Adam here.

Bitcoin is soaring and reached a yearly high. With the Binance uncertainty put to bed, traders appear to have gained confidence that the drama of the crypto winter may be behind us.

Pro traders have been paying premiums to roll over Bitcoin bets as they speculate on exchange-traded fund approvals.

The CME has seen a record number of open Bitcoin futures contracts in recent weeks. Volumes hit a two-year high above $73 billion in November.

Fierce debate broke out over a proposal in the Arbitrum DAO which explored the implementation of ARB token staking passed a vote earlier this month.

Detractors said the staking system outlined in the proposal misses the mark. Those in favour told DL News it had been misinterpreted.

Have a great weekend,

Adam

Guo’s bold prediction that EthereumPoW would match Ethereum’s price within 10 years is nowhere near coming to fruition one year on.

Crypto lobbyists descend on Capitol Hill amid fresh push for ‘insanely overbroad’ rules

In a four-page memorandum seen by DL News to the US Senate Banking Committee the Treasury urged lawmakers to consider a “new type of sanction” for crypto.

SEC’s shock absence from Binance settlement means Gary Gensler can dominate crypto

The SEC was notably missing from last week’s $4.3 billion settlement with Binance. In doing so, it scored a strategic victory.

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