The Block
Quick Take Crypto exchange Gemini and now-bankrupt crypto brokerage firm Genesis discussed a possible merger in 2022. At the time, the idea was that this could create a company that could compete with crypto exchange Coinbase and the now-collapsed exchange FTX.
Quick Take The South Korean police agency has requested Interpol’s assistance in bringing back Terra co-founder Do Kwon, who was sought for multiple charges including securities fraud.
Figment Europe and Apex Group are set to launch Ethereum and Solana staking ETPs on the SIX Swiss Exchange next week via Issuance.Swiss AG.The ETPs are designed to offer institutions convenient access to staking rewards through traditional brokers or banks.
Kimchi Premium refers to the gap between crypto prices in South Korea and elsewhere, possibly indicative of rising local demand.Bitcoin’s premium in South Korea reached a two-year high of 10.32%.
Quick Take Zama has raised a mega $73 million Series A round co-led by Multicoin Capital and Protocol Labs. The open-source cryptography company builds fully homomorphic encryption technology that is focused on data confidentiality.
Quick Take The in-principle agreement to settle $874.5 million in BlockFi’s claims to collapsed FTX and Alameda will help the bankrupt lender to distribute funds to its customers if approved.
The Worldcoin team claimed that the Spanish authority was “circumventing established procedures” to temporarily suspend the project.
Quick Take The CFTC’s Global Markets Advisory Committee voted on Wednesday during its meeting to advance the Digital Asset Markets Subcommittee’s taxonomy recommendation. The aim is to have consistent language for terms including digital assets, central bank digital currencies, stablecoins, among others.
Quick Take CFTC Chair Behnam told lawmakers on Wednesday that legislation is needed as bitcoin’s value and optimism grows. Lawmakers are weighing the Financial Innovation and Technology for the 21st Century Act, which would give the CFTC more authority. Behnam told lawmakers that if the bill is passed, his agency could implement it within a year.
Flowdesk executives Reed Werbitt and Greg Guttas discuss the impact of spot bitcoin ETFs on market structures and their optimistic outlook on continued inflows in the years to come.
