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The Hong Kong Monetary Authority has proposed softer capital requirements for banks holding certain crypto assets, Caixin reported.
The two companies will reportedly use the proceeds to purchase AVAX cryptocurrency from the foundation at a discounted price.
The team is collaborating with security firms on Sui to trace the funds and is developing a compensation plan for affected users.
With this latest acquisition, BitMine holds a total of 2,126,018 ETH worth nearly $9.3 billion, according to Onchain Lens.
The JPMorgan analysts warned that other index providers may also reconsider their inclusion of Strategy and similar crypto treasury firms.
On Wednesday, Polygon PoS experienced 10–15 minute delays in recording block "milestones" after a bug was detected.
The firm is building a “diversified cryptocurrency fund pool" including tokens related to "the Web3 pan-entertainment track."
SEC Chairman Paul Atkins has been vocal in his support of digital assets but his agency continues to punt on many ETFs.
Fuller allegedly ran a crypto investment company called Privvy Investments, and used investor funds on personal purchases.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.