- Crypto Sum
- Posts
- The Great Wealth Transfer
The Great Wealth Transfer
All the defi, crypto, web3 news you need in one scroll
Sponsor 🤝 Follow Us 🖤 Recent Articles 📰
Welcome to the Crypto Scroll. web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to.
You can check out our previous articles and please follow us on Twitter!
gm Scrollers,
Craziest stories post-ETF approval: Millions of assets are being transferred from firms like Vanguard that are blocking crypto offerings to ETF-approved firms. Plus, these firms are scooping up a good chunk of the available Bitcoin, with BlackRock leading the charge. Check out some other major headlines including web3 funding, security breaches & scams, and the layoffs that are also hitting web3/crypto companies 👇🏼
Circle confidentially files for IPO (BW)
Vanguard has removed all crypto offerings to customers, causing massive asset transfers (CD)
MicroStrategy BTC holding are worth $1B more than the company (BW)
BlackRock has scooped up 11,500 BTC during recent dip for ETF funding (CS)
4 Grayscale wallets send $183M of Bitcoin (4,000 BTC) to Coinbase exchange (@Ashcryptoreal)
Bitcoin miner outflows hit 6 year high before the halving (CD)
Just transferred my 401k from Vanguard to Fidelity. It took about 15 minutes.
If you have an account with a broker currently blocking access to #bitcoin ETFs, close it and get out.
Make these boomers hurt
— Julian Fahrer (@Julian__Fahrer)
6:20 PM • Jan 11, 2024
Pontem raised $6M to enable ETH and move compatible apps (TB)
BeWater, a web3 venture studio, received strategic funding from OKX Ventures (PRN)
South Korean gaming company WEMADE solidifies partnership with DIFC Innovation Hub (H)
Web3 payment & payroll startup Zebec launches product in Japan (CTRST)
Advertise Your Brand Here!
Get your name or project across 8,000+ readers by filling out the form below:
SEC “squandered a decade” rejecting BTC ETFs (D)
Genesis forfeits BitLicense to New York regulator and pays $8M fee (M)
Gary Gensler does not support BTC after ETF approval (Y)
Congress on if crypto and FinTech should be regulated (P)
India blocks global crypto sites Binance, Kucoin, OKX over laundering fears (E)
Wise Lending had a exploit of $455K (@peckshield)
Solana trader loses $5.7M in slippage to $9M memecoin trade (MR)
$15B in XRP, 50% of current market cap., failed multiple unsuccessful transactions to exploit Bitfinex exchange (CD)
Anonymous crypto Twitter user lost $57k from a fake comment link (@2Lambros)
Larry Fink backs ETH ETF (CD)
Solana MEV bots bag over $1.7M (CD)
2 Azuki NFTs sold last night each for $225k+ (90 ETH; 95 ETH), making the floor 98 ETH (@thedropnft)
Ethereum has been outperforming BTC in the past weeks (CP)
GameStop bails on it’s NFT marketplace after just 18 months of operating (DT)
FTX customers give feedback on FTX repayment (P)
NEAR Foundation cuts 40% of entire workforce (CCN)
Robinhood to list BTC ETFs as soon as possible (TB)
Greyscale stirs market speculation with 4K BTC transfer (NB)
Hitachi America joins Hedera’s governing council as the 30th member (LI)
Hedera to allocate 4.86B HBAR (currently valued ~ $400M) for further funding & network development efforts (HDRA)
“The #Bitcoin ETF still isn’t priced in. A 10% drop is nothing. Plus Vanguard was blocking access for thousands of clients. The halving is still coming later this year. Trust me, you need to buy the dip right now.”
- Every single hodler this weekend
— The ₿itcoin Therapist (@TheBTCTherapist)
7:58 PM • Jan 12, 2024
2 Steps Forward, 1 Step Back
Sponsored Content: There is no sponsored content in today’s newsletter