• The crypto market has largely priced in the bankruptcies that occurred last year, yet many crypto firms are still paying off bank loans to cover their positions.
• Two banks with a high-profile roster of crypto companies for customers are being kept afloat by money from home loan banks, potentially signaling a bullish sign for cryptocurrency in the long run.
• Regulators are monitoring the situation and remain wary of the implications.

The crypto market is continuing to show signs of growth, despite last year’s bankruptcies and the most recent bankruptcy of Genesis. Even though the market has largely priced in the bankruptcies, many crypto firms are still paying off bank loans to cover their positions. In a surprising turn of events, two banks with a high-profile roster of cryptocurrency companies for customers are being kept afloat with money from home loan banks. This could be viewed as a positive sign for the crypto market in the long run.

Regulators are monitoring the situation closely, as they are concerned about the implications. Home loan banks typically provide loans to businesses that are considered to be low-risk, such as mortgage lenders, so the fact that they are now providing funds to crypto firms is a cause for concern. These funds could be seen as a sign of confidence in the crypto market, however, as the banks are willing to take a risk on these companies.

The banks in question are both considered well-known in the crypto space. The first is Coinbase, which is one of the most well-known crypto exchanges in the world. Coinbase has recently received funds from home loan banks to cover its positions in the market. The second bank is BitMEX, which is a crypto derivatives trading platform. BitMEX has also received funds from home loan banks to help it stay afloat.

It remains to be seen whether or not this influx of funds will have an impact on the crypto market. If the funds are used to cover positions and increase liquidity, then it could be a positive sign for the market. On the other hand, if the funds are used for speculation, then it could have a negative effect on the market. Regulators will continue to monitor the situation closely and take appropriate action if necessary.

In conclusion, the crypto market is showing signs of growth despite the bankruptcies and market downturns of last year. Two banks with a high-profile roster of crypto companies for customers are being kept afloat with money from home loan banks, potentially signaling a bullish sign for cryptocurrency in the long run. However, regulators are keeping a close eye on the situation and remain wary of the implications. Only time will tell if this influx of funds will have a positive or negative effect on the crypto market.

• Bitcoin surged past $22,000, bringing the cryptocurrency market back to a market cap of over $1 trillion.
• The pump has triggered another avalanche of liquidations across digital asset exchanges.
• Ether has pumped from $1590 to $1651 within a short time frame.

The cryptocurrency market has been on an absolute tear lately, with Bitcoin leading the charge. After a minor correction earlier this week, the top asset has pushed back above the $22,000 mark, bringing the total market capitalization back above $1 trillion.

The rally has been fueled by a number of factors, including increasing institutional adoption, a weaker US dollar, and increased retail interest. The past day has seen Bitcoin surge past $22,000, with the asset reaching a high of $22,615 at the time of writing.

The surge has triggered another avalanche of liquidations across digital asset exchanges. According to data from Bybt, over $250 million worth of positions were liquidated in the last 24 hours alone. This is in addition to the $2.6 billion worth of liquidations seen earlier this week.

Ether has also seen a healthy surge, with the asset pushing from $1590 to $1651 in a short time frame. This brings the asset back to levels not seen since the Ethereum merge. The past week has seen a number of bullish milestones for the asset, with the daily trading volume recently surpassing the $30 billion mark.

The cryptocurrency market is showing no signs of slowing down, with both Bitcoin and Ether reaching new all-time highs in the past few days. With the total market capitalization now back above $1 trillion, it looks like the crypto rally is here to stay.

Bullet Points:
• El Salvador recently passed a law establishing a regulatory framework for tokenized securities, altcoins, and businesses known as the Digital Asset Issuance.
• The law is expected to facilitate the issuance of President Nayib Bukele’s bitcoin bonds, or Volcano Bonds.
• This law will also provide a legal framework for the wider crypto classification, which includes all digital assets other than Bitcoin.

El Salvador recently made headlines after the Legislative Assembly voted to pass a historic law known as the Digital Asset Issuance. This law is expected to bring a much-needed regulatory framework for tokenized securities, altcoins, and businesses. The passing of this law is a major milestone for El Salvador, which has had a tough year after making Bitcoin legal tender in the country.

The new law will focus on setting up a legal framework around the issuance of digital assets and the wider crypto classification, which includes every other type of digital asset in the market besides Bitcoin. This means that there is now a legal basis for the issuance of President Nayib Bukele’s bitcoin bonds, aka, the Volcano Bonds. This will provide an additional layer of protection to investors and will also open up the possibility of other digital assets being issued in the future.

The law is also expected to provide an attractive platform for businesses to launch their projects and tokenizes securities. This will create a much-needed regulatory environment for businesses in the sector and will help to encourage further innovation and investment in the country.

The passage of this law is a testament to El Salvador’s commitment to become a leader in the global digital asset market. This law establishes El Salvador as a destination for digital asset businesses and will create a much-needed platform for businesses to launch their projects and tokenizes securities. This will create a much-needed regulatory environment for businesses in the sector and will help to encourage further innovation and investment in the country.

The Digital Asset Issuance law will also provide an attractive platform for businesses to launch their projects and tokenizes securities. This will create a much-needed regulatory environment for businesses in the sector and will help to encourage further innovation and investment in the country. The law is also expected to provide additional protection to investors by setting up a legal framework around the issuance of digital assets and the wider crypto classification.

The passing of this law is sure to have a positive effect on El Salvador and its economy. This law will help to open up the country to new digital asset businesses and investors, and will provide an attractive platform for businesses to launch their projects and tokenizes securities. This will create a much-needed regulatory environment for businesses in the sector and will help to encourage further innovation and investment in the country.

• Bank of France Governor Francois Villeroy de Galhau believes that cryptocurrency firms should obtain tougher regulatory licenses to continue providing their services.
• Villeroy stated that the „disruption“ in the crypto sector is the main reason for more stringent rules.
• He also stated France should introduce stricter rules for domestic digital asset entities as soon as it is ready with its legislation instead of waiting for other European countries.

The cryptocurrency sector has been experiencing a great deal of disruption in recent times, as more and more companies have been entering the space and offering services. As a result, the French government has been looking to implement stricter regulations on the industry, in an effort to protect consumers and ensure that their money is well looked after. One of the main proponents of these stricter regulations is Bank of France Governor Francois Villeroy de Galhau.

Villeroy has been a vocal supporter of tighter regulatory oversight on the cryptocurrency industry, and has been advocating for tougher licenses for cryptocurrency firms. According to the central banker, these licenses should be more stringent than the existing ones, due to the current „unstable environment“ in the sector. He believes that these licenses should be obtained in order for cryptocurrency firms to continue providing their services. Villeroy has also stated that France should introduce stricter rules for domestic digital asset entities as soon as it is ready with its legislation, instead of waiting for other European countries.

It is clear that Villeroy is taking a proactive approach to regulating the cryptocurrency sector. He believes that this is necessary in order to protect consumers, and to ensure that the sector remains stable and reliable. He has also stated that the Bank of France is willing to work with other European countries in order to ensure that these regulations are implemented across the continent.

In addition to stricter regulations, the Bank of France is also looking to introduce a new program that would help cryptocurrency firms to register with the government. This program would help the government to track cryptocurrency firms, and ensure that they are following the regulations that have been set out. The program is still in the early stages of development, but it is hoped that it will be up and running soon.

It is clear that the Bank of France is taking a proactive approach to regulating the cryptocurrency sector. By introducing stricter regulations, and a new program to help cryptocurrency firms register with the government, the Bank of France is hoping to make the sector more secure and reliable for consumers. This could lead to greater trust in the sector, and could help to attract more people to invest in cryptocurrencies.

Bulletpoints:
1. The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60%, putting pressure on the world’s largest institutional crypto fund manager, Grayscale and its parent company.
2. The trust holds 3 million ETH, which is about 2.5% of its total market capitalization, and has declined 69% over the past year.
3. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed.

Grayscale is the world’s largest institutional crypto fund manager and its parent company is feeling the pressure as the Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60%. The trust holds 3 million ETH, which is about 2.5% of its total market capitalization and has declined 69% over the past year. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. This week, the discount sunk to its lowest-ever level.

The ETHE fund is down 69% over the past year, according to Grayscale, but it has gained 49% since its inception in December 2017. Every Grayscale fund, including ETHE, has a 2% annual management fee. This fee is deducted from the NAV of the fund and is the primary reason for the discount to NAV.

The Ethereum Trust is the firm’s second-largest, with $3.7 billion in assets under management (AUM). Since the trust’s inception, the price of Ethereum has been volatile and has experienced numerous peaks and valleys. Ethereum’s price is also heavily influenced by the broader cryptocurrency markets and the sentiment of investors.

In addition to the management fee, there are other factors that contribute to the discount. The fund’s liquidity is an issue, as the fund is not as liquid as it once was. Investors must also consider the risk of liquidation, which could lead to further discounts.

The discount to NAV is a concern for investors, as it indicates that the fund is overvalued or the market is underestimating the value of the underlying assets. Given the current market conditions and the volatility of Ethereum, it is unlikely that the discount will narrow anytime soon.

Overall, the discount to NAV is a sign of the times for the Grayscale Ethereum Trust and it is likely that the discount will remain in the near-term. The fund’s management fee and its lack of liquidity are major contributors to the discount, and investors should be aware of the risks associated with investing in the fund. Despite the discount, the fund remains an attractive option for those looking to gain exposure to Ethereum.

• BTC.com, a prominent cryptocurrency mining pool, suffered a cyberattack that resulted in a significant loss of company and user funds.
• According to a market research firm, X-explore’s analysis, most stolen assets were transferred to Tornado Cash while some amounts were also transferred to centralized exchanges Binance and Kucoin.
• It is suspected that the perpetrators could have laundered the funds with the help of a centralized BTC Mixer.

Last month, BTC.com, a prominent cryptocurrency mining pool, experienced a cyberattack that resulted in a significant loss of company and user funds. The company had earlier revealed securing an undisclosed amount of assets. However, new details have emerged regarding the whereabouts of the stolen funds.

The market research firm, X-explore, conducted an analysis of the stolen funds. According to their findings, most of the stolen assets were transferred to Tornado Cash while some amounts were also transferred to centralized exchanges Binance and Kucoin. X-explore also noted that a total of 1,964 ETH, worth around $1.4 million, was transferred to Tornado Cash.

In addition, X-explore identified a BTC wallet that transferred 32.5 BTC, worth around $550k, and is suspected to be stolen. The perpetrators could have laundered the funds with the help of a centralized BTC Mixer. X-explore also found that the wallet had sent out another transaction to a CEX, which was quickly withdrawn in the form of USDT.

Furthermore, the company noted that other funds from the wallet had been sent to various address, including some that have been associated with the dark web. Additionally, some of the funds have been sent to other centralized exchanges such as Binance and Kucoin.

The investigation is still ongoing, and it is unclear as to where all of the funds have gone. However, X-explore has stated that it is possible that the perpetrators had used a combination of centralized exchanges, dark web marketplaces, and decentralized finance protocols to launder the funds.

Overall, the attack on BTC.com was a significant one that resulted in a significant loss of company and user funds. Fortunately, the market research firm, X-explore, was able to identify some of the transfers and their possible destinations. It is likely that the investigation will continue, and more information will be revealed. In the meantime, it is important that cryptocurrency users remain vigilant and secure their funds.