Institutions Are Not Interested in Crypto, Says JPMorgan Senior Strategist

Institutional investors feel relieved they stayed away from crypto, said Jared Gross.

Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it.

This is what a JPMorgan senior investment strategist argued recently, indicating that the interest in the asset class from such investors is “effectively nonexistent.”

The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under $10,000 to $69,000 within that timeframe, becoming a trillion-dollar asset at the time.

FTX claims rights to over $450m worth of Robinhood shares

FTX’s new CEO resorted to the help of the US court to claim his rights to Robinhood shares worth around $450 million. However, the company is not the only solicitor.

In a document submitted on Dec. 23, FTX requests assistance from the court in its fight to retain control of Robinhood shares. The company’s new CEO, John J. Ray III, filed a motion at the US bankruptcy court for the District of Delaware. 

1inch Network Introduces Fusion Update for DeFi Swaps

 Users will be able to choose between three options with the Fusion mode.

The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps.

The team behind the project promised to deliver “almost limitless” liquidity and maximum user protection.

Coinbase is awarded license to operate in Ireland

Coinbase is now able to operate in Ireland, which enables the company to work with European clients as well.

According to a Dec. 21 announcement, Coinbase won approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). The decision enables the firm to continue providing products and services to individuals and institutions in Europe and internationally from Ireland.

Binance unveils themed gift cards and secret Santa events for Christmas

Binance crypto exchange has launched its Christmas holiday-themed promotions where users can send Binance Gift Cards to friends and family and qualify for Secret Santa and Mystery Box events loaded with juicy rewards.

The Binance Christmas promo

Bitcoin Eyes $17K, Ethereum Classic Jumps 5% (Market Watch)

Ethereum Classic is among today’s best performers, while the rest of the market sits quietly.

Bitcoin tried its hand at taking down $17,000 hours ago but was stopped in its tracks and now sits close by.

Most altcoins are with insignificant gains or losses, aside from ETC, which pumped by around 5% in a day.

Polygon Founder Sandeep Nailwal Launches Web3 Acceletor Beacon

The founder of Polygon – Sandeep Nailwal – has assembled a team of founders gathered from the entire Web3 ecosystem – and has launched a startup accelerator to power the future growth of the nascent industry.

Enters Beacon

Beacon is a Web3 accelerator built by Web3 founders, including Nailwal and other well-known names in the field, such as:

Uri Stav, former CSO at DCG

Prateek Sharma, former VP at Sequoia Capital

Kenzi Wang, co-founder at Symbolic Capital