Friday June 10, 2022
◾ Treasury Secretary Janet Yellen believes digital assets are a “very risky” option for retirement accounts. (Bloomberg)
◾ The SEC has started its own investigation into Terraform Labs and its marketing of its TerraUSD (UST) stablecoin. (Bloomberg)
◾ Bloomberg is expanding the number of individual crypto pricing data feeds for unique digital assets on its platforms from 10 to 50. (Bloomberg)
Government & NGO Actions
◾ CFTC Chairman Rostin Behnam said he is “very encouraged” by the actions Congress is taking to give his agency greater authority over digital asset markets. (Coindesk)
◾ Colombia’s Congress has approved a bill that will provide greater clarity to digital currency exchanges in the country. (News.bitcoin)
◾ The Bermuda Monetary Authority announced that 14 licensed digital asset companies have joined together to form an industry association to help shape the British Overseas Territory’s digital asset legislation and support initiatives to enhance its digital asset ecosystem. (Coindesk)
◾ A US court overruled an appeal by Terraform Labs and ruled the South Korean crypto company must comply with an SEC subpoena. (Decrypt)
Public Company Releases
◾ Marathon Digital (MARA) mined 268 bitcoin in May bringing its total bitcoin holdings to 9,941 bitcoin supported by 3.9 EH/s of production capacity. (Globenewswire)
◾ Mastercard (MA) is working with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and MoonPay to allowing users on these platforms to pay for NFT purchases with their credit cards. (Mastercard)
◾ Mastercard (MA) is partnering with Mercado Libre to secure its crypto platform in Brazil. (Mastercard)
◾ Voyager Digital (VOYG) provided an update that the digital asset platform is now operating its yielding earn program in all states expect Kentucky. (Cision)
◾ Mawson Infrastructure (MIGI) has increased its bitcoin mining capacity to 3.1 EH/s and expects to increase this by an additional 0.4 EH/s by the end of the month. (Businesswire)
◾ Online luxury-fashion platform Farfetch (FTCH) will begin to accept crypto payments. (Marketwatch)
◾ Facebook parent Meta Platforms has officially changed its ticker to “META.” (Yahoo!Finance)
Protocols, Applications & Business News
◾ Digital payments network Flexa is acquiring Drop Party, a marketing technology company that creates engaging customer experiences via live events, performances, and online campaigns. (Businesswire)
◾ International law firm Holland & Knight has become the first law firm to serve a defendant using an airdropped ‘service NFT.’ (Bitdegree)
◾ Crypto custodian platform Anchorage Digital has launched a custody exchange network with Binance.US, CoinList, Blockchain.com, Strix Leviathan, and Wintermute. (Medium)
◾ Mattel (MAT) has signed a new multi-year partnership for its animated and playable collection of NFT collectible cryptoys. (Anbmedia)
◾ Block (SQ) CEO Jack Dorsey and rapper Jay-Z are teaming up to offer free bitcoin education to residents of the Marcy Houses, a public housing complex in Brooklyn, where Jay-Z was raised. (Bloomberg)
◾ Dunedin, Florida-based Achieva Credit Union has become the first credit union in the state to allow its clients to buy and sell bitcoin. (Tampabay)
Market Data
◾ 9 ‘blockchain and cryptocurrency’ companies including FTX, Chainalysis and Open Sea have made Forbes’ Fintech 50 List for 2022. (Forbes)
◾ PwC’s 4th Annual Global Crypto Hedge Fund Report finds that 38% of traditional hedge funds are now investing in digital currencies with the total value of AUM among crypto funds increasing to $4.1 billion in 2021. (PWC)