Top Crypto Market Highlights December 29, 2022

Top Crypto Market Highlights News Of The Day

DFPI Warns Of 16 Crypto Websites Suspected Of Fraud

Over the course of two days, the California Department of Financial Protection and Innovation (DFPI) has issued 16 different warnings to cryptocurrency brokers and websites it believes to be fraudulent. For more specific information, you can read the article below:

https://news.coincu.com/156401-dfpi-warns-of-16-crypto-websites-of-fraud/

FTX Invested $200 Million In Mysten Labs And Dave Is Suspected Of Client Money

Of the billions of dollars in customer deposits that disappeared from FTX in the blink of an eye, FTX invested $200 million in Mysten Labs and Dave is being suspected by the SEC as customer funds. The U.S. Securities and Exchange Commission stated in two complaints that FTX and SBF are suspected of using client funds to make two $100 million investments through their subsidiaries. For more specific information, you can read the article below:

https://news.coincu.com/156407-ftx-invested-200m-suspected-client-money/

China Will Launch First National NFT Marketplace In 2023

China will launch its first state-backed non-fungible token (NFT) market. This is the latest sign of the adoption of a technology that occupies a legal gray area in the country’s notoriously strict regulations on cryptocurrencies. For more specific information, you can read the article below:

https://news.coincu.com/156410-china-will-launch-first-nft-marketplace/

Huobi Opens Pi (Pi Network) Spot Trading, Remarkable Price At $60

Pi Network has officially listed on the Huobi exchange, according to the latest statement, Huobi announced it would be opening Pi (Pi Network) spot trading (PI/USDT) at 09:00 (UTC) on December 29. Pi Network recently seems to be a finishing line in a race of listing to some exchanges, XT.COM released an announcement yesterday, saying the Pi has been listed as the PI/USDT pair, but it would only be available for trade at 03:00 on the same day. For more specific information, you can read the article below:

https://news.coincu.com/156587-huobi-opens-pi-pi-network-spot-trading/

Matrixport Announces Solana Delist Because Of The Network’s Crisis

Crypto asset management company Matrixport was the next platform to say goodbye to Solana after it went through a crisis following the bankruptcy of FTX. The company has said that it will delist the dual-currency investment products Solana and SOL-U on December 30. Additionally, the company that manages digital assets won’t be releasing any more SOL products in the future. For more specific information, you can read the article below:

https://news.coincu.com/156516-matrixport-announces-solana-delist/

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.