Digital Assets report 82

Digital Assets report 82

  • Tornado Cash listed on OFAC lists accused for laundering $7B worth of digital assets, a co-founder developper has been arrested in Amsterdam.
  • Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement.
  • Huobi Group founder Leon Li is engaged in talks with a group of investors to sell his share.
  • Ethereum ICO-era whale address transfers 145,000 ETH weeks before the Merge.
Huobi Chief in Talks to Sell $1 Billion Stake in Crypto Exchange: Report - Decrypt
Sam Bankman-Fried and Justin Sun are reportedly among investors looking to acquire a majority stake in crypto exchange Huobi Global.
Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement
BitGo said Galaxy Digital owes it a $100 million break-up fee.
Curve Finance exploit: Experts dissect what went wrong
Blockchain analysis firm Elliptic unpacks how Curve Finance hackers moved stolen tokens after a $600,000 DNS exploit.
The protocol itself has not been hacked, users were redirected to a fake webpage due to Domain Name Service (DNS) issue.
Buenos Aires to Deploy Ethereum Validator Nodes in 2023
The initiative aims to research and develop adaptive regulation for the crypto ecosystem, the government said.
Morgan Stanley job posting points to wide-ranging crypto plans
Morgan Stanley is looking for a product development manager to focus on building a wide-range of new crypto products.
Crypto hedge fund’s collapse leaves behind angry lenders and a $150 million “Much Wow” yacht
3AC’s risky investments sent the firm into bankruptcy.


US Treasury sanctions Tornado Cash, accused of laundering stolen crypto – TechCrunch
U.S. accuses the crypto mixing service of allowing North Korean hackers to launder millions of stolen funds.
Coinbase Exchange Faces SEC Probe Over Crypto Yield, Staking Products
The company told investors it has received “investigative subpoenas” from the Securities and Exchange Commission.
US Regulators Consider Asking Large Hedge Funds to Disclose Crypto Exposure
The proposal involves adding a question about digital assets to reporting requirements that also cover private credit and equity and real estate.
The EU is on the verge of creating a new AML regulator that will oversee crypto
Many negotiations remain before the new “Anti-Money Laundering Authority” goes live, but all signs are that it’s on the way.
South Korea’s Financial Watchdog to Expedite New Crypto Rules: Report
Thirteen bills related to virtual assets are waiting to be debated in Parliament, the chairman of the Financial Services Commission said.


Crypto Charts 76
Bitcoin Last time we said: raise stops to the just below the major wave (2) low at 20650 looking for a push up through 24620 to confirm that wave (3) is underway With divergence in the MACD hinting that topside momentum is dropping we are looking for BTC to retrace
Ethereum ICO-era whale address transfers 145,000 ETH weeks before the Merge
Even if the whale eventually decides to dump their 145,000 ETH, a $250 million selling pressure isn’t considered significant enough to initiate a market dump.
Pension funds remain interested in crypto despite crash: WSJ
Despite losses from the bear market, pension funds across North America remain bullish on crypto, according to Wall Street Journal.


Sam Bankman-Fried: ‘Disappointing’ Others Haven’t Helped Us Give Bailouts - Decrypt
The FTX CEO said he doesn’t want to be the only one bailing out ailing crypto companies, but hasn’t gotten help from other healthy players.

Reading / Podcasts

The Merge: Top 5 misconceptions about the anticipated Ethereum upgrade
Ethereum’s impending upgrade will reduce Ethereum’s infamous gas fees (transaction fees) is one of the biggest misconceptions circulating among investors.