Explosive BTC investments, SEC chairman emphasized the goal of investor protection etc., according to cryptonew, the outstanding news about the crypto market in the last 24 hours.
Highlights of the crypto market: Attachment messages
- According to CoinShares data, digital asset investment products saw total inflows of $ 1.47 billion over the past week, the largest with significant margins. The previous weekly record was set in February with inflows totaling $ 640 million. Bitcoin (BTC) saw 99% of total inflows totaling $ 1.45 billion last week after a BTC futures ETF launched in the US last week. CoinShares says other regions also saw inflows into BTC products totaling $ 138 million, although there was evidence of profit-taking on some older investment products that saw inflows. Ethereum (ETH) has seen outflows for the third straight week, they added, noting that it was “a small gain as prices closed at all-time highs”.
- NEAR Ecosystem (NEAR) announced $ 800 million in funding initiatives aimed at accelerating the growth of the ecosystem. They said they will focus on decentralized finance pools (DeFi).
- Unique Network, a non-fungible token chain (NFT) for Polkadot (DOT) and Kusama (KSM), claims to have raised $ 11.3 million on its second presale, bringing total revenue to $ 16 million have increased. The investment round was led by Outlier Ventures, among others.
- SkyBridge Capital’s Anthony Scaramucci claims his BTC storage is now worth over $ 1 billion.
Highlights of the crypto market: Regulatory News
The chairman of the US Securities and Exchange Commission, Gary Gensler, emphasized that his goal is to protect investors in the “wild west” of cryptocurrencies. He also said that most of the crypto asset space is not investor protected and therefore investors are not protected when entering the stock or bond market.
The US Commodity Futures Trading Commission (CFTC) is investigating whether the Polymarket betting platform will allow customers to trade swaps or binary options and should register with the agency, Bloomberg reported. The company has stated that it is committed to complying with laws and regulations.
Highlights of the crypto market: Payment messages
Jane Fraser, CEO of Citigroup, told Yahoo! The financing that the banking giant is building the infrastructure for real-time payments in retail is doing it “very carefully, because the space is moving so quickly”. “There are still many questions about how the space around regulatory clarity, around a certain scalability, around resilience, certainly around a certain transparency and security.
Highlights of the crypto market: News about new products and services
BlockFi, a crypto financial services company, and Neuberger Berman, an independent, privately owned, employee-owned investment manager, have announced a partnership to develop and sell a wide range of cryptocurrency management products and strategies. They added that these products and strategies will be housed in a separate entity called BlockFi nb LLC.
Frances Haugen, a former Facebook product manager and whistleblower, is practicing a crypto holding strategy to stay financially strong, reports the New York Times. The store did not specify which cryptocurrency Haugen bought.
NYDIG, second quarter digital banking solutions provider and cryptocurrency company, announced that Five Star Bank (NY) and UNIFY Financial Credit Union will be the first financial institutions in the United States to allow customers and their bank members to buy bitcoin , for sale and hold, operated by NYDIG. These organizations can now offer Bitcoin services to their customers and members while helping to break down barriers such as wallets and key management.
Highlights of the crypto market: Security messages
Millions of email addresses linked to the cryptocurrency market data website CoinMarketCap (CMC) have been compromised, the website hasibeenpwned.com has reported for data breach. The data aggregator has stated that it believes “the leak was not from CoinMarketCap servers” and “there is no trace of a security breach on our servers”.
Highlights of the crypto market: Legal news
The decentralized finance company (DeFi) Terra Finance is suing the SEC to challenge a subpoena from the SEC that after talking about the Mirror Protocol, a Terra-based DeFi protocol that allows users to “synthetic” asset trading, price movements track real assets, such as Netflix and Tesla stocks. The lawsuit also alleges that the SEC broke its own rules by hiring an outside private litigation service company to “intimidate and defame” subpoenas at a crowded conference.
Highlights of the crypto market: News about NFTs
According to a job posting, the social network Reddit intends to build a non-fungible token (NFT) platform to buy and sell crypto collectibles. They recognize a new and exciting, rapidly growing group aiming to build the largest creation economy on the internet powered by independent creators, digital goods, and NFTs.
Highlights of the crypto market: Charity
Crypto.com has announced that it will donate $ 1 million directly to the nonprofit Water.org to support its mission to provide access to clean water around the world and will launch initiatives to serve more than 10 million users to encourage worldwide support for this cause.
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