BTC and the broader crypto market started a new week in green.
But is it really a "sign of relief" given that the latest jobs report was still strong, and the possible collapse of big crypto firms remained a concern?
CryptoNews in @coin360com Daily Digest:
2/ BTC spiked above 17,200 in the early hours of Monday, reaching its highest level since Nov. 11 before pulling back to where it had been over the weekend with a 0.2% increase.
Short-term volatility is expected on Dec. 8-9 due to U.S. PPI release & Initial Jobless Claims.
4/ @GodsUnchained (+0.64%) topped the NFT volume leaderboard in dollar terms, but it’s not the biggest winner by volume growth.
There have been speculations that SBF could have donated as much as 1B to Democrats.
FTX Founder Sam Bankman-Fried Publicly Refuses to Testify in US House Committee – Here’s What Happened
6/ @genesistrading customers currently account for some 1.8B of loans, and the number is likely to keep growing.
This includes a group of customers using @gemini Earn, who were owed 900M as Genesis lending unit halted customer withdrawals on Nov. 16.
Bybit CEO claimed that the layoff affected 30% of the company’s staff as "we are entering into an even colder winter." Swyft cut 90 members (35% of the workforce).
They will develop solutions for institutional investors seeking to dive into the crypto ecosystem.
9/ @circle and Concord announced the termination of their special purpose acquisition company agreement as the stablecoin issuer "didn't complete SEC qualification in time."
10/ @kucoincom announce engagement with the international audit, tax, and advisory firm Mazars Group for PoR verification procedures.
Mazars aims to provide information showing KuCoin's reserves and customer liability.
LedgerX is one of the few solvent entities remaining in the FTX group of companies.
representing about 30% of active loans across the entire protocol.
Maple severed ties with Orthogonal Trading, removed it as a borrower & removed @orthocredit as a delegate.
13/ @AxieInfinity shared that a group of over 700 invested and influential community members has come together for its impending decentralization.
This helped drove AXS price up, making it the biggest winner among the top 100 cryptos today.
14/ @binary_x came into many discussions over the weekend due to the massive price drop.
BNX tanked 80% following rumors of devs selling the tokens, but they denied it and announced a buy-back program with DAO voting to decide on the solution.
15/ Other news:
Former Alameda CEO sighted in NYC; crypto community erupts with speculation:
El Salvador President disses Bloomberg over Bitcoin experiment criticisms:
16/ Chinese court says NFTs are virtual property protected by law:
Pakistan launches new laws to expedite CBDC launch by 2025:
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