‘Vast majority’ of ETF flows could be driven by arbitrage: Raoul Pal
Retail investors are not a “key driver” of spot Bitcoin ETFs, with a majority of inflows coming from arbitrage trading hedge funds, according to Raoul Pal.
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Oman’s Indian embassy Twitter account compromised to promote XRP scam
The hackers behind the attack may have been responsible for breaching India-based crypto exchange CoinDCX’s Twitter account given the similar fake XRP giveaways. 255 Total views 36 Total shares Scammers have hacked the official Twitter account of the Embassy of India in Oman, replacing the profile picture with Ripple CEO Brad Garlinghouse and using the…

Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration
Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs. 277 Total views 3 Total shares Yuga Labs, creators of Bored Ape Yacht Club (BAYC), have acquired 10KTF; the NFT game founded by digital artist Michael Winkelmann, also known as Beeple.10KTF is a browser-based NFT game that…

CEO of crypto derivatives exchange FTX donated $5M to Biden campaign
The “relative newcomer” to politics joined other major CEO donors to the Democratic candidate. 4280 Total views 48 Total shares Sam Bankman-Fried, the CEO of Hong Kong-based cryptocurrency derivatives exchange FTX, donated $5.2 million to Joe Biden’s presidential campaign.As the Wall Street Journal reported on Oct. 28, Biden’s presidential campaign received a total of $79.5 million from…

FCA warns UK citizens to avoid Solana-based memecoin
The UK Financial Conduct Authority said “Retardio” is not authorized to provide financial services in the country.

Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF
“The approval of each and every Bitcoin-linked investment product strengthens our arguments about why the U.S. market deserves a spot Bitcoin ETF," said CEO Michael Sonnenshein. 591 Total views 28 Total shares Digital asset manager Grayscale reported overwhelming support in public comments for its application to launch a spot Bitcoin exchange-traded fund.In a Monday letter…

Mythical Games announces $150M raise as the company expands into NFTs
The game developer’s total valuation is now $1.25 Billion, following a successful raise. 1488 Total views 27 Total shares Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz.Mythical said it plans…

Ethereum privacy protocol Tornado Cash to launch on L2 Arbitrum
Once fully deployed, users will be able to make private transactions through the popular Tornado Cash mixer on the Arbitrum layer two network. 893 Total views 17 Total shares Tornado Cash is about to get a scaling boost as the privacy protocol prepares for deployment on the Ethereum layer two network Arbitrum. Tornado Cash’s smart contracts…

Xiaomi India needs regulatory clarity to embrace crypto, says exec
According to Xiaomi India managing director Manu Jain, cryptocurrency is an “extremely interesting” area that is doing “exceptionally well.” 149 Total views 4 Total shares Xiaomi India — the subcontinent's branch of the major mobile phone manufacturer — is interested in the cryptocurrency industry, but needs regulatory clarity from the government.The firm's managing director, Manu…