JPMorgan Positive About Binance Settlement
UK's Big Plans For Digital Assets, Netflix's DOGE Bet, New Zealand's Stablecoin Is Here
Welcome to Coinfeeds Daily Digest! Today we cover further developments in the crypto ETF saga as BlackRock meets the SEC, the Binance and CZ settlement story that JPMorgan sees as a positive for the industry, the UK Minister's large initiative for digital asset adoption so the country could become a crypto hub. We also cover the introduction of NZDD — the stablecoin of New Zealand pegged to the national currency, the $956 million in withdrawals from Binance since the settlement, Netflix's massive win on its director's speculative Dogecoin bet, and more!
Market Update
News
JPMorgan's Positive View on Binance Settlement Signals Market Stability
JPMorgan, a leading global financial services firm, has weighed in on the settlement between Binance, one of the largest cryptocurrency exchanges, and U.S. regulatory authorities. This settlement is being hailed as a significant step forward for the exchange and the broader crypto industry. | Read More
Changpeng Zhao's Legal Saga: Concerns Over Flight Risk and Industry Impact
The legal saga of Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, has taken a new turn as U.S. prosecutors express concerns over the possibility of him fleeing the country. Zhao has recently pleaded guilty to charges related to violating the Bank Secrecy Act. | Read More
BlackRock Met With SEC, Leading Push for Spot Bitcoin ETF
During a recent meeting with the SEC, BlackRock presented two models for their iShares Bitcoin Trust: an in-kind or in-cash redemption model. The in-kind model would involve the exchange of securities for the underlying assets, while the in-cash model would involve the redemption of ETF shares for cash. | Read More
$956 million In Outflows From Binance after CZ Steps Down
Binance has seen a significant movement of funds, with reports indicating that $956 million has been withdrawn by investors. This massive outflow comes in the wake of Changpeng Zhao, the chief of Binance, stepping down amidst a settlement with U.S. authorities. | Read More
UK Aims to Lead in Digital Assets with New Initiatives
The UK government is to pass new legislation aimed at creating a more conducive environment for the digital assets sector to thrive. This legislation will not only pave the way for the DSS but also signal the UK's commitment to becoming a global leader in digital finance. | Read More
SEC Commissioner Advocates for Bitcoin ETF Approvals
SEC Commissioner Hester Peirce has made headlines by expressing her support for the approval of Bitcoin ETFs. Peirce, known for her pro-crypto stance, has emphasized the need for a clear and conducive regulatory framework that not only encourages innovation but also ensures compliance | Read More
Appeals Court Upholds SBF's Detention
In a significant blow to Bankman-Fried's defense, the appellate court has rejected his bid for release. The court's decision was heavily influenced by his prior attempts to tamper with witnesses, which raised serious concerns about his conduct while out of custody. | Read More
New Zealand Introduces NZDD Stablecoin Pegged to National Currency
NZDD is designed to provide New Zealanders with a stable and reliable digital currency option, backed by the security of their own national currency. The initiative is a collaborative effort between Easy Crypto and Labrys, aiming to simplify the use of crypto. | Read More