President Joe Biden recently made headlines by vetoing H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. In his statement, Biden defended SAB 121 as a representation of the SEC staff’s technical expertise, emphasizing the importance of the rule in protecting consumers and investors. Biden also highlighted a political divide
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, contesting the SEC’s refusal of its rulemaking petition. The crux of the issue lies in a singular sentence in the SEC’s order that “disagreed” with Coinbase’s claim that current SEC regulations are impractical for digital asset companies. Coinbase asserts
Speculation is swirling around the launch date of US spot Ethereum ETFs, with Bloomberg ETF analyst Eric Balchunas suggesting that a launch by the end of June is a “legit possibility.” While a mid-June launch may be a “long shot,” Balchunas anticipates that the latest date for the launch could be July 4. These expectations
The U.S. District Court for the District of Utah recently made headlines by dismissing the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating under the name Debt Box. This decision was accompanied by an order for the SEC to pay approximately $1.8 million in attorney and receivership fees. In response to the court’s
Crypto analyst Nick from the Cheeky Crypto YouTube channel has made an extremely bullish prediction for Cardano (ADA). According to him, Cardano could potentially reach a price of $38 in the future, although he acknowledged that this may not happen in the near term. One of the key factors driving this prediction is Cardano’s technological
A recent announcement has brought together two leading entities in the cryptocurrency and blockchain technology space – OKX and Immutable. The strategic partnership aims to capitalize on the capabilities of Immutable’s zkEVM solution, which is a cutting-edge technology built on top of Ethereum’s Virtual Machine (EVM). By combining the security and reliability of Ethereum with
In the current cryptocurrency market, there has been a surge in meme coin launches, many of which have raised concerns due to their questionable ties. Lookonchain’s data has shed light on the risks associated with trading meme coins, especially those backed by celebrities. A recent example is American celebrity Caitlyn Jenner’s JENNER token, which was
In a groundbreaking move, SEC commissioner Hester Peirce put forth a visionary proposal on May 29 for a shared digital securities sandbox between the US and the UK. This innovative idea aims to extend the existing joint digital securities sandbox (DSS) of the Bank of England and FCA to include US firms. The implications of
A crypto strategist, known as Xanrox, gained attention for accurately predicting the current downtrend in Bitcoin’s price. This has led to speculations about where the price of Bitcoin may be heading in the near future. Xanrox’s analysis, shared on the TradingView website, pointed towards indicators that suggest a potential crash in the crypto market. One
Recently, blockchain analysis firm Nansen has identified DBS Bank, one of Singapore’s largest banking institutions, as a significant player in the cryptocurrency market. According to Nansen’s analysis, a crypto wallet owned by DBS Bank contains 173,753 Ether (ETH), with a current market value of approximately $650 million. This revelation has brought attention to the bank’s
In the ever-expanding realm of digital assets, SEI NFTs have emerged as a game-changer for artists, gamers, and collectors alike. Powered by its open-source Layer 1 blockchain, the Sei Network is making significant strides in the NFT space by focusing on low transaction fees, robust security, and fast transactions. The allure of SEI NFTs lies
The cryptocurrency world has been witnessing a surge in activity from Ethereum whales, the Goliaths of the market. Recent on-chain data has revealed significant movements from large investors, potentially influenced by the recent approval of spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). This increased engagement from whales adds an
The web3 gaming ecosystem, XPLA, has recently made waves in the industry with the launch of its own layer 2 chain, XPLA Verse, in collaboration with Com2uS Group. This marks a significant milestone in the world of blockchain gaming, as it brings popular games such as “Summoners War: Chronicle” and “The Walking Dead: All-Stars” into
Solana meme coin prices are currently on the rise, with notable coins like dogwifhat (WIF) experiencing a significant uptick of 27% since the beginning of the week. Another coin called Sealana (SEAL) has also gained momentum, raising over $3 million in funding. WIF has reached $4.0 and is projected to retest its 20224 highs around