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Decentralized Exchange Volumes Hit Record Above $50B in January

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Uniswap represented over 45% of total DEX volume.

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Bitcoin News Roundup for Feb. 1, 2021

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With BTC stalling and the price of silver soaring to eight-year highs, CoinDesk’s Market Daily is back with the latest news roundup.

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Grayscale Reopens Its Ethereum Trust to Investors

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Digital asset manager Grayscale Investments said Monday that its Ethereum Trust (OTCQX: ETHE) is again open to accredited investors. Read more: Digital Asset Manager Grayscale Eyes DeFi Space With New Trust Filings

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Singapore’s SDAX Gets In-Principle Approval to Launch Digital Asset Exchange

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SDAX now has in-principle approval from Singapore’s central bank for its Recognized Market Operator license.

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Switzerland’s Tokenized Securities Law Ushers In New Chapter for Digital Assets

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Regulated crypto banks SEBA and Sygnum each issued tokenized securities to mark the occasion.

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XRP Pump Fails to Materialize as Price Crashes 40% From Day’s High

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The hefty drop comes despite a community buying effort scheduled for this morning.

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First Mover: Silver Is the New GameStop as Musk’s #Bitcoin Stalls

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As bitcoin trades in a range, traders are studying the “Grayscale premium” and watching traditional markets for clues to the next market move.

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Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street

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Cuban believes WSB traders are applying the principles of the crypto world to the stock market.

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Fine Wines Become First Tokenized Securities Under New Swiss Blockchain Law

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In effect from today, Switzerland’s new blockchain law allows Sygnum to freely issue tokenized assets, starting with investable wines.

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Crypto Lender Nexo Adds Exchange Service to Its Mobile App

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Nexo’s new service provides more than 75 cryptocurrency and fiat currency pairs for trading.

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