Crypto Developments for the week:
FTX receives court approval to sell its $3.3 billion in crypto assets
Multiple Binance US executives resign as volume declines by 99% from March
NFT project “Stoner Cats” sued by the SEC
Citigroup expands crypto efforts by launching native token service
Mark Cuban loses $870,000 in hot wallet hack
Cross-chain protocol Synapse has announced Synapse chain and the Synapse Interchain Network after liquidity provider Nima Capital liquidates DAO grant
Social platform Friend Tech sees resurgence in activity
Bitcoin held by long term holders approaches all-time highs, battling 200-week moving average
ETFs, countries, public companies, and private companies collectively hold approximately $50 billion worth of Bitcoin — VanEck
Elon musk stated that the company will resume accepting payments in Bitcoin when 50% of the energy used to mine BTC becomes green.
Now, according to Bloomberg analyst Jamie Coutts miners have reached this value.
ANALYSIS: Ethereum supply reduced by over 300,000 $ETH since the merge update.
Institutions applying for the spot BTC ETF have $17.7 trillion in assets under management.