The SEC in the United States has persisted in imposing restrictions on cryptocurrency companies, most recently issuing an enforcement notice to Uniswap. Furthermore, the agency has delayed making a decision about allowing options trading for crypto on the New York Stock Exchange. Let’s explore this topic further.
Bitcoin
The SEC has postponed making a choice to let NYSE list Bitcoin SPOT ETFs for options trading.
According to Brad Garlinghouse, the CEO of Ripple, he anticipates that the total value of the cryptocurrency market could reach an astounding $5 trillion by the close of this year.
DeFi
The departure of MarginFi’s CEO in the midst of controversies and disagreements with Solana-linked initiatives has led to a large number of funds being withdrawn, indicating a loss of faith among the Solana Decentralized Finance (DeFi) community.
Technology
Andre Cronje, a co-founder of the Fantom blockchain, has spoken out in support of Solana’s network amidst recent transaction issues. He attributes these problems to the negative consequences of swift growth.
Business
Auradine, a tech startup, recently finished a Series B investment round, bringing in $80 million just prior to the Bitcoin halving occasion.
Monad Labs, a business specializing in blockchain technology, announced the accomplishment of securing $225 million during their recent fundraising campaign, with Paradigm spearheading the investment.
A venture studio called Thesis, which focuses on the Bitcoin community, has introduced their new Layer-2 platform named Mezo.
Metaplanet teamed up with Sora Ventures to put JPY 1 billion, which is equivalent to $6.5 million, into investing in Bitcoin. Their goal is to create “Asia’s first company similar to MicroStrategy” by doing so.
Security
Solana developers aim to resolve the ongoing issues with transaction failures on their network by implementing a fix on April 15. Reports suggest that a bug in the implementation has led to an alarming increase in failed transactions on the Solana blockchain. Developers are currently working to rectify this issue and have announced their intention to implement the solution by mid-April.
Regulation
A decision made by the High Court in Podgorica allows Justice Minister Andrej Milovic to determine where Terraform Labs co-founder Do Kwon will be extradited – either to the US or South Korea.
Sam Bankman-Fried, the founder of FTX, is challenging in court his fraud conviction and the 25-year prison term imposed on him for allegedly misappropriating billions of dollars from former clients of the collapsed exchange.
Senate Representatives Kirsten Gillibrand (Democrat from New York) and Cynthia Lummis (Republican from Wyoming) are planning to present fresh legislation in the Senate, providing two potential avenues for stablecoin issuers to ensure their operations remain secure.
The SEC has issued a warning to Uniswap, a well-known decentralized finance (DeFi) platform, indicating that it intends to take action against the company due to allegations that Uniswap functions as an unregistered securities brokerage and exchange.
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2024-04-15 04:08