Top story: OKX Closes $25B Funding Round With Circle, Ripple. At publication, Bitcoin was at $84,252 (-1.2% in 24h), Ether at $2,618.36 (-2.9% in 24h) and the total crypto market cap at $2.88 trillion (-4.2% in 24h).
Abstract, an Ethereum Layer 2 backed by Pudgy Penguins, will cease operations on December 15. The shutdown is the second Layer 2 closure in a week, following Blast's announcement of network shutdown.
OKX completed a $25 billion pre-money valuation funding round led by ICE with Circle, Ripple, Qube Research & Technologies, and Standard Chartered's SC Ventures. The exchange is repositioning as a global financial tech platform spanning crypto, payments, and tokenized assets.
FinCEN withdrew two proposed rules that would have imposed stricter reporting requirements on self-hosted wallet transfers and crypto mixing services. The withdrawal follows years of industry and civil-liberties opposition to the regulations.
Ethereum Economic Zone executed the first atomic L1-to-L2 transaction on mainnet, moving 0.001 ETH in a single operation where both layers succeed or fail together. The milestone simplifies cross-layer asset transfers and reduces friction for users moving funds between Ethereum and scaling solutions.
Winklevoss Asset Services filed an S-1 registration statement with the SEC for a spot Zcash ETF to trade on Nasdaq under ticker WINK with a 0.25% management fee. Winklevoss Capital Fund signaled nonbinding interest in purchasing up to $100 million in shares at launch.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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