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Binance Bungles Accounting for Helium Tokens, Overpays Clients Millions: Sources
The Helium network has two tokens, HNT and MOBILE. Binance counted them as one, HNT, resulting in a windfall for customers who deposited the less valuable MOBILE.
Binance’s Attempt to Buy Voyager Digital’s Assets Complicated by National Security Concern: Sources
A Binance spokesman said “xenophobia” is underlying talk of a possible review by a key U.S. government panel that examines foreign takeovers.
Investors Add $74M to Crypto-Focused Valkyrie Trusts
New SEC filings showed additional sales for the investment firm’s Tron and Avalanche trusts.
Crypto Giant FTX Eyes Raising Money to Fund Acquisitions: Source
Sam Bankman-Fried’s exchange is raising capital as it considers a retail-focused deal, a person familiar with the matter said.
Crypto Auditing Platform Sherlock Raises $4M in Funding
The protocol features an open auditor competition to help find smart contract vulnerabilities
Pantera Capital Loses Another Senior Exec as Crypto Hedge Fund’s CFO Departs: Source
Ryan Davis is leaving and Matt Gorham, a long-time Pantera employee, will temporarily fill the job as the senior-executive exodus continues.
US Treasury to Recommend Issuing Digital Dollar if in National Interest: Source
The Treasury Department, in what may be its most important recommendation spurred by President Joe Biden’s executive order on crypto, will suggest how to move forward on a CBDC.
Pantera Capital’s Exodus Broader Than Previously Reported: Sources
Terence Schofield, the firm's chief technical officer, and John Jonson, head of the capital formation team, join the list of departing employees.
House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress
Internal plans to release a draft by this week were put off as the factions remain too far apart in negotiations, sources say.
Online Investing Platform BnkToTheFuture to Buy Crypto Lender Salt Lending
The platform also plans to work with companies in financial distress.
