Page 1339 – Stay sly and hodl

FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi’s Investment Arm

The agreement requires approval from a Delaware bankruptcy court as failed exchange seeks to raise funds for creditors.

Silvergate Collapse Dragging Down Bitcoin Volume

Data from CryptoQuant shows that active addresses and transfer volume have seen significant declines as Silvergate weighs heavy on the market.

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole

U.S. President Joe Biden’s proposed budget will include a provision to close tax loss harvesting on crypto transactions.

Polygon, Solana Lead Majors Slide Amid Bitcoin Weakness

Bitcoin dumped Thursday on the back of multiple catalysts that contributed to selling pressure.

Crypto Stakeholders Say No Exposure to Shuttered Silvergate

Binance, Coinbase, OKX, and Paxos have all released statements.

U.S. Government’s $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips

The price of bitcoin dipped below 22,000 early Wednesday after authorities moved some of the bitcoin to Coinbase-controlled wallets.

Yuga Labs’ Otherside Metaverse to Launch Second Trip on March 25

The Bored Ape parent company will allow up to 10,000 holders of its Otherdeed NFTs to participate in the second gamified test of its Otherside metaverse platform.

Lido Finance Weighs Sunsetting Liquid Staking on Polkadot, Kusama

The proposal comes as MixBytes, Lido’s partner developer firm for Polkadot and Kusama liquid staking, announced to stop supporting the networks.

First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns

ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March

Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog

Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards