πΊπΈπ The US Treasury announced an agreement with Kraken. Kraken has agreed to transfer $362,158.70 to settle its liability for sanctions violations against Iran. As part of its settlement with OFAC, Kraken also agreed to invest an additional $100,000 in enforcement of certain sanctions.
βοΈBlock Inc. sues for bitcoin.com due to alleged trademark infringement regarding his recently released Verse token.
cointelegraph.com
cointelegraph.com
π Report Kaiko:
- The stETH discount worsened after a whale withdrew $100M worth of ETH from Curve.
- The market share of BUSD in volume on centralized exchanges is approaching all-time highs.
- The ratio of futures volume to spot volume has fallen by 5 times, which means that fewer derivatives are traded compared to spot.
The price of bonds issued by crypto companies has plummeted along with stock prices as investors assess the risk of contagion.
- The stETH discount worsened after a whale withdrew $100M worth of ETH from Curve.
- The market share of BUSD in volume on centralized exchanges is approaching all-time highs.
- The ratio of futures volume to spot volume has fallen by 5 times, which means that fewer derivatives are traded compared to spot.
The price of bonds issued by crypto companies has plummeted along with stock prices as investors assess the risk of contagion.
π€ CryptoAttack π¬π§
π₯³ According to the bankruptcy filing, BlockFi's liabilities range from $1 billion to $10 billion.
π The declaration reveals that, in preparation for bankruptcy, BlockFi has taken steps to liquidate some of its crypto assets in order to increase available cash.
funds to finance its business and administrative expenses, managed to raise $238.6 million.
funds to finance its business and administrative expenses, managed to raise $238.6 million.
π Israel Ministry of Finance Issues Guidelines on Regulating Digital Assets coindesk.com
π The MakerDAO community launched a vote to increase DAI annual yield [voice.makerdao.com](https://voice.makerdao.com/polling/QmV3oNeX
π BlockFi Sells $239M Cryptocurrency to Cover Anticipated Bankruptcy Costs and Warns Employees of Layoffs bloomberg.com
π BlockFi sues SBF for forfeiting $575M stake in Robinhood ft.com
π Most FTX subsidiaries have resumed paying wages to non-U.S. employees and contractors, with the exception of executives like SBF. prnewswire.com
π Binance Labs and BNB Chain have launched the MVB accelerator program for the 6th season, and applications are already open. bnbchain.org
π US crypto bank Silvergate reveals less than $20M of digital asset deposits on BlockFi businesswire.com
π Kraken negotiates with the US Treasury to violate sanctions against Iran decrypt.com
π Valar Ventures, a venture capital fund backed by PayPal co-founder Peter Thiel, owns 19% of BlockFi. wsj.com
π The U.S. House Financial Services Committee plans to hold a hearing on FTX on December 13th. www.financialservices.house.gov
π Jack Dorsey's Block payment company is suing bitcoin.com for trademark infringement cointelegraph.com
π Sources: The European Commission plans to pass a new encryption tax bill on December 7, with a view to implementing it in 2026. theblock.com