ArkotNews

U.S. lawmakers should recognize the unique qualities of Bitcoin as they set out market structure for the crypto economy, says John Rizzo.

A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”

The firm didn’t comment on the new SEC filing, but did outline its crypto investment strategy.

ALSO: Asia-Based Traders Push Bitcoin Past $30K

The department's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime.

A proposal would divvy up Rook’s nearly $50 million crypto treasury between Rook Labs, which builds MEV technology, and the new Incubator DAO.

The firm started its fund as more crypto projects seek non-U.S. jurisdictions.

The DEX, however, has been unable to maintain elevated periods of trading volumes in the past, CCData noted.

Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset.

Developers asked users to revoke contracts as a security measure early Sunday.