Crypto management firm Valkyrie Investments, one of Grayscale’s rivals, has announced a plan to become the sponsor and manager of the Grayscale Bitcoin Trust (GBTC) fund. As part of its plan to sponsor GBTC, the Tennessee-based company also launched a fund to take advantage of its discount.
December saw the lowest monthly total for cryptocurrency theft for the past year, with $62.2 million worth of cryptocurrencies stolen, according to blockchain security company CertiK.
Liquid staking protocol Lido Finance has seen its total value locked (TVL) surpass that of MakerDAO, the maker of DAI, to become the largest protocol in the decentralized finance (DeFi) space by TVL.
Top stories in the Crypto Roundup today:
- Valkyrie Announces Plan to Sponsor Grayscale Bitcoin Trust
- Crypto Theft Sees ‘Lowest Monthly Figure’ in December
- Lido Overtake MakerDAO’s Total Value Locked to Top Defi Rankings
- Digital Asset Investment Product Outflows Continued in December