BitMEX has been fined $100 million by a U.S. judge for violating the Bank Secrecy Act after admitting to money laundering violations.
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The SEC filed a lawsuit against Elon Musk, accusing him of securities fraud during his Twitter acquisition. The lawsuit seeks penalties and a jury trial.
Gary Gensler, SEC Chair, warns that thousands of crypto projects are likely to fail, citing their speculative nature and lack of solid foundation.
SEC Chair’s Dire Crypto Warning: Thousands Will Fail
Gary Gensler, the outgoing chair of the U.S. Securities and Exchange Commission (SEC), has issued a stark warning about the cryptocurrency industry, predicting widespread…
Trump’s first-day executive orders aim to dismantle Biden’s crypto policies, including SAB 121. Learn how this shift may redefine U.S. cryptocurrency regulation.
The Trump administration reportedly plans to issue executive orders on its first day in office to dismantle Biden-era cryptocurrency regulations, signaling a shift in U.S. crypto policy.
Key Crypto Regulations in Crosshairs
According…
The SEC has postponed its decision on the Bitwise 10 Crypto Index ETF until March 3, 2025, citing the need for a thorough review. Learn about the proposal's implications for crypto ETF.
SEC Postpones Bitwise 10 Crypto Index ETF Decision
The U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on…
KeyTakeaways:
US banks could begin offering tokenized assets and crypto custody services by 2025.
The repeal of SAB 121 is expected to unlock new opportunities for crypto adoption.
Major financial institutions offering crypto custody could lead to increased liquidity and stability.
Ripple President Monica Long is optimistic that major US banks will launch tokenized asset…
JPMorgan predicts Solana and XRP ETFs could attract up to $15 billion, fueling market optimism for these digital assets.
Key Takeaways:
Osprey Funds plans to convert its Bitcoin Trust (OBTC) into a spot Bitcoin ETF, filing a Form S-1 with the SEC.
The decision follows terminated acquisition talks with Bitwise Asset Management due to regulatory challenges.
OBTC, managing $181M, aims to join a growing Bitcoin ETF market contingent on SEC approval.
Osprey Funds, an…
Ethereum ETFs recorded an abysmal day of trading pulling in only $1.2 million and recording a transaction in just one of its ETF products.
Investor activity has been dipping in both Ethereum and Bitcoin ETFs. The exchange-traded funds have witnessed minimal activity in recent weeks.
The peak in activity was recorded yesterday on Ethereum ETFs…
Blackrock’s IBIT lost $219 million to outflows yesterday as investor activity continues to wane in Bitcoin and Ethereum ETFs.
Blackrock’s IBIT recorded the heaviest outflow for the day leaving the Bitcoin ETFs with a deficit of $209 million.
Five out of the 11 Bitcoin ETFs recorded transactions with the rest stuck in null.
The trading…