Five Democratic senators, led by Elizabeth Warren, have raised concerns about potential conflicts of interest in President Donald Trump’s involvement with World Liberty Financial (WLFI) and its new stablecoin, USD1. In a letter dated March 28, the senators pressed U.S. regulators on how they plan to oversee WLFI and ensure
As we enter another weekend of bearish prices, investors contemplate buying the dip or selling for a loss. Bitcoin has dipped to the $83K level, just two days after testing $88,000. This has caused the overall market also to descend downwards with significant drops seen in leading altcoins. Meanwhile, Ethereum
South Carolina has dismissed its lawsuit against Coinbase over its staking services, following Vermont’s lead. The lawsuit accused Coinbase of offering unregistered securities. The state’s decision marks a significant shift in regulatory actions against crypto staking in the U.S. On March 27, Coinbase and the South Carolina Attorney General’s securities
Toncoin (TON) has been pushing higher, showing strength even as the broader crypto market struggles. It’s now trading at $4.00, up 5.38% in the last 24 hours, with buyers stepping in and fundamentals looking solid. Will Toncoin break past $4.67 and keep climbing, or is a pullback coming? TON’s Indicators
HashKey Group and Bosera Asset Management have announced the launch of the world’s first tokenized money market exchange-traded funds (ETFs). These products, the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF await unveiling in April 2025. Both ETFs have been approved by the Hong Kong Securities
Terraform Labs is finally giving creditors a way to recover their lost funds from the TerraUSD (UST) collapse. The company will be launching Crypto Loss Claims Portal, to administer the funds recovery process. The announcement came from a recent post in the TerraFormofficial X handle. The crypto Loss Claims portal
The crypto market has seen increased price dips over the last 24 hours. The prolonging price consolidation is causing frustration, despite other sector advancements. Contrary to last year, the regulatory sector is gaining surging clarity and transparency in the past few weeks. Meanwhile, cryptocurrency scams remain unfettered as reports suggest.
CoreWeave, an artificial intelligence cloud infrastructure company, has successfully completed its initial public offering (IPO). The IPO was initiated with a scaled-down approach, raising $1.5 billion at a $23 billion valuation. The company released 37.5 million shares with each share valued at $40. The company first projected its shares would
The integration of crypto into traditional finance has already started and is growing every year. With the establishment of clear regulations across countries, more organizations are exploring ways to collaborate with the crypto industry. French bank Bpifrance recently announced its plans to launch a crypto fund to support early-stage projects.
The U.S. Securities and Exchange Commission has officially dismissed enforcement actions against Kraken, ConsenSys, and Cumberland DRW LLC. On March 27, the agency filed joint ASA stipulations for dismissal with prejudice regarding the cases. This means that the case cannot be refilled, which indicates a major regulatory shift. The SEC
