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Latest from Sheldon Reback
Crypto Miner Phoenix Group's Shares Surge 35% in Abu Dhabi Stock Market Debut
In November, the UAE-based company said its initial public offering (IPO) was 33-times oversubscribed.

First Mover Americas: BlackRock Received $100K Seed Funding for Its Spot BTC ETF
The latest price moves in crypto markets in context for Dec. 5, 2023.

U.S. Crypto Lobbying on Course for Record Spend This Year
Crypto companies spent almost $19 million on lobbying by the end of the third quarter compared with $16 million in the same period last year.

DeFi Market Rebounds to $50B as Speculators Hunt for Yield
An uptick across Solana-based protocols coupled with more than $700 million in deposits to Blast has fueled growth of the value locked in decentralized finance.

Singapore's DigiFT Wins Regulatory Approvals From MAS After Graduating From Sandbox
"DigiFT is the first exchange with an automatic market making mechanism to have been admitted into the MAS FinTech Regulatory Sandbox," said founder Henry Zhang.

Crypto.com Receives UK Authorization as an Electronic Money Institution
The exchange said it plans to use the license to offer e-money products in the U.K.

First Mover Americas: Bitcoin Hits $42K for First Time in Over a Year
The latest price moves in crypto markets in context for Dec. 4, 2023.

Asset Manager Abrdn, Crypto Exchange Archax Strive for Pole Position in Race to Tokenize TradFi
Having created trading pairs on Archax between bitcoin and tokens showing ownership of an abrdn money-market fund, the firms talk for the first time about using this institutional-grade token as collateral elsewhere.

TRX Trades at Premium on Poloniex as Arbitrage Lures Risk Takers
Bitcoin, ether and tether withdrawals will open on Poloniex in the coming weeks.

Institutional Traders Split Between Bitcoin, Ether: Bybit Research
Numbers from the exchange show institutional traders largely ignored alternative cryptocurrencies in favor of perceived "safe" assets.
