Bitcoin Breaks Past $40,000
SoFi Scared Out Of Crypto By Regulators, Osmosis & UX CHain Propose Cosmos Merger, Mantle Launches Liquid Staking On ETH
Welcome to Coinfeeds Daily Digest! As Bitcoin hits $40K for the first time since April 2022 and gold reaches a new all-time high, we're seeing further developments in the Binance story as the new CEO Richard Teng addresses what caused compliance failures, developments in partnerships and integrations where Standard Chartered-backed Zodia Custody is joining Ripple's Metaco storage network and Osmosis, UX Chain are proposing a merger with the Cosmos ecosystem. In other news, Mantle is rolling out its liquid staking protocol on Ethereum mainnet, Forbes Under 30 is to be listed on Ethereum, Epic Games embraces crypto by welcoming all of Ethereum Scaler Immutable games to its store, and more below!
Market Update
News
Bitcoin Breaks Past $40,000 First Time In 19 Months
Bitcoin, the leading digital currency, has soared past the $40,000 mark for the first time since April 2022. This significant milestone represents a 15% increase over the past month and a more than twofold increase from the previous year. | Read More
CEO Richard Teng: Binance’s Explosive Growth Led to Compliance Failures
Richard Teng, stepping into the role of CEO amid Binance’s challenges, has emphasized the importance of compliance and regulatory adherence for Binance's operations. Acknowledging the past missteps, Teng has made it clear that the company is now prioritizing the hiring of individuals with strong regulatory backgrounds. | Read More
Forbes Under 30 To List On Ethereum Blockchain
Forbes has announced the integration of its prestigious Under 30 list with the Ethereum blockchain. This innovative step not only marks a significant moment for the intersection of traditional media and cutting-edge technology but also sets a new standard for data preservation. | Read More
Osmosis, UX Chain Propose Merger With Cosmos Ecosystem
The Cosmos ecosystem, known for its interconnected blockchain networks, is on the brink of a significant development. Two of its prominent projects, Osmosis and UX Chain, have put forward a proposal for a merger that could reshape the landscape of decentralized finance (DeFi) within the network. | Read More
105,248 ETH Destroyed Over The Past Month: Ethereum Burns Way More ETH Than It Issues
Over the past month, the Ethereum network has reported a substantial decrease in the number of Ether tokens in circulation. According to recent data, the Ethereum network has destroyed a total of 105,248 ETH while issuing only 70,655 ETH, which resulted in a net reduction of 34,579 ETH from the supply. | Read More
Mantle Unveils Liquid Staking on Ethereum
Ethereum's ecosystem has taken a significant leap forward with the introduction of Mantle's non-custodial liquid staking protocol. This new protocol, now live on the Ethereum mainnet, is set to revolutionize how users interact with the network's staking mechanism. | Read More
SoFi Exits Crypto: Scared Off By Regulator
SoFi, a prominent fintech company, made a strategic shift away from cryptocurrency services. This decision has been largely attributed to the growing pressure from regulatory bodies, which has created an uncertain environment for companies operating within the crypto space. | Read More
Epic Games Store Has Every Game from Ethereum Scaler Immutable
The Epic Games Store, known for its vast library of games and the popular title Fortnite, has started listing games that use Immutable's blockchain technology. This move marks a notable intersection between traditional gaming platforms and the emerging world of blockchain gaming. | Read More