Crypto World Echo

Valkyrie amends Bitcoin Fund S-1 filing with enhanced custody and valuation rules

Valkyrie Investments refiled an amended Form S-1 with the Securities and Exchange Commission on Thursday for its Valkyrie Bitcoin Fund, adding more precise rules around custody, valuation, seed investments, and risks as the cryptocurrency investment vehicle awaits regulatory approval to trade on Nasdaq. The new filing updates the index used to value the fund’s Bitcoin from Lukka Prime to the CME CF Bitcoin Reference Rate – New York Variant, which calculates the reference rate as of 4 PM Eastern

Celsius Founder Alex Mashinsky Hit With $35M Deal and Permanent Crypto Industry Ban

Key Takeaways:Under a NY settlement, Alex Mashinsky may have to pay up to $35M in conditional payments.Celsius’s previous chief executive is banned from engaging in trading activities in the crypto, securities and commodities market.Celsius cre...

Strive Is Running Saylor’s Playbook and Has Raised Enough for 638 Bitcoin

Strive’s SATA preferred stock generated an estimated $55 million this week, enough to buy about 638 BTC, even though the shares spent three of five trading days below the price at which new issuance stops. How the 638 BTC Was Acquired The numbe...

Tether Freezes $1.45M in THORChain USDT Vaults, Then Reverses Blacklist Hours Later

Key Takeaways:The amount of about $1.45 million in USDT was temporarily frozen in THORChain vault addresses.According to THORChain, the addresses in question were not TRON based addresses, but were still blacklisted without warning.Later, Tether unfr...

A Decade-Old XRP Ledger Bug Could Have Minted XRP Out of Thin Air

The XRP Ledger quietly patched a 2015-era payment engine flaw that could have let an attacker create spendable XRP beyond the network’s fixed supply for just a few hundred XRP in reserves. What Was Actually Broken? The problem sat inside the co...

Does This $32M Whale Know Where Bitcoin’s Price Goes After $82.5K

A Hyperliquid trader is sitting on a $32.36 million bitcoin short exactly one year after the 10/10 crash that erased over $19.1 billion in leveraged bets. The Nitty Gritty Of The Matter The position surfaced earlier today, with the account holding $7...

Inflation target of 2% may not stop the next Fed rate freeze

The Fed can stop raising rates before inflation reaches 2% if officials believe the economy's already heading there without another increase.September's meeting left most unconvinced, with strong spending and persistent price increases outweighing th...

Weekly Review: AvaTrade and Trade Nation Acquire FXCM; Nasdaq Backs 24/7 Trading

The trading industry saw a major ownership change this weekas AvaTrade agreed to acquire the majority of FXCM Group’s business and brandrights. The deal followed Trade Nation’s acquisition of FXCM’s UK client book,marking another step in the restruct...

Brazilian police seize $1.7M in crypto from phishing ring’s wallets

The operation highlights growing regulatory scrutiny on self-custody wallets, potentially influencing crypto security practices and policies.The post Brazilian police seize $1.7M in crypto from phishing ring’s wallets appeared first on Crypto B...

Lithuania Aligns Crypto User Tracking Rules With EU Framework

Lithuania’s tax authority has issued updated procedures clarifying user reporting requirements for crypto asset service providers to align national rules with the EU’s DAC8 and OECD tax transparency standards. Customer Data and Due-Diligence Cr...

Bitcoin spot ETFs see $21M in net inflows on October 9

The selective inflow into Bitcoin ETFs amid broader outflows suggests a cautious investor sentiment, highlighting Bitcoin's relative appeal.The post Bitcoin spot ETFs see $21M in net inflows on October 9 appeared first on Crypto Briefing.

XRP Ledger discloses overflow bug that could have minted XRP beyond its supply cap

The XRP Ledger bug highlights the critical need for robust security measures and swift response protocols to maintain trust in blockchain systems.The post XRP Ledger discloses overflow bug that could have minted XRP beyond its supply cap appeared fir...

Bitcoin’s volatility is falling, but its extreme price swings now outpace 2018

Bitcoin's reduced average volatility masks frequent extreme swings, posing increased risks for traders and altering investment strategies.The post Bitcoin’s volatility is falling, but its extreme price swings now outpace 2018 appeared first on...

Visa survey finds nearly half of Asia-Pacific consumers likely to use stablecoins

The potential rise in stablecoin usage in Asia-Pacific could drive financial innovation but also highlights the need for better consumer education.The post Visa survey finds nearly half of Asia-Pacific consumers likely to use stablecoins appeared fir...

Robinhood Chain transactions fall more than 40% as memecoin trading cools

The decline in Robinhood Chain transactions highlights the volatility of memecoin markets and underscores the need for diversified blockchain applications.The post Robinhood Chain transactions fall more than 40% as memecoin trading cools appeared fir...

Ripple fixes 2015 bug preventing unauthorized XRP minting

Ripple's bug fix enhances XRP's stability, potentially boosting investor confidence and influencing future price dynamics amid regulatory challenges.The post Ripple fixes 2015 bug preventing unauthorized XRP minting appeared first on Crypto Briefing.

Fake Instagram Relationship Cost $211K but Losses Didn’t End at Arrest

A crypto scam courier was sentenced after Alabama officers arrested him in a sting involving a supposed $300,000 payment. The case also details how an older resident kept sending money to strangers despite authorities’ intervention. A Grocery S...

BlackRock ETF clients buy $22.38 million worth of Bitcoin

BlackRock's ETF inflows highlight growing institutional interest in Bitcoin, potentially stabilizing its market and influencing broader adoption.The post BlackRock ETF clients buy $22.38 million worth of Bitcoin appeared first on Crypto Briefing.

Hyperliquid surpasses $1B revenue, $1B used for HYPE buybacks

Hyperliquid's strategic buybacks enhance HYPE's market value, reflecting strong financial health and boosting investor confidence in its future.The post Hyperliquid surpasses $1B revenue, $1B used for HYPE buybacks appeared first on Crypto Briefing.

Credit Unions Could Face 26 New Stablecoin Reporting Fields

Credit unions involved with stablecoins could face 26 new federal reporting fields covering custody, issuer exposure, and their own holdings. The proposal seeks more detailed supervision as community institutions explore digital dollar services. Stab...