Key Takeaways An unidentified wallet address has been rapidly accumulating a substantial amount of Wrapped Bitcoin (WBTC) amidst ongoing controversy over the token’s custody. On August 19, blockchain analytics service Lookonchain reported that this unknown whale address had acquired 347…
Key Takeaways A New York District Judge has denied the U.S. Securities and Exchange Commission’s (SEC) request to hold a pre-trial conference or submit additional responses in its ongoing securities fraud lawsuit against Tron founder Justin Sun and the Tron…
Key Takeaways Several U.S. federal agencies are working on updating the definition of “money” to enhance reporting obligations for financial institutions engaged in cryptocurrency transactions. This initiative aims to align the regulatory standards for digital assets with those governing traditional…
Key Takeaways Leading Asset Manager Franklin Templeton has submitted an S-1 registration form for a new exchange-traded fund (ETF) called the “Franklin Crypto Index ETF”, to the Securitiies and Exchange Commission. The ETF is designed to track the performance of…
Key Takeaways In a significant development for the United Arab Emirates’ legal approach to cryptocurrency, the Dubai Court of First Instance has issued a ruling, recognizing the payment of salaries in crypto as valid under employment contracts. This ruling, from…
Key Takeaways Crypto exchange Binance has agreed to pay $1.76 million to Brazilian regulators to settle allegations of unlicensed derivatives trading in the country. This settlement with the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, concludes a year-long investigation…
Key Takeaways Leading Bitcoin Miner Marathon Digital has purchased $249 million worth of Bitcoin after successfully raising $300 million through a senior note offering. On August 14, the company announced the acquisition of around 4,144 Bitcoin at an average price…
Key Takeaways A wallet that received $2.19 billion in Bitcoin from the defunct crypto exchange Mt. Gox has initiated a test transaction at 10:57 UTC. As per blockchain intelligence firm Arkham, the wallet, identified as bc1q26, is suspected to be…
Key Takeaways Liquidators of the failed cryptocurrency hedge fund Three Arrows Capital (3AC) have filed a $1.3 billion claim against Terraform Labs. This lawsuit is part of 3AC’s ongoing efforts to recover losses following the dramatic collapse of the Terra…
Key Takeaways Euler Finance has unveiled the results of its comprehensive security audit process for the upcoming relaunch of its decentralized lending protocol, Euler v2. The project, which is set to launch in the second quarter of 2024, has undergone…
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