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Republicans Seek to Counter Effort to Curtail Crypto Mining
Republican lawmakers wrote to the Environmental Protection Agency (EPA) last week to counter an earlier message from Democrats, urging the regulator to look more closely at the potential environmental effects of crypto mining. CoinDesk’s Nikhilesh De unpacks the latest in the U.S. crypto mining landscape.
Prime Trust CFO on $100M Raise to Expand Into New Offerings
Financial infrastructure innovator Prime Trust has raised over $100 million in a Series B funding round. Chief Financial Officer Rodrigo Vicuna shares insights into growth plans and what they mean amid a sour mood in the crypto markets.
Cardano Delays Upgrade; Shib and Doge Make Gains
Valar Ventures-backed Vauld to lay off 30% of staff. Cardano postpones Vasil upgrade, citing bugs and abundance of caution. Dogecoin gains after Musk tweet amid slow market recovery. BTC Markets first crypto firm to receive Australian financial services license. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Doodles CEO on Pharrell Partnership, First Funding Round Led by Reddit Co-Founder
Pharrell has joined popular NFT project Doodles as the new Chief Brand Officer, also serving as executive producer on Doodles’ first music release in partnership with Columbia Records. Doodles CEO Julian Holguin shares his insights, along with the latest fundraise led by Reddit co-founder Alexis Ohanian, the new Doodles 2 collection and its competition.
ProShares to List First US Short Bitcoin ETF on NYSE
Investment product provider ProShares is set to list the first U.S. exchange-traded fund (ETF) allowing investors to bet against the price of BTC. ProShares Global Investment Strategist Simeon Hyman shares insights, saying "it's really hard to short bitcoin ... so offering this is an opportunity for regular retail folks."
Big Outflows Spotted From Exchanges to Private Wallets
Big outflows were spotted Monday from exchanges to private wallets, according to data from Glassnode. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
New Crypto Bill Could Positively Impact US Bitcoin Miners
Volt Equity Head of Research Nelson Hsieh discusses a sweeping new bill intended to specify the rules and roles for crypto regulation, and its potential positive impact on U.S. bitcoin miners.
Ukraine Sells Donated CryptoPunk NFT for $100K to Support War Effort
Ukraine has sold CryptoPunk #5364, the highly valued NFT it received as a donation in March during its fundraising campaign against Russia’s attacks. Alex Bornyakov, the country’s deputy minister of digital transformation, announced the sale in a tweet. The NFT was sold to an anonymous buyer for 90 ETH, worth roughly $100,000.
FTX Backs Out of Sports Deals Amid Crypto Winter: Report
The New York Post is reporting that FTX is dropping out of discussions for certain major league sport deals amid the recent crypto market downturn. “The Hash” discusses the latest volatility and future of sports sponsorships for crypto companies.
BlockFi Receives $250M Credit Facility From FTX
Crypto lending platform BlockFi secured a $250 million revolving credit facility from FTX. BlockFi CEO Zac Prince notes the move “bolsters our balance sheet and platform strength," and added that "the proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will be used as needed."