- Ripple vs SEC case: SEC requested that Judge Analisa Torres approve the almost $2B penalties in a proposed final judgment. In the SEC’s proposed final ruling, direct sales to institutional investors are in question.
- US Department of Justice filed charges against two of KuCoin’s founders and the cryptocurrency exchange, claiming they broke anti-money laundering regulations.
- With Near Protocol, users will be able to sign transactions from a single wallet on third-party chains. Users will reportedly be able to access any blockchain network with only one account thanks to the new network.
- In one of the largest exploits of the year, Munchables, a web3 gaming company built on the Ethereum Layer 2 Blast, lost $62.5 million. Crypto expert ZachXBT discovered that around 17,411 ETH were contained in the exploiter’s wallet address.
- In a strategic financing round headed by Spartan Capital, ALEX raised $10 million. With the use of Layer 2s, bridges, oracles, and other infrastructure, ALEX builds a decentralized finance layer tailored to Bitcoin.
- Paxos is a Hashnote partner for USYC token integration and PayPal stablecoin. The collaboration between Hashnote and Paxos will enable immediate exchanges between PayPal’s stablecoin and the yield-bearing USYC token through a “two-way atomic settlement process.”
- In partnership with the liquid staking platform Lido, BadgerDAO has introduced eBTC, a synthetic bitcoin asset backed by ether. With the token, users can borrow synthetic bitcoin and get compensated for it without having to pay any fees upfront or interest.
- After two investment rounds totaling $13 million, MyPrize has come out of stealth. The pre-launch worth of the cryptocurrency online casino has topped $140 million.
- House Republicans urged SEC Chair Gary Gensler to provide more details on the agency’s position on Ether. Prometheum aims to provide custody of ether, which is causing a regulatory uproar. Lawmakers worry that designating ether as security might cause market disruptions.
- Portuguese National Data Protection Commission (CNPD) took firm action by temporarily outlawing Worldcoin in order to protect personal data, especially that of children.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
