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Huobi Korea shuts down platform citing business difficulties

Huobi Korea shuts down platform citing business difficulties

Huobi Korea, which cut ties with HTX last year, said it is set to close services on Jan. 29 but users can still withdraw funds after shutdown.

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Cathie Wood’s ARK Invest Offloads $25M of Coinbase Shares

Coinbase’s Nasdaq-listed stock fell 2.96% Wednesday to $152.24 as the crypto market’s rally halted.

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Expected Fed Rate Cuts Support Bull Case in Bitcoin, But There is a Catch

Renewed rate cuts by the Fed have historically presaged recessions and triggered rotation of money out of risk assets.

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‘Deniers Are Crypto’s Flat Earthers’ as Markets Flash 83% Odds of Bitcoin ETF Approval

The popular Polymarket market bet “Bitcoin ETF approved by Jan 15?” has attracted almost $1 million in volume from hundreds of users.

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Binance places ‘monitoring tag’ on 10 cryptoassets, including Monero and Zcash

Binance warned that ANT, FIRO, KP3R, MDX, MOB, REEF, VAI, XMR, ZEC and ZEN exhibit higher volatility and risks.

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DeFi exchange dYdX publishes post-mortem on $9 million November attack

The decentralized exchange said it has identified the attacker behind the $9 million attack, and it is reviewing legal options.

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Cathie Wood’s Ark Invest sells $25 million worth of Coinbase shares

Ark Invest sold another 166,183 Coinbase shares, valued at $25.3 million, continuing a selling spree for COIN.

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South Korea proposes ban on credit card payments for crypto

The Financial Services Commission today proposed an amendment to prohibit citizens from purchasing crypto using credit cards.

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What Caused Bitcoin’s 10% Crash: Matrixport, Jim Cramer, Leverage?

Bitcoin cratered almost 10% below $41,000 early Wednesday around the time Matrixport’s report about warning of a spot BTC ETF decline, but it was more likely due to a leverage flush as the market overheated, a K33 analyst said in an interview.

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Goldman Sachs may play key role in spot bitcoin ETFs via BlackRock, Grayscale: Report

Wall Street giant Goldman Sachs is reportedly in talks to become an authorized participant to major spot bitcoin ETFs, CoinDesk reports.

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