Digital asset bank Custodia raises $7 million, which comes more than a year after its $37 million Series A raise.
The post Caitlin Long’s digital asset bank Custodia raises $7 million appeared first on The Block.
Hong Kong’s regulator spells out minimum thresholds needed for an ETF issuer to apply to list a crypto futures product.
The post Hong Kong outlines new rules for crypto futures ETF issuers appeared first on The Block.
CoinShares third-quarter results so recovery following Terra’s collapse in the second quarter.
The post CoinShares Q3 earnings show modest recovery following Terra-related losses in Q2 appeared first on The Block.
A new team is reportedly picking up on the dormant Tether bank fraud investigation in New York.
The post Justice Department revives probe into Tether over bank fraud: Bloomberg appeared first on The Block.
Quick Take
- $8.4bn in Q3’22 loan originations, +4% QoQ and +140% YoY on a quarterly basis gains
- $2.8bn in total active loans, (43%) QoQ and (75%) YoY on a quarterly basis decline
- $18.7bn derivatives volume traded, (44%) QoQ and (24%) YoY on a quarterly basis decline
- $9.6bn spot volume traded in Q3’22, (30%) QoQ and (25%) YoY on a quarterly basis decline
- Figures in line with the broader market pull back from digital assets as investors seek risk-off assets and cash
Quick Take
- Reddit has sterilized NFTs by using euphemistic lingo.
- Through this savvy rebranding, Reddit has managed to infiltrate NFTs into a community that has been notoriously opposed to NFTs.
- Although the number of wallets holding a collectible avatar has surged to a monumental 2.9mm, only a tiny fraction has traded collectible avatars on the secondary market.
The private equity firm previously invested in Anchorage’s Series D funding round in December, with its custody relationship starting last year.
The post Apollo expands crypto offering for clients via partnership with Anchorage appeared first on The Block.
Braavos has raised $10 million to simplify self-custodial wallets on Starknet with a goal of making hardware wallets redundant.
The post Pantera backs Braavos’ $10 million raise to simplify crypto wallets on StarkNet appeared first on The Block.
India’s central bank will begin a pilot wholesale digital rupee with nine banks on Tuesday.
The post India to test if digital rupee can cut fees when trading government securities appeared first on The Block.
In other news that may affect markets, the U.S. Federal Reserve is set to announce its next interest hike on Wednesday.
The post Ether ticks above $1,600 as crypto-related earnings take center stage appeared first on The Block.
