Fanatic sells 60% stake in Candy Digital amid 'imploding NFT market'

Sports merchandise firm Fanatics is divesting its stake in nonfungible token (NFT) company Candy Digital as confidence in the asset class wanes. On Jan. 4, it was reported that Michael Rubin’s sports company Fanatics was offloading its majority 60% stake in the NFT startup. Fanatics was started in 2011 and has become a known name in sports merchandising and e-commerce, […]

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SEC files objection to Binance.US’s plans to acquire Voyager Digital

The United States Securities and Exchange Commission (SEC) has filed a “limited objection” to crypto exchange Binance.US’s proposed $1 billion takeover of bankrupt crypto lender Voyager Digital, citing a lack of “necessary information.” The limited objection was filed on Jan. 4, with the SEC pointing to a lack of detail regarding Binance.US’s ability to fund the acquisition, what Binance.US’s operations […]

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Metrics Point To Strong Bullish Cases For XRP In 2023 As Landmark Ruling In Ripple v. SEC Lawsuit Nears

XRP, the native token of the XRP Ledger blockchain network, has notable market divergence metrics pointing to a strong bullish case, according to an analysis by Santiment. Some of these metrics are pointed out by ‘Sanr_King,’ a pseudonymous on-chain analyst on the market analytics platform. The analysis includes whale addresses continuing to accumulate XRP rapidly and traders continuing to short. […]

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Digital assets inflows reached $433M in 2022: Report

Digital assets funds saw inflows totaling $433 million during 2022, the lowest level since 2018, when inflows in the crypto industry reached $233 million, according to the cryptocurrency investment firm Coinshares.  Investors’ appetite for digital assets seems not to have been fully affected by the crypto winter, but otherwise encouraged investments in crypto assets in a year marked by a […]

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