Key Takeaways 21Shares, a Switzerland-based asset management firm, has submitted a fresh application to U.S. regulators for an exchange-traded fund (ETF) centered on SUI, the native token powering the Sui blockchain. The proposal, filed via a Form S-1 with the…
Key Takeaways North Carolina is one step closer to becoming one of the few U.S. states to allow public funds to be invested in crypto. On April 30, the state’s House of Representatives approved House Bill 92, paving the way…
Key Takeaways A U.S. district court has ruled that the Office of Foreign Assets Control (OFAC) cannot reimpose sanctions on the crypto mixing service, Tornado Cash. The decision, issued by Judge Robert Pitman in the Western District of Texas, permanently…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has ended its investigation into PayPal’s U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), without taking enforcement action. According to a regulatory filing submitted by PayPal on April 29, the company was informed…
Key Takeaways FTX Trading and the FTX Recovery Trust has launched legal action against two token issuers—NFT Stars Limited and Kurosemi Inc.—accusing them of failing to deliver millions of digital tokens promised in earlier agreements. According to court filings and public…
Key Takeaways Australia’s financial intelligence agency, AUSTRAC, has initiated a regulatory push targeting digital currency exchanges (DCEs) it believes are no longer operational. In an official statement, the agency called on inactive digital currency exchanges to voluntarily cancel their registrations…
Key Takeaways As part of its global expansion efforts, stablecoin issuer Circle has received preliminary regulatory clearance from the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). The in-principle approval (IPA) paves the way for Circle…
Key Takeaways Three of Abu Dhabi’s financial powerhouses are preparing to launch a new digital currency pegged to the UAE dirham. The stablecoin project is being developed by ADQ, the Emirate’s sovereign wealth fund; First Abu Dhabi Bank (FAB), the…
Key Takeaways A cross-border investigation has found that the founders of Bankera, a Lithuania-based crypto company, redirected tens of millions of euros raised from their 2017–2018 BNK token sale into personal real estate investments. Documents reviewed by the Organized Crime and…
Key Takeaways Loopscale has recovered the majority of the $5.8 million in crypto stolen during a security breach on April 26, following a negotiated agreement with the hacker. Under the terms of the deal, the individual responsible for the exploit…
