Crypto Biz: Wall Street gets a taste of altseason
This week’s Crypto Biz explores Ether ETFs growing inflows, the political moves behind Meta’s stablecoin sunset, BitGo’s plans for India, and more.
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Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders
While speaking at the Virtual Fintech Forum in Hong Kong on May 27, Ethereum co-founder Vitalik Buterin commented on obstacles related to the Ethereum 2.0 rollout. Buterin said that there had been several internal team conflicts in the past five years and as a result, he confirmed that Ethereum 2.0 launch is unlikely to occur…

Copper.co expands to US market following Alan Howard investment
Copper.co has raised a total of $84.3 million through funding rounds, with the latest being a Series B investment that helped the company raise $50 million. 83 Total views 214 Total shares United Kingdom-based digital asset and trading platform provider Copper.co steps into the United States market after appointing Glenn Barber as Head of Sales…


Altcoins rally while Bitcoin bulls are thwarted by resistance at $34K
A handful of altcoins posted double-digit gains while Bitcoin’s relief rally was halted by resistance at $34,000. 643 Total views 9 Total shares Bitcoin’s (BTC) tumble below $30,000 was short-lived as the top cryptocurrency found a new wave of support, including a $10 million ‘buy the dip’ moment from MicroStrategy. Data from Cointelegraph Markets and TradingView…

Japanese authorities trace Monero, arrest 18 in $670K laundering case
The group of scammers has been under investigation by Japan’s newly formed cybercrime unit since August.

Friend.tech threatens to punish users if they use copycat apps
Friend.tech warned users who choose to jump ship to “forks and copies” will see their existing points forfeited. 198 Total views 2 Total shares Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized…

UK chancellor names CBDC on list of financial reforms for Treasury
“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak. Rishi Sunak, chancellor of the Exchequer for the United Kingdom, has included cryptocurrencies and stablecoins on the list of financial reforms the government plans to undertake in the next few years.Speaking…

Web3 firms to support ecosystem development through grants amid market uptick
The Worldcoin Foundation rolled out a $5 million grant to support its community through WLD tokens or stablecoins. As Bitcoin (BTC) soared past the $40,000 mark and brought the total crypto market capitalization to $1 trillion, Web3 firms have started to roll out grants to support the development of the blockchain ecosystem. On Dec. 6, the Worldcoin