Alpaca Finance Institutional Newsletter #112
Alpaca Finance Institutional Newsletter #112
🌊 OpenSea's Secret Token Plans
Key developments in the crypto space:
OpenSea Foundation hints at OCEAN token launch through cryptic X post, with preparations including Cayman Islands registration
Bitwise launches Solana Staking ETP on Deutsche Börse AG, enabling European investors to gain SOL exposure with staking benefits
Rumble receives $775M investment from Tether, including $250M for growth and tender offer for 70M shares at $7.50
Notable Updates:
- Deutsche Bank developing L2 blockchain on Ethereum
- Trump appoints Bo Hines to head crypto council
- Ohio proposes state-backed bitcoin reserve
- Jump Crypto subsidiary settles with SEC for $123M
Stay informed on these developments through our official channels.
DOJ Cleared to Sell Seized Bitcoins, UK Updates Staking Rules, Coinbase Gets Appeal
A federal judge has authorized the DOJ to sell 69,370 Bitcoins seized from Silk Road, marking the government's largest crypto confiscation. The U.S. Marshals Service typically auctions seized crypto, with recent wallet activity suggesting preparation for sale. The UK Treasury has modified regulations to exclude crypto staking from collective investment scheme classification. Effective January 31, the change recognizes staking as blockchain validation rather than investment pooling, providing regulatory clarity. A NY court granted Coinbase's request for interlocutory appeal, temporarily pausing SEC litigation. This allows review of Howey Test application to crypto-assets, after SEC alleged Coinbase operated as an unregistered exchange.
Alpaca Finance Completes 199th Weekly Token Burn
Alpaca Finance has completed its 199th weekly buyback and burn, removing 8,888 $ALPACA tokens (~$1.4k) from circulation. Key metrics: - 118 out of 124 weeks were deflationary - Total burned: 34.62M+ tokens (18.41% of supply) - Cumulative user revenue distribution: ~$4.24M The protocol maintains consistent weekly burns of 8,888 tokens, demonstrating sustained deflationary pressure over a 2-year period. View detailed burn statistics in the [public spreadsheet](https://docs.google.com/spreadsheets/d/1p575wd1bbkNsd31Ic25sKnyIKhf5SM_xaqDkUbru46M/edit#gid=0).