Yao Qian, a former influential figure in China's blockchain industry and ex-head of the central bank's Digital Currency Research Institute, has been expelled from the Communist Party of China and removed from his public office over alleged corruption involving cryptocurrency. China's anti-graft authorities stated that Yao violated party discipline and law by misrepresenting himself as a financial technology expert while using his position to support certain tech providers for personal gain. He is accused of abusing his regulatory power and engaging in illicit cryptocurrency deals, accepting an unusually large amount of funds and assets, though the exact sum has not been disclosed. His case has been referred to prosecutors for further investigation. Yao, born in 1970, previously held positions at the China Securities Regulatory Commission and was known for his work on blockchain and digital currency, publishing articles and books on topics such as DAO, DeFi, and Web 3.0 - #TheBlock

🐳📈 $BTC #TheBlock : The number of BTC addresses with more than 1000 coins has reached a new all-time high.

📊 $BTC #TheBlock : Following the month-end options expiration on Friday, January 26, significant decline in open interest in short-term BTC derivatives, especially options, which caused the price of BTC to rise.

The largest amount of open interest in BTC for all upcoming expiration dates currently consists of calls with a strike price of $50,000, which indicates bullish sentiment in the market.

⚡️ The Block has sold a majority stake to Foresight Ventures in a ~$60M deal

Crypto media company The Block sold a majority stake to Singaporean venture capital firm Foresight Ventures in a deal valuing the crypto outlet at $70M. Foresight Ventures, with $400M in assets under management, has bought a stake worth roughly $60M for an 80% share of the company. The fresh funds will allow The Block to build out new products and expand its footprint into Asia and Middle East. #TheBlock #Foresight

📢Trader Joe has partnered with LayerZero to convert its native token “joe” into an omni-chain fungible token (OFT).

Source: #TheBlock

#bnbgreenfield #BNB #OFT

📢#TheBlock CEO Michael McCaffrey resigned after failing to disclose the loans $43 million, of which $16 million was used to purchase real estate in the Bahamas. These loans were apparently kept secret from employees, as McCaffrey was the only member on the board.

📢#TaxBit , a crypto tax and accounting software provider, has acquired rival Tactic to expand its offerings.

Source: #TheBlock

#crypto2023

⚡#Flashbots , an #Ethereum infrastructure service, is in discussions with potential backers about raising up to $50 million at a billion-dollar valuation.

Source: #TheBlock

#crypto2023

📢The Securities and Exchange Commission has rejected a spot bitcoin exchange-traded fund proposed by #ARK Investment Management and 21Shares.  

Source: #TheBlock

##bearorbull #crypto2023

The #Sec charged Tron founder Justin Sun over the unregistered offer and sale of 2 crypto asset securities; he was also accused of wash trading. Eight celebrities including Lindsay Lohan, Jake Paul & Soulja Boy were also charged for violating federal securities laws.
#TheBlock

✅ Standard Chartered to Open $BTC and $ETH Trading Desk:

📢 Standard Chartered Bank, with assets worth $820 billion, is setting up a spot trading desk for buying and selling Bitcoin and Ethereum.

🌐Source: #TheBlock

Coinbase sues SEC, FDIC over FOIA requests, says federal regulators trying to cut out crypto: #TheBlock

⚡️ Crypto exchange Bullish acquires 100% of CoinDesk from Digital Currency Group

Cryptocurrency exchange Bullish has purchased 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal. After the deal, CoinDesk will operate as an independent subsidiary of Bullish. Last week, Foresight Ventures bought a majority stake in The Block for a ~$60M deal.

#Coindesk #bulllish #DCG #Media #TheBlock

📈 $TON #TheBlock : The 7-day moving average (7DMA) of daily transactions on the TON network has reached a new all-time high, reaching upwards of 11 million transactions. This figure has now increased by over 160% since Durov was arrested.

⚡#Bitcoin miner #Bitfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash.

Source: #TheBlock

#crypto2023 #Web3 p

📊 $ETH #TheBlock : The number of active and new addresses in the Ethereum network, as well as on-chain activity, are at their highest over the past 12 months.
Also, the total supply of ETH dropped to its lowest level since August 2022.

The SEC and Ethereum Spot ETFs: What's Happening?

The SEC has asked spot issuers of Ethereum ETFs to submit the first set of draft Form S-1s by Friday. This request marks a crucial step in the evolution of exchange-traded funds (ETFs) for digital assets. Forms S-1 are essential documents for registering new securities with the SEC, and their submission provides verification that all regulatory requirements are met. The move shows the growing interest in financial products linked to cryptocurrencies and could pave the way for wider adoption of Ethereum-based ETFs, providing investors with easier and regulated access to this growing market.

What will be the next ETF in your opinion ?

Source: #TheBlock

#ETFEthereum #BNB #ETHETFsApproved

⚪️ #GalaxyDigigal Projects Billions for $ETH ETFs:

Galaxy Digital forecasts that up to $7.5 billion could flow into Ethereum ETFs within the first five months of launch.

🌐Source: #TheBlock