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The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The latest price moves in crypto markets in context for July 13, 2023.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
Crypto data firm CCData released the first institutional-grade scoring system that evaluates digital assets focusing on environmental, social and governance aspects.
Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
- 10:37Defunct crypto fintech firm Ziglu faces a $2.7 million funding shortfallOdaily Planet Daily News: The British cryptocurrency fintech company Ziglu, which collapsed earlier this year, faces a funding shortfall of £2 million ($2.7 million), leaving thousands of depositors facing the grim prospect of losing their investments. Reportedly, due to growing concerns over the company’s financial management, Ziglu was placed under special administration last week, after having suspended withdrawal services in May.Ziglu attracted around 20,000 customers with the promise of high-yield returns, especially through its “Boost” product, which offered yields as high as 6%. Launched during the low-interest-rate period of 2021, Boost became popular for its attractive returns. However, the product lacked safeguards or segregation measures, allowing the company to use customer funds for daily operations and lending activities. After the UK Financial Conduct Authority (FCA) intervened in May, withdrawals were frozen, and depositors’ funds have been locked for several weeks. (Cointelegraph)
- 10:27The "Insider Whale" FARTCOIN Short Position Has Increased to $18.58 MillionOdaily Planet Daily – According to on-chain analyst Ai Yi (@ai_9684xtpa), monitoring shows that the "insider whale" has increased their FARTCOIN short position to $18.58 million. Currently, all three positions are shorts, with a total unrealized profit of $547,000:BTC 40x short: holding 1,273.58 BTC, valued at $150 million, entry price $117,828.8ETH 25x short: holding 33,742.74 ETH, valued at $99.74 million, entry price $2,966.63FARTCOIN 25x short: holding 15 million FARTCOIN, valued at $18.56 million, entry price $1.2543
- 09:47Justin Sun: The Tron Community Should Take Multiple Measures to Reduce Tron Network Gas FeesAccording to Jinse Finance, Justin Sun stated that as the price of TRX continues to rise, the Tron community should adopt various measures to reduce Tron’s gas fees—whether by lowering the unit price of energy, increasing the energy cap, or encouraging energy staking—to ensure the Tron network remains competitive. Additionally, data from a certain exchange shows that TRX has increased by 6.15% over the past 7 days, 10.07% over the past 30 days, and 19.99% over the past 90 days.