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FTX Will Receive All of Ren Protocol's Pegged Assets, Including Bitcoin and Dogecoin

Ren Protocol has transferred all its assets and shares to cold wallets controlled by FTX Trading, according to a tweet by the protocol. FTX had directed the protocol to transfer all assets to debtor wallets for safeguarding in advance of possible shutdowns of infrastructure and systems. The assets will be held on separate, segregated cryptocurrency wallets different from those used for other debtors. Ren allowed users to transfer tokens such as bitcoin, ether, and dogecoin among different blockchains and became one of the most popular decentralized finance protocols in the 2021 bull run. The protocol was acquired by Alameda Research in February 2022, and in November, Ren Protocol said it was impacted by FTX Group's Chapter 11 proceedings and had no funding to last beyond 2022 for the previous version of its service. Ren's REN token fell as much as 11% in the past 24 hours after the developers tweeted the move.

CFTC Defines Bitcoin, Ethereum, and USDC as Commodities in Latest Crypto Fraud Case Against Deutsche Bank Investment Banker

The CFTC has filed a civil enforcement action against former Deutsche Bank investment banker Rashawn Russell for digital asset trading fund fraud and misappropriation of investor assets.

Bitcoin Is Rallying But El Salvador’s Holdings Are Still Down 29%

Bitcoin may be at a nine-month high, but El Salvador’s total holdings are still worth 29% less than what the government paid for the world’s largest digital currency.

Ethereum Price Falls Below $1,900 As Shanghai Upgrade Approaches

The market value of ETH fell from $1,921 to as low as $1,888 over a short period. That change was seen during the hour leading up to 8:30 p.m. UTC on April 11.

JFK’s Nephew: Bitcoin Is an ‘Escape Route’ From the Turmoil Caused by the Fed

Robert F. Kennedy Jr – the nephew of former President John F Kennedy, who challenged Joe Biden for the Democratic nomination in the 2024 elections –believes cryptocurrencies like bitcoin could serve as lifeboats to individuals “when this bubble invariably bursts.”

Shorts Obliterated as Bitcoin Surges Through $30K, Here is the Next Key BTC Price Target to Watch

The latest Bitcoin (BTC) price pump, which has seen the world’s largest cryptocurrency rally into the mid-$30,000s per token, has obliterated millions worth of short positions.

Crypto Morning Briefing: Bitfinex Becomes First To Get Crypto License Officially In El Salvador

Riot Platforms and Marathon Digital Lead Crypto Stock Gains as Bitcoin Settles in Above $30K; Ethereum’s Shanghai Upgrade Will Permanently Alter ETH Economics; Former Deutsche Bank Investment Banker Indicted for Cryptocurrency Fraud
Crypto Morning Briefing: Bitfinex Becomes First To Get Crypto License Officially In El Salvador

US Dollar Losing Reserve Status: Impact on BTC & Markets

Investors today are spending less time pouring over individual company balance sheets and are instead trying to predict how the Fed’s balance sheet is changing.
US Dollar Losing Reserve Status: Impact on BTC & Markets

Breaking: Bitfinex Becomes First To Get Crypto License Officially In El Salvador

The Bitfinex team announced on Tuesday that its crypto exchange unit became the world’s first international digital asset platform to receive approval to be licenced as a Digital Asset Service Provider under El Salvador’s ground-breaking new Digital Assets Issuance Law. The license will enable the issuance and trading of innovative real-world tokenized assets such as equities and bonds. The license had been obtained officially for the entity “Bitfinex Securities”, which is a fully-regulated digital asset exchange.