Grayscale Leadership Shakeup Amid Crypto Market Turbulence and Regulation Changes
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Barry Silbert resigned as Grayscale Investments chairman, replaced by Mark Shifke as of Jan 1. Mark Murphy also resigned from the board.
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High funding rates, low liquidity, and Mt. Gox repayments fueled a crypto market decline, bringing $190M+ in losses to leveraged bullish traders.
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South Korea making crypto holdings of 5,800 public officials publicly available starting in 2023 under new transparency legislation.
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Bitcoin blockchain average transaction fees jumped to 445.59 BTC on Dec 20, reaching 2018 highs due to Ordinals congestion.
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Grayscale Bitcoin Trust ETF application still pending SEC approval or rejection along with other firms like BlackRock and Ark 21Shares.