Courts Approve $2.7B Binance Settlement, CZ Will Pay $150M
Bitfinex's Makes History With Tokenized Bond, ETF Issuers Push 3 Crypto Ads, 11,640 ETF Just Burned
Welcome to Coinfeeds Daily Digest! Today we cover new developments in hardware wallet companies as Trezor begins supporting the Solana ecosystem and Ledger promises to return lost funds to victims of the recent ConnectKit hack. Algorand sparked a partnership with Crust Network intending to advance decentralized storage and expand its tooling offering. We also cover Tether blacklisting 6 wallets — Ethereum and Tron — linked to the Finiko pyramid scheme, Ethereum having just burned ETH worth $26 million, Bitfinex launching the first tokenized bond on Liquid Network and raising $5 million in USDT through its issuance. ETF issuers are starting their competition for the public's attention as they push 3 crypto ads in 48 hours.
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Courts Approve $2.7B Binance Settlement With CFTC; CZ Will Pay $150M
The court's ruling requires Binance to pay a substantial amount as part of the settlement. The crypto exchange will disgorge $1.35 billion in transaction fees that were deemed ill-gotten, in addition to paying a penalty of the same amount to the CFTC. Furthermore, CZ will personally pay a $150 million civil monetary penalty. | Read More
Bitfinex Launches First Tokenized Bond On Liquid Network, Making History
Bitfinex Securities has successfully raised over $5 million in USDT, a stablecoin pegged to the US dollar, through the issuance of this novel bond. The bond, which carries the ticker ALT2612, has a 36-month tenor and offers investors a 10% coupon, which is the interest rate paid to bondholders. | Read More
ETF Issuers Push 3 Crypto Ads in 48 Hours
The issuers of Bitcoin exchange-traded funds (ETFs) ramp up their advertising efforts to attract investors. In a span of just 48 hours, major players in the ETF space, Bitwise and Hashdex, have released a total of three crypto ads, signaling their confidence in the potential approval and success of their financial products. | Read More
Ethereum Just Burned 11,640 ETH Worth $26M
EIP-1559 introduced a new transaction fee model that includes a variable base fee for each transaction. This base fee fluctuates with network demand and is destroyed rather than being awarded to miners as it was previously. The recent burn event saw 11,640.44 ETH, valued at approximately $26 million, removed from the supply. | Read More
Algorand and Crust Network Forge Partnership For Storage
The Algorand Foundation, known for its commitment to building a borderless economy, has recently announced a strategic collaboration with Crust Network, a blockchain platform dedicated to decentralized storage and hosting solutions. This partnership is set to bring a new level of user experience to the ecosystem. | Read More
Tether Blacklists Wallets Tied to Finiko Scheme
Tether, a leading issuer of stablecoins, has recently blacklisted a total of six wallets. This action was taken in response to suspicious transactions that may be connected to the notorious Finiko pyramid scheme. The blacklisted wallets include five that are part of the Ethereum network and one from the Tron network. | Read More