#crypto-assets

#crypto-assets

The LastPass data breach continues to impact users, leading to significant cryptocurrency thefts two years later.

North Korean hackers significantly contribute to the rise in cryptocurrency theft, reflecting an organized, state-sponsored cybercrime effort. They target crypto to evade sanctions.

Bitwise Asset Management's acquisition of ETC Group expands its global reach and adds over $1 billion in assets under management.

Bitwise acquired ETC Group to expand its presence in Europe, adding $1 billion in assets and enhancing its exchange-traded products portfolio.

Archax is acquiring King & Shaxson Capital Markets to expand its trading and custody services in the EU under new MiCA regulations.

Capital inflow into digital assets will increase with better regulations.

Ethereum likely to dominate as a technology platform for digital assets.

The new blockchain trilemma focuses on the trade-offs between products, customers, and regulatory approval with companies often having to prioritize two.

Ether is predicted to end 2024 just shy of its all-time high.

The average prediction for ETH's peak in 2024 is $5,300.

The CoinDesk 20 includes assets gaining like Polkadot and Cosmos and falling like NEAR, DOGE, and BCH. CD20's monthly decline contrasts with its high one-year return.

The CoinDesk 20 Index is up 1.2% this week, reflecting a mixed performance among its assets.

The SEC is challenging the FTX bankruptcy plan, questioning the legality of using crypto assets for creditor distributions.

eToro will limit trading to select crypto assets after settling SEC charges.

The SEC settlement with Galois Capital signals tighter regulations on digital asset custody and emphasizes the necessity for RIAs to comply with custody standards.

Consensys allegedly violated federal securities laws by not registering as a broker, offering and selling certain securities, and operating as an unregistered broker of crypto asset securities through its MetaMask services.

Aptos (APT) stood out with a 16% gain in the CoinDesk 20 Index.

Bitcoin (BTC) dropped 5.1% in a negative week for the CoinDesk 20.

The majority of assets in the CoinDesk Index closed higher, with Near Protocol showing significant gains and Aptos underperforming.

ETFs are driving demand for underlying crypto assets.

Hong Kong approved first batch of crypto-related spot ETFs by Harvest Global Investments, China Asset Management, and Bosera Asset Management & HashKey Capital with lower management fees.

The FCA plans to implement a market abuse regime for crypto assets on U.K. exchanges.

The proposed regime would apply to anyone engaging in market abuse on these assets, regardless of their location.

Maturing crypto-assets markets due to regulation and innovation

SEC approval of Bitcoin ETFs making investment more accessible

Crypto assets rallied in European morning, Bitcoin and ether up; VanEck Bitcoin ETF started trading on ASX; AI technology tokens surged up to 35%.

Bitcoin rebounded above $67K amid pre-FOMC volatility and investor confidence in buying the dip.

Memecoins surge, driving the sector's market cap over $55 billion.