Crypto News

The New York State Department of Financial Services (DFS) has once again graced us with updated guidance, this time aimed at protecting your virtual currency booty when insolvency comes knocking like an uninvited in-law. This latest decree tramples on the toes of the January 23, 2023 edict, adding fresh tidbits about the mysterious world of sub-custodians, while waving their banner for “sound” custody and disclosure practices – all to keep the dear customer snug as a bug in a blockchain rug.

According to the announcement, the underwriters are granted a 30-day option to purchase up to an additional $15 million in notes to cover over-allotments. Investors may convert their holdings into cash, Bit Digital’s ordinary shares, or a combination of both-think of it as the financial equivalent of switching outfits mid-party. 😂

The law would give the Polish Financial Supervision Authority, KNF, sweeping powers over exchanges, issuers and custodians operating in or serving customers in Poland. (Translation: They’ll be watching you, even when you’re not doing anything wrong.)

Billions Crypto (yes, that’s a name) has dubbed the $1,130 mark as BNB’s personal Everest. Historically, this zone has been the crypto equivalent of a “Stop, don’t touch that!” sign, triggering profit-taking and slowing rallies faster than a mother-in-law’s judgment. But hey, buyers are stubborn creatures, steadily accumulating like squirrels hoarding nuts for the crypto winter. 🐿️💰

SUI, the native coin of the Sui network, slipped 3.3% in the last day, sliding from 3.32 to 3.21 as traders pressed the exit lever with a shrug and a sigh. 😬

In the harbor town of Singapore, where the air tastes of rain on tin roofs and the numbers drift like dust in the sun, Arf-the patient fellow who keeps coins moving when the world wants to quit-takes a seat at Circle’s table. They’re not promising a miracle, just another path around the long, stubborn line: on-demand credit for cross-border payments, so you don’t have to stuff fiat into a vault and pretend the vault isn’t heavy with time. It’s the kind of trick that makes a man nod, then smirk, and say, well, maybe the world isn’t all thunder after all. 😂💼

The altcoin, having languished in a stagnant waltz since September 23, now risks a descent into its all-time low, should the fickle winds of demand continue their cruel jest.

It seems like the digital asset train is picking up speed in Europe, and it’s heading straight for the future of regulated markets. Deutsche Börse, Europe’s financial powerhouse (and no, it’s not a new beer brand), just announced that it’s shaking hands with Circle Internet Group Inc., the creators of USDC and EURC stablecoins. Together, they’re about to embed stablecoins into Deutsche Börse’s ecosystem like a high-tech Trojan horse. 🏛️💰

USDT supply ballooned by $6 billion in the last month. Sounds impressive, right? But wait-the big shots decided to leave late September like it’s a party gone wrong, pulling out $1.7 billion. It’s basically the financial version of “I’m outta here!” signaling everyone’s still allergic to risk.

Yet, in the gloom, a flicker of hope emerges. With a cup-and-handle pattern forming, LINK’s strategic reserves expanding, and even the institutional momentum is firmly building, LINK crypto could be preparing for a pivotal rebound. 🌱