Regulation
Stablecoins
Waves Platform CEO announces launch of new stablecoin
Sasha Ivanov announced launch of new stablecoin and addressed Twitter user concerns surrounding depegging.
Analysis
Wave Labs reveals DAXA warning caused significant damage to WAVES token
Waves Labs reports that DAXA warning led to increased short selling of WAVES token, causing liquidity issues and market instability.
Exchanges
Binance joins Chamber of Digital Commerce, gains foothold in US political system
Binance has joined the Chamber of Digital Commerce to promote the development of sensible regulations for cryptocurrency and blockchain.
NFTs
Donald Trump NFTs under fire for internal minting, design plagiarism
The Donald Trump NFT trading card project has faced criticism over internal minting, licensing issues, and alleged design plagiarism.
Legal
Top 50 FTX creditors only account for $114M of unsecured claims out of billions lost
If there are billions of dollars to account for within the bankruptcy investigation — which is the case — then the majority of victims are likely retail customers that had non-whale balances.
Partnerships
BNB Chain launches Liquidity Bootstrapping Pools in partnership with Fjord, Balancer
BNB launches Liquidity Bootstrapping Pools (LBPs) which will support ERC-20 tokens, with plans to expand to NFTs in 2023.
Trading
Record-breaking Bitcoin whale selloff, 280k BTC offloaded in 30 days
Whales sell pressure breaks record for highest amount of BTC sold within a 30-day period, impacting market.
Bankruptcy
Riot Games to terminate FTX sponsorship due to “reputational harm”
Riot Games seeks to end sponsorship with FTX due to reputational harm and damage, citing violation of the morality clause.
Stablecoins
Analysis of on-chain stablecoin data reveals decline in USDT dominance
Demand for USDT remains high, but USDT dominance in the stablecoin market has decreased as other stablecoins like USDC and BUSD have risen.
Bankruptcy
FTX bankruptcy case: Bahamas denies improper conduct, seeks respect for legal system
FTX liquidators request respect for Bahamian legal system in ongoing US bankruptcy case and deny improper conduct.
Exchanges
MITH token plummets 20% as CZ responds to Mithril’s request for return of 200k BNB deposit
Mithril requests return of BNB deposit from Binance; CZ responds, cites confidentiality, and low MITH token price.
Analysis
CryptoSlate Daily wMarket Update: Bitcoin tumbles back to $17k, market follows
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
