Latest Market Digest
Covering CW9, CW10 and CW11
Industry Trends in Flux: Bybit Hack, Tether Regulatory Void, and HK SFC Crypto Regulatory Roadmap
Bybit experienced a hack resulting in the loss of $1.46 billion in ETH and related tokens by Lazarus Group.
Tether remains unaligned with the EU's MiCA framework.
Hong Kong SFC has published the "ASPIRe" roadmap to enhance crypto asset regulation.
FTX finally begins repayments — $16B set to roll out, but at 2022 prices
LIBRA takes a nosedive, Binance realizing income, and FTX is finally paying out.
SEC Launches Crypto Task Force to Define Regulatory Boundaries
A tutorial video turned TST from a test asset into a viral memecoin, leading to a Binance listing. The SEC launched a Crypto Task Force to clarify digital asset regulations. MetaMask introduced its Gas Station feature, but competitors remain ahead.
From Legal Tender to Policy Reversal: El Salvador’s Bitcoin U-Turn
Tether reported $13 billion in 2024 profits, driven by Bitcoin, gold, and Treasuries. Meanwhile, El Salvador revoked Bitcoin’s legal tender status, citing volatility and adoption struggles. ETH is underperforming the market, with speculation of trading firm liquidations.
When Memes Mislead: The Fake Nasdaq Coin That Tricked the Real Nasdaq
A fake meme coin, posted by a Nasdaqmeme X account and quickly shut down after a Nasdaq repost. Circle acquires Hashnote to integrate yield-bearing collateral with USDC. US President Trump launches his own meme coin, stirring crypto intrigue.
TRUMP's MEME Coin Surges—A New Force in Crypto
Trump's official MEME coin surged from $0.15 to $70 in two days, with Trump’s entities owning 80%, potentially surpassing his business empire. Its rise raises concerns about market manipulation. Meanwhile, a Litecoin ETF may be approved, and Deribit is exploring acquisition offers.
