🗞 CryptoNews of the Day 🗞
Matrixport Founder Cites High Funding Rates and Pullback in Crypto Stocks as Reasons for Bitcoin Flash Crash: Jihan Wu, the founder of Bitcoin (BTC) mining company Bitdeer and crypto financial services firm Matrixport, has distanced his company from a report.
👉Details: https://coinmarketcap.com/academy/article/matrixport-founder-cites-high-funding-rates-and-pullback-in-crypto-stocks-as-reasons-for-bitcoin-flash-crash
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Bitcoin Flash Crashes to $40,750, Causes Over Half a Billion in Long Liquidations: On Wednesday morning Eastern Time, Bitcoin (BTC) experienced a sudden crash in a matter of minutes, as the price of Bitcoin dropped from around $45,132 to as low as $40,750.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-flash-crashes-to-dollar40750-causes-over-half-a-billion-in-long-liquidations
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2024 IRS Tax Reporting Rule on Crypto Transactions Above $10K Sparks Controversy: The Internal Revenue Service (IRS) now requires anyone who receives at least $10,000 in cryptocurrencies to report transaction information to the IRS.
👉Details: https://coinmarketcap.com/academy/article/2024-irs-tax-reporting-rule-on-crypto-transactions-above-dollar10k-sparks-controversy
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Fidelity, Galaxy and Invesco Announce Fees for Spot ETF as Deadline Inches Closer: Fidelity Investments and Galaxy & Invesco, the issuers of two proposed Bitcoin exchange-traded funds (ETFs), have set the fees they will charge if their ETFs are approved.
👉Details: https://coinmarketcap.com/academy/article/fidelity-galaxy-and-invesco-announce-fees-for-spot-etf-as-deadline-inches-closer
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🗞 CryptoNews of the Day 🗞
Jim Cramer Changes Stance on Bitcoin: “You Can’t Kill It”: Longtime crypto critic Jim Cramer has made a surprising change of stance by expressing a newfound appreciation for Bitcoin, calling it a "technological marvel" that cannot be killed.
👉Details: https://coinmarketcap.com/academy/article/jim-cramer-changes-stance-on-bitcoin-you-cant-kill-it
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No Second Criminal Trial for Sam Bankman-Fried, Prosecutors Say: Federal prosecutors have announced that FTX founder Sam Bankman-Fried will not face a second criminal trial, according to a letter filed in New York federal court on Friday.
👉Details: https://coinmarketcap.com/academy/article/no-second-criminal-trial-for-sam-bankman-fried-prosecutors-say
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Cross-chain Bridge Orbit Chain Confirms Exploit Worth Over $81 Million: Cross-chain bridge Orbit Chain has confirmed that it suffered an unauthorized breach of access to its ecosystem on December 31.
👉Details: https://coinmarketcap.com/academy/article/cross-chain-bridge-orbit-chain-confirms-exploit-worth-over-dollar81-million
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🗞 CryptoNews of the Day 🗞
El Salvador Approves Law Granting Expedited Citizenship for Bitcoin “Donations”: El Salvador's Congress has reportedly approved a new migration law that will grant expedited citizenship to foreigners who make Bitcoin (BTC) "donations."
👉Details: https://coinmarketcap.com/academy/article/el-salvador-approves-law-granting-expedited-citizenship-for-bitcoin-donations
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🗞 CryptoNews of the Day 🗞
Stablecoin Issuer Circle Obtains Conditional DASP Registration in France: Stablecoin issuer Circle has obtained conditional registration as a digital asset service provider (DASP) from France's Financial Markets Authority (AMF).
👉Details: https://coinmarketcap.com/academy/article/stablecoin-issuer-circle-obtains-conditional-dasp-registration-in-france
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🗞 CryptoNews of the Day 🗞
Solana’s DeFi DEX Volume Surpasses Ethereum’s For the First Time: Solana (SOL) has achieved a significant milestone by surpassing Ethereum (ETH) in terms of decentralized exchange (DEX) trading volume over the past week.
👉Details: https://coinmarketcap.com/academy/article/solanas-defi-dex-volume-surpasses-ethereums-for-the-first-time
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Trezor Wallet Now Supports Solana and SPL Tokens: Trezor, a leading manufacturer of web3 hardware wallets, has expanded its support to include two new tokens: Solana (SOL) and Solana Program Library (SPL) tokens.
👉Details: https://coinmarketcap.com/academy/article/trezor-wallet-now-supports-solana-and-spl-tokens
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🗞 CryptoNews of the Day 🗞
China Records First Cross-Border Settlement for Precious Metals Using e-CNY CBDC: China recorded its first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (CBDC), also known as the e-CNY.
👉Details: https://coinmarketcap.com/academy/article/china-records-first-cross-border-settlement-for-precious-metals-using-e-cny-cbdc
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🗞 CryptoNews of the Day 🗞
Bitcoin Spot ETF Catalyst for a 'Major Bull Run' in 2024, Says Saylor: Bitcoin spot ETF will be the biggest development on Wall Street in last 30 years, says Saylor.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-spot-etf-catalyst-for-a-major-bull-run-in-2024-says-saylor
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Ethereum Restaking Protocol EigenLayer Surpasses $900M in Deposits: EigenLayer, a protocol for restaking and cross-chain security on Ethereum (ETH), has witnessed a remarkable surge in user deposits, surpassing the $900 million mark.
👉Details: https://coinmarketcap.com/academy/article/ethereum-restaking-protocol-eigenlayer-surpasses-dollar900m-in-deposits
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Web3 Gaming Project Immutable Launches “Passport” Feature With Wallet Recovery Using Apple and Google: Web3 gaming company Immutable has introduced a new wallet infrastructure called "Immutable Passport."
👉Details: https://coinmarketcap.com/academy/article/web3-gaming-project-immutable-launches-passport-feature-with-wallet-recovery-using-apple-and-google
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🗞 CryptoNews of the Day 🗞
European Central Bank (ECB) Publishes Draft Rulebook for Digital Euro Payments: The European Central Bank (ECB) has published a report on the draft of its rulebook for digital euro payments.
👉Details: https://coinmarketcap.com/academy/article/european-central-bank-ecb-publishes-draft-rulebook-for-digital-euro-payments
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#CMCLabs 🤝 GAIMIN
#CMCLabs, our exclusive accelerator program for Web3 startups, has teamed up with #GAIMIN to help them win big in #Web3 Gaming.
CoinMarketCap will be assisting Gaimin in reaching its full potential through education, networking opportunities and amplified global awareness! 💪
Game on! 🔥
👉Details: https://coinmarketcap.com/academy/article/gaimin-selected-as-incubatee-of-cmc-labs
🗞 CryptoNews of the Day 🗞
Drake-Endorsed Crypto Betting Platform Stake Secures Naming Rights to Sauber's F1 Car in Two-Year Deal: Cryptocurrency betting and casino platform Stake has secured the naming rights to Sauber's Formula 1 car in a multi-year deal, becoming the team's title sponsor for the next two years.
👉Details: https://coinmarketcap.com/academy/article/drake-endorsed-crypto-betting-platform-stake-secures-naming-rights-to-saubers-f1-car-in-two-year-deal
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🗞 CryptoNews of the Day 🗞
Dymension Announces “Genesis Rolldrop,” Ethereum, Solana, Cosmos Users Can Claim DYM Tokens: Dymension, a layer-1 blockchain built on Cosmos, has announced a "genesis rolldrop" of its DYM token to more than a million crypto users across various chains and projects. The airdrop is open to users who meet certain criteria, with approximately 70 million DYM tokens (7% of the supply) being offered.
👉Details: https://coinmarketcap.com/academy/article/dymension-announces-genesis-rolldrop-ethereum-solana-cosmos-users-can-claim-dym-tokens
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Indonesia’s Law Enforcement Clamps Down on 10 Bitcoin Mining Operations: Indonesian police authorities have reportedly closed down 10 Bitcoin mining operations, accusing the miners of electricity theft amounting to nearly $1 million.
👉Details: https://coinmarketcap.com/academy/article/indonesias-law-enforcement-clamps-down-on-10-bitcoin-mining-operations
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Vitalik Buterin Shares Ethereum Roadmap For 2024, Focuses on Six Key Components: Ethereum co-founder Vitalik Buterin has shared the Ethereum roadmap for 2024, outlining the project's continued focus on six main components.
👉Details: https://coinmarketcap.com/academy/article/vitalik-buterin-shares-ethereum-roadmap-for-2024-focuses-on-six-key-components
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🗞 CryptoNews of the Day 🗞
Bitcoin Rallies Past $45,000 Level As Spot BTC ETF Deadline Nears: Bitcoin (BTC) rallied above $45,000, buoyed by investors' anticipation of a potential approval of spot Bitcoin exchange-traded funds (ETFs).
👉Details: https://coinmarketcap.com/academy/article/bitcoin-rallies-past-dollar45000-level-as-spot-btc-etf-deadline-nears
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🗞 CryptoNews of the Day 🗞
Argentina's Foreign Minister Claims New Decree Legalizes Bitcoin and Other Crypto Assets for Contracts and Payments: Diana Mondino, Argentina's Minister of Foreign Affairs, International Trade, and Worship, has asserted that a recently passed decree legalizing the use of certain currencies in contracts.
👉Details: https://coinmarketcap.com/academy/article/argentinas-foreign-minister-claims-new-decree-legalizes-bitcoin-and-other-crypto-assets-for-contracts-and-payments
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🗞 CryptoNews of the Day 🗞
3AC Liquidators Teneo Freeze Assets of Founders Su Zhu, Kyle Davies Worth $1.4B: Teneo, the firm overseeing the liquidation of crypto hedge fund Three Arrows Capital (3AC), has frozen approximately $1.4 billion worth of assets belonging to 3AC co-founders.
👉Details: https://coinmarketcap.com/academy/article/3ac-liquidators-teneo-freeze-assets-of-founders-su-zhu-kyle-davies-worth-dollar14b
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Ledger Plans To Reimburse Victims After Connect Kit Exploit: Hardware cryptocurrency wallet provider Ledger has pledged to reimburse all affected users who lost funds in the recent Ledger Connect Kit exploit.
👉Details: https://coinmarketcap.com/academy/article/ledger-plans-to-reimburse-victims-after-connect-kit-exploit
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Cardano Foundation Partners With Brazil’s State-Owned Oil Company for Blockchain Education: The Cardano Foundation has announced a strategic partnership with Petrobras, Brazil's state-owned oil company, to provide blockchain education.
👉Details: https://coinmarketcap.com/academy/article/cardano-foundation-partners-with-brazils-state-owned-oil-company-for-blockchain-education
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🗞 CryptoNews of the Day 🗞
Ripple Registers as Virtual Asset Service Provider in Ireland Ahead of MiCa: Ripple, the enterprise blockchain development firm, has registered with the Central Bank of Ireland as a virtual asset service provider (VASP).
👉Details: https://coinmarketcap.com/academy/article/ripple-registers-as-virtual-asset-service-provider-in-ireland-ahead-of-mica
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🗞 CryptoNews of the Day 🗞
Senator Warren Escalates Criticism of Crypto Industry Groups in New Letters: Senator Elizabeth Warren, D-Mass., has intensified her criticism of the crypto industry in a series of letters sent to industry groups and the Coinbase exchange.
👉Details: https://coinmarketcap.com/academy/article/senator-warren-escalates-criticism-of-crypto-industry-groups-in-new-letters
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Foresight Ventures Launches Third $10 Million Accelerator, Focusing on AI and Bitcoin Ordinals: Venture capital firm Foresight Ventures is expanding its support for blockchain and Web3 innovation with the launch of its third $10 million accelerator program.
👉Details: https://coinmarketcap.com/academy/article/foresight-ventures-launches-third-dollar10-million-accelerator-focusing-on-ai-and-bitcoin-ordinals
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🗞 CryptoNews of the Day 🗞
Do Kwon's Extradition to US Delayed as Montenegro Appeals Court Orders Review: The extradition of Terra Labs’ Do Kwon to the United States has been temporarily halted as a Montenegro court has ordered a review of the case.
👉Details: https://coinmarketcap.com/academy/article/do-kwons-extradition-to-us-delayed-as-montenegro-appeals-court-orders-review
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