Ex-FTX US chief Brett Harrison secures $35 million for new exchange

Brett Harrison, the former president of FTX US, has successfully raised $35 million for his new venture, Architect Financial Technologies, aimed at developing an institutional trading platform that will encompass cryptocurrencies, equities, and futures. This funding marks a significant step in the aftermath of the FTX collapse, showcasing resilience in the cryptocurrency sector.

Circle has announced the circulation of €300 million of its EURC stablecoin, which complies with the Markets in Crypto-Assets (MiCA) regulation, positioning it for real-time payments and global use. This development marks a significant step in the company's strategy to enhance its stablecoin offerings within a regulated framework.

Bybit has introduced a new insurance fund mechanism for its USDT perpetual contracts, aiming to enhance market stability and reduce volatility risks for traders. This initiative is designed to create a more secure trading environment, potentially attracting a larger user base to the platform.

Glassnode's recent data indicates that net flows for Bitcoin and Ethereum exchange-traded funds (ETFs) in the U.S. have remained negative since November, signaling a decline in institutional demand for these cryptocurrencies.

BitGo has launched Aptos staking services specifically for institutional clients, enhancing their access to blockchain staking and potentially increasing the adoption of crypto assets among larger investors. This initiative marks a significant step in BitGo's strategy to cater to institutional needs in the evolving cryptocurrency landscape.

Koinly has reported a limited email address leak associated with a breach at Mixpanel, clarifying that no wallet, tax, or transaction data has been compromised. This incident raises concerns about data security and the potential risks associated with third-party integrations.

Bitcoin's volatility has decreased to 46%, now lower than that of Nvidia and Tesla stocks, indicating a trend towards greater price stability in the cryptocurrency market. This shift suggests that Bitcoin is maturing as an asset class, moving away from the extreme fluctuations that have characterized its history.

The International Monetary Fund (IMF) has reported that discussions regarding El Salvador's Chivo Bitcoin wallet are progressing, which could significantly influence the country's cryptocurrency strategy and its management of public funds.