Bitcoin, Ether Little Changed After $400M Liquidation Rout; DCG's Legal Battle

You're watching Kinik Daily. I'm Helene Braun in for Jensen, Assi Bitcoin and Ether. Prices were little changed over the weekend after a $400 million leverage flash out on Friday dampened market momentum since Friday open interest or the number of unsettled futures contracts across various tokens slid from $99 billion to $60 billion. Indicating traders significantly part bets as of 10 a.m. Eastern time, Bitcoin is trading flat just above the $69,000 level. Ether is down nearly half a percentage point trading below $3700. Fidelity International has selected JP Morgan's onyx digital assets Blockchain to tokenize a money market fund. The London Based funds management firm said that the move means improved efficiency in delivering margin requirements and a reduction in transaction costs and operational risk. Fidelity International has had a long history with digital assets and worked on a tokenized project with Swiss Bank cum and the legal battle continues for digital currency group and its founder and Ceo Barry Silber as New York Attorney general, Latisha James is not backing down from her lawsuit. The Nyags Office filed a motion in opposition to DC GS Silber's and Genesis, former Ceo Michael Morrow's motion to dismiss the case filed in March along with crypto Exchange. Gemini James's office has accused Silbert DC G. Genesis and Morrow of defrauding investors by covering up a gaping $1 billion hole in Genesis balance sheet cost by the three ac collapse. And that's it for coins daily. Get more updates on coin.com and we'll see you next time.