• OKX, the second-largest cryptocurrency exchange by trading volume, released a second proof-of-reserves (PoR) report. • The report shows that as of Tuesday, 12:00 UTC, OKX’s wallets held 113,754 bitcoin (US$1.87 billion) against a user balance of 112,192 bitcoin (BTC). • This PoR report allows users to verify that the…

Summary: • The U.S. Federal Reserve has raised interest rates by 50 basis points (0.5 percentage point) to 4.25%-4.5%, the highest level in 15 years. • The decision signals a slowdown in the pace of hikes by the Fed, which for the past four consecutive meetings has raised rates in…

Bullet Points: • Bitcoin’s annualized seven-day implied volatility (IV) has hit a two-year low of 38.2%. • Analysts attribute the lack of volatility to the macro outlook being “extremely constructive”, with inflation falling and the decline in oil making the Ukraine war less relevant. • Despite negative headlines, Bitcoin has…

• FTX is seeking help from a U.S. bankruptcy court to fight over ownership of $450 million in Robinhood Markets (HOOD) stock. • The stock is held by a corporate entity organized in Antigua and Barbuda and 90% controlled by former FTX CEO Sam Bankman-Fried. • FTX has asked the…

• Italian and Albanian law enforcement authorities have busted a cryptocurrency investment scam estimated to have netted 15 million euros. • Assets worth 3 million euros were seized and more than 160 electronic devices were confiscated by a joint investigation team. • Victims of the scam were asked to create…

• CoinDesk is releasing a Crypto 2023 series crossword created by professional puzzle maker Myles Mellor. • Participants can submit completed crosswords to opinion@coindesk.com. • Results of the crossword will be released on Thursday, Dec. 15, 48 hours after publication. CoinDesk is proud to announce the launch of the Crypto…