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Summary: • Australian cryptocurrency exchange Digital Surge has been bailed out after creditors approved a long-term recovery plan. • The company will receive a loan of 1.25 million Australian dollars from an associated business, Digico, to allow it to function. • Customers with under $250 will be repaid in full and others will receive at least 45% of their balance over five years. Table of Contents: I. Introduction II. Background Information on Digital Surge III. Details of the Recovery Plan…

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• Crypto market capitalization dropped 3.5% in the past 24 hours following a decline in U.S. equity markets. • Ether and dogecoin led the slide among major tokens, falling more than 5%. • U.S. equities fell on Tuesday after technical glitches at the New York Stock Exchange (NYSE) briefly disrupted market trading. Table of Contents: I. Overview II. Major Tokens Pulling Back III. US Equities Affecting Crypto Markets Crypto markets have seen a pullback over the past 24 hours following…

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• The Sushi community has voted in favour of two separate proposals to strengthen the DeFi protocol’s treasury and long-term staying power. • One proposal sought to direct all trading fees from xSushi holders to the Sushi treasury, while the other proposed a clawback of unclaimed SUSHI tokens from a distribution held in 2021 back to the treasury. • Liquidity providers have until Apr. 23 to claim their rewards before all unclaimed tokens will be sent to the treasury. The…

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• Argo Blockchain (ARBK) shares rose 14% on Monday after the company regained listing compliance with Nasdaq. • This was thanks to a late December deal with Galaxy Digital to avoid bankruptcy and the recent rise in the price of bitcoin. • Argo had to meet the requirement of having bids for its stock remain above $1 for 10 consecutive days to regain listing privileges with Nasdaq. Argo Blockchain, a bitcoin miner whose shares are listed on both the London…

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• Candy Digital, a sports-focused NFT company, has raised $38.4 million in a Series A extension funding round. • The announcement followed reports that sports merchandiser Fanatics was selling its 60% stake in the company. • A new filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday finally provided some financial figures. Candy Digital, a sports-focused non-fungible token (NFT) company, has announced a Series A extension funding round earlier this month and has now raised $38,449,997 from 14…

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Bulletpoints: • Yuga Labs, parent company of Bored Ape Yacht Club, released its Sewer Passes NFT project, which granted holders access to a skill-based game called Dookey Dash. • The project yielded over $6 million in total sales volume within hours of release. • Those holding a Sewer Pass can play Dookey Dash from Jan. 19 to Feb. 8, with scores contributing to a broader narrative experience. Yuga Labs, the parent company of popular virtual world Bored Ape Yacht Club,…

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• Ethereum’s upcoming upgrade in March, called the “Shanghai Hard Fork”, is the focus of frenzied speculation in crypto markets. • Over 16 million ether, worth over $22 billion, have been deposited into the Beacon Chain staking contract since the successful shift to proof-of-stake. • Brian Mosoff, CEO of Ether Capital, discussed the milestone of the second-biggest blockchain and the state of competing Layer 1s, as well as his outlook on the upcoming upgrade. The crypto markets are abuzz with…

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• Bitcoin surged over $19,000, posting its biggest one-day return in two months. • Security firms such as OpenZeppelin believe blockchain bridges can benefit from security features built during the ongoing bear market to help avoid huge attacks like those seen in 2022. • Other markets such as the S&P 500, gold, and the Nikkei 225 also saw slight gains. The crypto markets were abuzz on Thursday with Bitcoin (BTC) making a massive 5.6% jump to surpass the $19,000 level….

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• The Consumer Price Index (CPI) dropped 0.1% in December, in line with expectations. • On an annualized basis, the CPI was higher by 6.5%, in line with expectations and down from 7.1% a month earlier. • Bitcoin (BTC) slipped about $150 on the news, with traders having bid the crypto higher in the days leading up to this morning’s report in hopes inflation might decline ever more. The United States Department of Labor released their latest report on the…

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• Gemini terminated the master loan agreement between its customers and Genesis, officially ending Gemini Earn. • This move requires Genesis to return all assets outstanding in the program and is an escalation of a dispute between the two companies. • Genesis released a statement saying they do not agree with everything Gemini has said and are disappointed by the public media campaign. Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has taken a major step in its ongoing…

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