, and a restart would have to deal with various aspects of claims, token lockups and compliance issues. The process is not straightforward. Bankrupt crypto lender Voyager attracted a number of hopeful bidders looking to restructure the firm, offer tokens to creditors and so on, to no avail, offering a case study on how tricky reboot plans can be, said bankruptcy expert Thomas Braziel, founder of 117 Partners.

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Sam Bankman-Fried Will Not Be Crypto’s Albatross

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Sam Bankman-Fried Will Not Be Crypto’s Albatross

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Of course, as former CoinDesker Michael McSweeney wrote in a recent Blockworks op-ed, the industry will likely be irrevocably changed by SBF. In the same way that the collapse of Mt. Gox accelerated the formation of regulations around the world (in particular in Japan, where Mt. Gox was based, and in New York State with the BitLicense), legislatures have mobilized to pass laws to prevent the next FTX.

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Bitcoin (BTC) Works in Inflationary and Deflationary Periods Says Ark’s Cathie Wood

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Bitcoin (BTC) Works in Inflationary and Deflationary Periods Says Ark’s Cathie Wood

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BTC’s reputation as a potential inflationary protection investment is in step with the crypto’s comparisons to digital gold. While Wood acknowledged that actual gold can also work as a hedge against both inflation and deflation, she maintained that bitcoin would be her choice “hands down” if she had to choose an asset to hold for the next 10 years.

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Indian Police Arrest 8 Suspects, Including 4 Cops, in $300M Crypto Scam: Report

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Indian Police Arrest 8 Suspects, Including 4 Cops, in $300M Crypto Scam: Report

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Crypto Funds See $767M Six-Week Inflow, Best Since 2021 Bull Market: CoinShares

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Crypto Funds See $767M Six-Week Inflow, Best Since 2021 Bull Market: CoinShares

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Bitcoin (BTC) funds still dominate the asset class, bringing in most of the inflows, some $229 million last week and $842 million this year. This is likely supported by the growing odds of a spot-based bitcoin ETF getting an approval in the U.S. and some softer macroeconomic data, Butterfill explained.

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Smart Contract Platform Llama Raises $6M From Investors Including Founders Fund, Electric Capital

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Smart Contract Platform Llama Raises $6M From Investors Including Founders Fund, Electric Capital

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Smart contract platform Llama has raised $6 million in seed funding from Founders Fund and Electric Capital, with other investors including Sandeep Nailwal, the co-founder of the Polygon blockchain, and Stani Kulechov, the founder of lending protocol Aave.

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7 Successful Strategies of Crypto Traders

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7 Successful Strategies of Crypto Traders

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Some traders have embraced what might be a Crypto Spring, while others are still skittish and scarred by the bear market. “It’s tough for traders. We’re human beings, we’re emotional,” says Christopher Inks, who runs the trading group Texas West Capital. Inks says that for many traders who were so accustomed to the sluggish price action of 2022, “there’s a recency bias, and it can be hard to get the idea that the bottom is in.” Inks, like Zduńczyk, is a believer in a new bull market, as “the fact is that we’ve been rallying for just about a year now.”

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US Treasuries Spearhead Tokenization Boom

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US Treasuries Spearhead Tokenization Boom

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The buyers of these tokens include traders, investors, DAO treasurers, and wealth management firms. “This is specifically interesting for people who are already in stablecoins, and looking for diversification, and who are looking for yield with very little risk,” says Nils Behling, COO of Tradeteq, a U.K-based private debt and real-world asset marketplace, which recently launched tokenized treasuries on the XDC blockchain.

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