The Block
Multiple users on Reddit claimed that they have seen numerous login attempts on their Mt. Gox accounts.The Mt. Gox. claims website currently says it is temporarily unavailable for maintenance.
Quick Take Moody’s will provide risk analysis for the Monetary Authority of Singapore-led Project Guardian, which is studying how blockchains can change the fixed-income sector. Some financial products being studied are stablecoins, tokenized deposits, fractionalized funds and other digital asset securities. Emerging digital risks around tokenization “underscores the importance of robust cybersecurity measures and regulatory frameworks,” a senior vice president for the firm said.
Quick Take Firms vying for a spot Ethereum ETF filed what could be final amended registration statements before getting the go-ahead from the U.S. Securities and Exchange Commission to begin trading, as analysts have predicted. Firms have set their fees over the past few weeks. Financial heavyweights BlackRock and Fidelity disclosed their fees on Wednesday.
Quick Take Buterin highlighted legislative efforts in the US and EU have galvanized individuals in the crypto industry to become more politically active. These efforts are antithetical to the crypto ethos, Buterin notes. Buterin’s opinion differs from that of Mark Cuban, who stated that crypto is an important issue among young and independent voters.
Quick Take Virgil Griffith was sentenced to 63 months in 2022 after U.S. prosecutors said he violated sanctions law when he traveled to North Korea in 2019 to “deliver a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions.” U.S. District Judge Kevin Castel ordered Griffith’s sentencing to be reduced from 63 months to 56 months on Tuesday.
Quick Take Cipher Mining is exploring a potential sale after receiving takeover interest, Bloomberg reported. The Bitcoin miner’s stock surged more than 40% over the past five trading days and is up 60% year-to-date.
Grayscale launches new fund for decentralized artificial intelligence.Trump says he wants U.S. in charge of crypto before China, teases another NFT launch.German government’s bitcoin selloff nets $2.9 billion as film piracy case marches on.The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The crypto market has felt strange recently — not quite bullish, yet not quite bearish. Is conference fatigue to blame?This column is adapted from The Scoop newsletter.
Quick Take The United States Attorney’s Office for the District of Columbia filed a civil forfeiture action to obtain millions of USDT lost in pig butchering scams. The action focuses on recovering 2,546,415.01 USDT, valued equivalently in USD, from two accounts from individuals in Thailand and seized by the FBI.
Quick Take State Street is looking for ways to get involved in settling payments on the blockchain and is also considering creating a deposit token, Bloomberg reported. State Street has delved into crypto in the past. In 2021, the firm set up a new unit to focus on digital assets.
