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Florida CFO Advocates for Crypto, Raises Concerns Over CBDCs
The State of Florida holds around $800 million in crypto-related investments. Jimmy Patronis, Florida’s Chief Financial Officer, said in a recent interview with CNBC that crypto represents a big opportunity for the state’s investment portfolio and pension funds.
Did you know that Gary Hensler has a twin brother named Robert?
Since 1993, he held the position of portfolio manager at the investment firm T. Rowe Price, and he also served as its vice president. Most of the mentions of him date back to the early 2000s, making it challenging to unearth any fresh and intriguing information about Robert. MetaMask's New Feature: Cash Out Directly to Fiat!
MetaMask Portfolio now lets users cash out crypto to fiat currencies like USD, EUR, and GBP. Users can quickly convert crypto to fiat, sending it directly to preferred destinations like bank accounts or PayPal.
Instead of relying on one provider, MetaMask aggregates multiple vetted providers, presenting real-time conversion options.
Currently, this feature supports ETH on Ethereum Mainnet in the US, UK, and parts of Europe. Expansion plans include more regions and layer 2 network gas tokens. Don't Stress, Crypto Trader: Tips to Handle Trading Pressure
Checking the market and your crypto portfolio day and night? Many crypto traders are familiar with this situation. One moment prices are up and the next they plummet. The uncertainty can easily make you addicted to charts and stress you out. How to Find Early-Stage Cryptocurrencies to Invest In?
Investing early in new tokens can make a big difference in your crypto portfolio. Despite ups and downs, some popular cryptocurrencies, including Bitcoin, Ether, and SOL had impressive growth from the time of their launch. But how do you find new cryptocurrencies and choose which ones to invest in? This article provides some answers. 
3AC Creditors May Recoup Only 45% of Their Assets
The liquidators of the collapsed cryptocurrency hedge fund, Three Arrows Capital (3AC), have projected that creditors could recover about 45.74% of their funds, based on the current frozen assets. The bulk of this seized investment portfolio, amounting to 82%, is tied up in non-liquid tokens. Analysts Predict Minimal Market Impact from FTX Liquidations
FTX's portfolio liquidation is unlikely to shake the market significantly, as noted by Coinbase in their latest weekly report.
They cited multiple reasons supporting this claim.
1. Weekly Sell Limits: Initially, liquidations are capped at $50 million per week for digital assets. This limit will gradually increase to $100 million in subsequent weeks. Any permanent increase to a maximum limit of $200 million requires approval from two committees representing FTX debtors.
2. Insider-Affiliated Tokens: Stricter controls govern the sale of “insider-affiliated” tokens, necessitating a 10-day advance notice to the same committees.
3. Locked Holdings: A significant portion of FTX’s SOL holdings, along with some other tokens, are locked until approximately 2025 due to token vesting schedules, limiting their availability for sale.
4. Hedging Measures: FTX has the option to hedge its sales of BTC, ETH, and other debtor-identified assets through an investment advisor, contingent on prior committee approval. These precautions ensure a measured and controlled approach to asset liquidation. XRP ETF Rebranded by Bitwise
Bitwise has launched new ETPs, aiming to provide investors with diversified tools for managing cryptocurrency exposure. This strategy enhances portfolio flexibility, offering a chance to benefit from the digital asset market’s growth without direct cryptocurrency investments.Ethereum Foundation's $970 Million Treasury Revealed
The Ethereum Foundation has published a financial report detailing its assets, which amount to nearly $970 million. Of this, $788.7 million is held in cryptocurrencies, with ETH constituting 99.45% of the portfolio. Approximately $181.5 million is invested in conventional assets and cash reserves.Shocking $415 Million Loss: Trader Sues Broker for Risky Advice
Canadian trader Christopher DeVocht has filed a lawsuit against RBC Dominion Securities and its financial advisors, demanding compensation for his $415 million loss (the peak value of his account). DeVocht claims the firm gave him poor investment advice and executed high-risk trades, which ultimately wiped out his entire portfolio. 
5 Best AI Cryptocurrencies: The Intersection of AI and Blockchain
AI cryptocurrencies are assets that empower projects intertwined with artificial intelligence. They serve various purposes, including portfolio management, image generation, and information retrieval. These tokens enable owners to engage in project development and cover platform service fees. Binance's New Web3 Wallet: Key Details
Binance has introduced its new Web3 wallet, offering compatibility with thirty different blockchains and a range of standard features (trading, staking, and NFTs). The company's objective is to compete with well-established applications like MetaMask and Trust Wallet, although the latter is already part of the exchange’s portfolio. 