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Binance Fires Employee Who Discovered Evidence of DWF Labs Market Manipulation
The Wall Street Journal has reported that cryptocurrency exchange Binance fired a member of its market surveillance team who had uncovered evidence of market manipulation by DWF Labs, a high-profile client. Key points: Binance's market surveillance team found evidence of pump-and-dump schemes and wash trading by VIP clients, including DWF Labs. DWF Labs, a crypto......
Donald Trump Pledges to Accept Crypto Donations for Presidential Campaign
Former U.S. President Donald Trump has announced his intention to accept campaign donations in crypto. The speech came during a gathering organized by Trump to meet and dine with buyers of his "Mugshot Edition" non-fungible tokens (NFTs) on his day off from trial. Key points: Trump promised NFT buyers that he would guarantee the use......
FTX Reveals Plan to Reimburse Creditors, Most Will Receive 118% of Claims
The cryptocurrency exchange FTX has announced a reorganization plan that aims to fully compensate its creditors. Surprisingly, most creditors stand to gain more than they initially lost. In a late Tuesday court filing, FTX estimated its debt to creditors to be around $11.2 billion. However, it has managed to secure between $14.5 billion and $16.3......
🥛 FTX Creditors Rejoice❓
Today’s edition is brought to you by Safe{Wallet} – a decentralized custody protocol and collective asset management platform that secures over $100 billion in digital assets with multi-layered security. Secure your digital future — explore Safe{Wallet} today. GM. This is Milk Road, welcome back to your DAILY crypto news and please excuse the sour milk in yesterday’s......
🥛 The ‘War on DeFi’ continues ⚔️
Today’s edition is brought to you by ZKEX.com - the multi-chain Super DEX that could one day replace your favorite CEX. Join their 'Trade to Earn' rewards campaign! GM. This is Milk Road, happy Tuesday and may Tom Brady R.I.P right next to FTX. Here’s what we got for you today: The ‘War on DeFi’ continues ⚔️......
Donald Trump’s Potential Return Could Boost Bitcoin: Standard Chartered
In a recent research report, Standard Chartered, a prominent investment bank, highlighted the growing risk of U.S. fiscal dominance and its potential impact on the cryptocurrency market. The report suggests that the monetization of government debt by the Federal Reserve could drive investors towards alternative assets, such as cryptocurrencies. Key points: U.S. fiscal dominance may......
Robinhood To Prevail Against SEC Despite Wells Notice: KBW
The Securities and Exchange Commission's (SEC) recent issuance of a Wells Notice to Robinhood (HOOD) has taken analysts at Keefe, Bruyette & Woods (KBW) by surprise. KBW released a research report on Monday, highlighting Robinhood's conservative approach to digital asset listings. Key points: Robinhood offers only 15 cryptocurrencies on its U.S. platform, compared to 200+......
Crypto Investment Products Record $251M in Outflows for Fourth Straight Week
The crypto investment landscape experienced a turbulent week, with outflows persisting for the fourth week in a row. The outflow amounted to a substantial $251 million. According to a report by CoinShares, this week marked the first instance of measurable outflows from the recently launched ETFs in the United States, which saw a significant $156......
Australia’s Tax Office Demands Data on 1.2 Million Crypto Accounts: Report
Australia's Taxation Office (ATO) has issued a notice to crypto exchanges. According to Reuters, the ATO has requested the personal data and transaction details of up to 1.2 million accounts. This move is part of its efforts to crack down on users who may be evading their tax obligations. Key points: ATO requests personal information......
🥛 5 things to watch this week 👀
Today’s edition is brought to you by Consensus – join the community of developers, investors, founders, brands, policymakers, and more who are taking crypto from the margins to the mainstream at the 10th annual Consensus, May 29 - 31 in Austin, Texas. Use code MILKROAD for 20% off. GM. This is Milk Road, welcome back to your......
