Author: CryptooTimes
The SEC is evading the real issue, and the court was wrong to take its side, Coinbase claims in a defense of its interlocutory appeal. Source link
“I think there is question whether staking, particularly liquid staking, turns ETH into a security,” Silagadze said. “I think how it is going to start is you will have ETH ETFs that are either contracted out or run their own infrastructure, those nodes will be compliant and censored and all of that stuff, but it’ll have a nice baked-in yield. Restaking is much more complex, so I think it’ll get there; it’ll just be a matter of time.” Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Several game-changing crypto announcements have been made over the last week. Firstly, the U.S. SEC hinted at the potential release of an Ethereum ETF, which has triggered a massive Ethereum (ETH) rally. Meanwhile, Tesla launched Dogecoin (DOGE) payments on its website, suggesting that Elon remains bullish about the meme coin. At the same time, Rollblock’s revenue share initiative has caught global attention, and experts are soaring to its presale to capitalize. Investors prepare for an Ethereum ETF The U.S.…
Despite having fathered at least 10 children, Musk also seems to think humans will struggle to find meaning in their lives without employment. Source link
Into this fray steps Shapiro’s incredibly niche MetaLeX. In an interview with CoinDesk, he described it as a “business-to-business, crypto software as a services” company that’s designing standardized, smart contract-based processes for so-called decentralized autonomous organizations, or DAOs, to properly run themselves on-chain. Source link
While the approval of spot Ethereum ETFs by the SEC may provide some clarity on Ether’s non-security status, experts believe it could bring out unwated ramifications for the ecosystem. After months of deliberation and delayed decisions, the U.S. Securities and Exchange Commission (SEC) has accepted spot Ether (ETH) ETFs. However, this approval is currently limited to the 19b-4 filings, with actual trading authorzation potentially taking months as issuers’ S-1 applications are still under review. Bloomberg’s James Seyffart noted that actual trading authorization could extend over several months. Going to add here. Typically this process takes months. Like up to 5…
Since his arrest in March 2023, Do Kwon has been in Montenegro. He could be extradited to either his native South Korea or the United States to face fraud charges. Source link
The request would have to be accepted by the courts, including Judge Katherine Polk Failla, of the U.S. District Court for the Southern District of New York, who rejected Coinbase’s request to dismiss the SEC’s original case, which accused the exchange of operating illegally. Resolving this central legal question could help steer a number of other SEC enforcement clashes with the industry. Source link
The well-known crypto exchange OKX announced its decision to withdraw its Virtual Asset Service Provider (VASP) license application from Hong Kong. In a notice posted on OKX’s blog, the exchange cited careful consideration of its business strategy as the inspiration for the decision, though it did no provide specific details. As a result, OKX will halt its centralized crypto exchange services for Hong Kong residents by May 31, in compliance with local regulatory requirements. The exchange reassured users that their funds remain safe. However, it noted that deposits made after May 31 may not be automatically credited, and open orders…
On the latest episode of Hashing It Out, Avail’s co-founder explains the need to unify multiple networks in the Web3 space, not just ideologically but through innovation. Source link
