SEC Can Try to Appeal Groundbreaking XRP Ruling, Judge Rules

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A federal judge has let the U.S. Securities and Exchange Commission (SEC) argue it can appeal against her ruling that Ripple didn’t violate securities laws in making XRP available to retail traders by putting it on exchanges. Judge Analisa Torres, of the U.S. District Court for the Southern District of New York, granted the request … Read more

Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports

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Securities regulators are poised to approve ether (ETH) futures ETFs for trading in the U.S., Bloomberg reported on Thursday. Several firms have applied to list these exchange-traded funds, which would hold derivatives contracts tied to ether – rather than ether itself. But they need the U.S. Securities and Exchange Commission’s blessing, something Bloomberg said might … Read more

Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether

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Cryptocurrency traders suffered $1 billion of losses in liquidations over the past 24 hours, according to Coinglass data, as digital-asset markets suffered one of their worst sell-offs of the year and bitcoin’s price fell to a two-month low. Bitcoin, the largest and original cryptocurrency, tumbled 7% to about $26,900, after earlier in the day dropping … Read more

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval

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Bankrupt crypto lender Celsius is to hold a vote on its plan to sell assets to the Fahrenheit consortium, after a judge on Thursday approved disclosures that suggested creditors can expect to recover 67%-85% of holdings. Approval marks a final stepping stone on Celsius’ year-long march out of bankruptcy and the return of funds to … Read more

Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk

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Bitcoin DVOL, a volatility index, jumped to 48.5% from 36% in annualized terms. Funding rates on OKX, Deribit and Bybit crashed to -10% in annualized terms. Funding rates in bitcoin (BTC) perpetual futures listed worldwide crashed late Thursday after a sudden price slide put the recently popular short volatility bets at risk. Perpetuals are futures … Read more

Crypto Lender Exactly Hit by $12M Bridge Exploit

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Exactly Protocol, a decentralized credit market on the Optimism network, has been targeted by a bridge exploit worth as much as $12 million. The hacker used an exploiter contract on Ethereum that transferred deposits to Optimism before ultimately bridging stolen funds back to Ethereum, blockchain security firm De.Fi said in a tweet. It is estimated … Read more

First Mover Americas: Bitcoin Tumbles Below $26.5K

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This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Bitcoin (BTC) has dropped 7% over the past 24 hours, plunging to levels not seen since June as the digital-asset market witnessed one … Read more

Saying Goodbye to The Airdrop

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Hi, everyone. I have the unfortunate duty of informing you that this is the last edition of The Airdrop. We are enormously grateful to Rosie Perper for leading this project and to various other members of the CoinDesk team who helped pull it together each week. Sadly, after a round of layoffs and cost-cutting at … Read more