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SEC Postpones Decision on Approval for Grayscale’s Spot Ethereum ETF
The United States Securities and Exchange Commission (SEC) has delayed issuing a decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF) by an additional 35 days. Suspense... -
Binance’s Former CEO Plans to Commit Entire $4.5B Stake for January Exit from the US
Former Binance CEO Changpeng Zhao (CZ) made an unsuccessful attempt to pledge his $4.5 billion stake in Binance.US as collateral to secure temporary travel permission to the United Arab Emirates (UAE). Equity Stake as Security Collateral for Return A court... -
California Court Orders Crowd Machine and Metavine to Pay Over $20M in CMCT Case
A California court has ruled that Crowd Machine and Metavine, creators of Crowd Machine Compute Tokens (CMCT), must pay over $20 million in disgorgement, interest, and penalties. This judgment, arising from a case initiated over two years ago, also holds... -
Chinese Stocks Rebound Amid Hopes of Market Rescue Plan
US-listed Chinese stocks are trading higher in US price action today following a 2.6% gain in the Hang Seng index amid hopes of a market rescue plan by the government. Despite the gains today, Chinese stocks remain in the negative... -
FTX Trading Arm Alameda Research Withdraws Lawsuit Against Grayscale Investments
Bankrupt crypto exchange FTX's affiliate Alameda Research has withdrawn its legal action against Grayscale Investments following the conversion of its primary trust product into an exchange-traded fund (ETF). Alameda Filing Was Entirely Without Merit In a court filing dated January... -
Gemini Secures French Registration, Expands in EU and 70 Global Markets
The cryptocurrency exchange Gemini has officially become a registered digital asset service provider in France. This move comes after the company established its European headquarters in Ireland in 2022. Gemini is now actively operating in over a dozen European Union... -
Virginia State Senator Advocates Bill Safeguarding Digital Asset Mining and Validation
Virginia State Senator Saddam Azlan Salim has proposed legislation to establish a robust regulatory framework governing digital assets mining and transactions. Senate Bill No. 339 Addresses Mining, Securities, and Tax On January 9, Senator Salim proposed Senate Bill No. 339... -
U.S. Stock Indices Drop with Rise in Treasury Yields, Impacting Gold and Bitcoin Values
On Wednesday, the prices of major U.S. stocks like Dow Jones, Nasdaq, and S&P 500 dropped. This happened because the interest rates on 10-year Treasury bonds increased to 4.102%. When interest rates go up, it affects different investments, making investors... -
South Korea’s Presidential Office Calls for Reevaluation of FSC’s Position on Spot Bitcoin ETFs
The Presidential Office of South Korea has urged the Financial Services Commission (FSC) to reconsider the possibility of approving a spot bitcoin exchange-traded fund (ETF). Foreign Offerings to be Applicable in Domestic Markets According to a January 18 local report... -
Apple to Remove Blood Oxygen Feature from Watch to Evade Ban
Apple would remove the blood oxygen feature from its latest watch as it seeks to evade the ban over a patent infringement issue raised by medical devices company Masimo. Masimo alleges that Apple poached several of its top executives and...
