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Chainlink Soars, SEC Snores & FTX Family Wars!
Dogecoin Drama, UK's Crypto Cops and more....
Hey Crypto Connoisseurs,
Welcome to Coinfeeds Daily Digest—Your Daily Dose of Crypto Chronicles!
Here's what's cooking in today's crypto cauldron:
1️⃣ Chainlink's LINK to Success: Not only is Chainlink's LINK token soaring through the stratosphere, but they're also signing partnerships faster than you can say "smart contract." The rally is attributed to Chainlink's partnership with SWIFT, the interbank messaging system, to scale tokenized asset adoption. They're the popular kid at the crypto party, and they've brought Citigroup along for the ride. 🦅📈 Citigroup has launched a tokenization service for institutional clients, aiming to streamline cash management and trade finance processes
2️⃣ Family Feud—Crypto Edition: FTX is taking family drama to a whole new level. You thought your Thanksgiving dinner was awkward? Imagine being Sam Bankman-Fried and passing the gravy to your parents after they've been slapped with a lawsuit. The filing alleges that Bankman-Fried's parents used their knowledge and influence to enrich themselves and their pet causes at the expense of FTX.🦃👨⚖️
3️⃣ SEC vs Binance.US: The Legal Soap Opera Continues: The SEC is so desperate to get into Binance.US’s software that they might as well be standing outside with a boombox over their head. But the judge isn't impressed and told them to try harder. He suggested that the SEC should provide more specific requests for discovery and speak with a broader range of witnesses.🎶⚖️
4️⃣ Dogecoin, Elon, and a $258B Lawsuit: Just when you thought the Dogecoin saga couldn't get any crazier, Elon Musk and a $258 billion lawsuit enter the chat. Suddenly, "to the moon" sounds like a legal strategy. The court filing names several Twitter accounts, including that of Billy Markus, the co-creator of Dogecoin, and accuses them of creating an unduly positive narrative around Musk and Dogecoin.🌕🚀
5️⃣ Fed's $100B Loss = Bitcoin's Gain?: Imagine losing $100 billion and having people cheer for you. That's the Fed right now. And Bitcoin investors are eyeing those losses like kids eyeing the last piece of cake. Bitcoin and other cryptocurrencies may become a viable hedge option as investors realize the boundless nature of the US government's debt ceiling.🍰💰
6️⃣ UK's Crypto Cops: The UK's putting on its police hat and getting ready to freeze some crypto baddies. Watch out, your crypto could be colder than a British winter. The bill would give law enforcement agencies new powers to freeze crypto used for money laundering, drug trafficking, cybercrime, and terrorism. The bill removes the requirement for an arrest or conviction before seizing tainted crypto assets. ❄️🚓
7️⃣ CoinEx's $70M Oopsie: Imagine losing $70 million and blaming it on a 'whoopsie.' That's CoinEx for you. They have revealed that compromised private keys led to a theft of over $70 million in tokens. The security breach is believed to be the work of North Korean hackers. They're now racing against the clock to make things right. ⏰💸
8️⃣ Binance and Ceffu: It's Complicated: The SEC wants to know if Binance.US and Ceffu are more than 'just friends.' It's like high school drama, but with subpoenas. The SEC is concerned about the use of Ceffu by Binance.US, as it involves a foreign entity having control over American customers' assets. 💌👀
9️⃣ NY's Greenlist Turns Red: New York said, "You can't sit with us" to Ripple and Dogecoin. They're off the Greenlist and probably sitting at the reject table now. The Department of Financial Services stripped nearly 20 cryptocurrencies from the list in its new guidance.🚫💚
🔟 Don't Give Up on Uncle Sam: Hester Peirce, the crypto mom of the SEC, is telling everyone to hang in there. Peirce highlighted that countries like Switzerland and Singapore are ahead in crypto regulations but noted that the US situation is different. Sure, we're behind, but maybe, just maybe, the SEC will slide into the 21st century. 🕰️🌠
Tweets of the day
OP is showering 19M OP like confetti at a New Year's Eve party! 🎊 Over 31k unique addresses are about to get more loaded than a baked potato! 🥔💰
Canto is packing bags, Real World Assets, and even the kitchen sink to set up shop on a ZK L2, courtesy of @0xPolygonLabs! 📦🏠
So dear readers, we’ve got all your crypto cravings covered for the day. Until tomorrow, keep your wallets secure and your spirits high! 🚀✌️