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Latest from Parikshit Mishra
Binance Burns $450M BNB in Quarterly Move
The burn mechanism is based on BNB's price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter.

FTX Bankruptcy Estate Stakes $150M SOL and ETH as Sam Bankman-Fried's Trial Continues
Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain data suggests.

Grayscale 'GBTC Discount' Narrows to Near 2-Year Low as SEC Misses ETF Appeal Window
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.

Bitcoin Jumps to Near $28K as Bulls Bet on ETF Approval
Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.

Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
The timeline indicates it could take till 2025 for an Australian digital asset platform to receive a licence under the freshly proposed regime.

Upbit Receives Preliminary 'In-Principal' Approval in Singapore
The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.

First Mover Americas: Bitcoin Spot ETF Partially Priced in: Coinbase
The latest price moves in crypto markets in context for Oct. 13, 2023.

Tether Promotes Paolo Ardoino to CEO
Former CEO Jean-Louis van der Velde will transition into an advisory role at Tether.

Frax Finance's Fed Yield-Matching Staking Vault Attracts $30M, FXS Steady
Early Thursday, Frax unveiled sFRAX staking vault, allowing users to take advantage of higher interest rates in the U.S.

DeFi Is Losing the Race to Become the Future of Finance
Money market funds are offering more than 5% annual returns, Ethereum stakers meanwhile get just 3.3%.
