Crypto

BlackRock’s iShares Bitcoin Trust (IBIT) has experienced a significant shift in investor sentiment, with zero inflows recorded for the first time since the introduction of Bitcoin ETFs in the US. This marks the end of a 71-day streak during which the ETF consistently attracted millions of dollars in daily investments. While other Bitcoin ETFs also experienced a slowdown in inflows, Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF managed to secure inflows of $5.6 million and $4.2 million respectively. (Read More)

The US Securities and Exchange Commission (SEC) has filed a motion for billions of dollars in disgorgement and civil penalties against Terraform Labs and co-founder Do Kwon. The SEC is seeking $4.7 billion in disgorgement and prejudgment interest, along with $520 million in civil penalties. Terraform and Kwon have proposed lower penalties, and the SEC is also considering additional measures to prevent future violations. (Read More)

The US and Nigeria are set to discuss the digital economy, AI advancement, and economic ties at a conference in Abuja. (Read More)

The US IRS has introduced Form 1099-DA for cryptocurrency brokers to report digital asset transactions, aiming to improve compliance and ensure accurate tax reporting from digital assets starting January 1, 2025. (Read More)

Binance, one of the leading cryptocurrency exchanges, has announced a scheduled system upgrade to enhance overall performance and stability. During the upgrade, users may experience temporary disruptions in services such as new user registrations, logins, and trading. However, the exchange assures users that their funds will remain secure throughout the process. (Read More)

Senators Kirsten Gillibrand and Cynthia Lummis have introduced the Lummis-Gillibrand Payment Stablecoin Act, a new bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins. The bill aims to protect consumers, promote innovation, and maintain the dominance of the US dollar while addressing concerns related to money laundering and illicit finance. (Read More)

UK Finance is launching an experimental phase to explore the UK Regulated Liability Network’s potential in payment-upon-delivery, homebuying process improvements, and digital bond settlement, aligning with Project Rosalind. (Read More)

Binance Academy is launching university-accredited blockchain and digital asset programs in collaboration with European institutions. Enrollment fees are discounted by 10 USDT, with successful completion offering a co-branded certificate and 60% discount during a limited-time discount period. (Read More)