Top Stories This Week
Paxos confirms it’s responsible for paying a $500K Bitcoin transaction fee
– Paxos paid a $500K fee to move $2,000 in Bitcoin, which was a mistake
– The Bitcoin miner who received the fee returned the funds to Paxos
Court approves sale of FTX digital assets
– A bankruptcy court approved the sale of FTX digital assets in weekly batches
– The sale does not include Bitcoin, Ether, and certain other tokens
Gemini Earn users could recover all funds in new DCG remuneration scheme
– Digital Currency Group proposed a new agreement plan for creditors of Genesis Global
– The plan suggests that Gemini Earn users could recover all their funds
Franklin Templeton files for spot Bitcoin ETF
– Asset manager Franklin Templeton applied to launch a spot Bitcoin exchange-traded fund
– The fund would be structured as a trust
Two more top executives depart Binance.US amid layoffs, SEC action
– Several top executives have left Binance.US, including the CEO
– The departures are believed to be related to the ongoing U.S. investigation into Binance
Winners and Losers
– Bitcoin is priced at $26,465, Ether at $1,628, and XRP at $0.50
– The top three altcoin gainers of the week are Toncoin, VeChain, and Bitcoin Cash
– The top three altcoin losers of the week are ApeCoin, Astar, and Flare
Most Memorable Quotations
– “I think my generation and younger than me are the ones that are really going to change that narrative for investing, whether it’s in cryptocurrency or other investments moving forward.” – Scotty James, Australian snowboarder
– “The only country I would not encourage you to start a company right now is in the U.S.” – Brad Garlinghouse, CEO of Ripple
– “We’re still in the fax era of global payments.” – David Marcus, former PayPal executive and co-founder of Lightspark
– “I don’t think everybody in D.C. actually fully realizes how powerful the crypto voting community block is.” – Brian Armstrong, CEO of Coinbase
– “You cannot get 100% transparency and 100% privacy.” – Alex Svanevik, CEO of Nansen
– “Climate change is still a systemic threat to our species. I think as a society, we kind of owe it to ourselves to do anything that we can.” – Marek Olszewski, CEO of Celo
Prediction of the Week
– Bitcoin price all-time high will precede 2024 halving, according to a BTC price prediction
FUD of the Week
– Stoner Cats 2 LLC (SC2) has agreed to a cease-and-desist order from the SEC for conducting an unregistered offering of crypto-asset securities
– Karl Greenwood, co-founder of OneCoin, has been sentenced to 20 years in prison for fraud and money laundering
– The CoinEx hack was carried out by the North Korean hacker group Lazarus
