The Securities and Exchange Commission of the US has barred DeFi Development Corp’s $1 billion registration filing. The firm wanted to use the capital to invest in the Solana blockchain. The regulatory body found that the filing was not eligible because a necessary internal controls report in the Form 10-K
Ethereum’s derivatives market surged past Bitcoin’s in the last 24 hours, with a trading volume exceeding $107 billion, according to Coinglass data. This 25% daily increase in activity reflects renewed institutional interest, fueled by spot Ethereum exchange-traded funds (ETFs) and a revival in decentralized finance (DeFi). In comparison, Bitcoin derivatives
Bullish, which is funded by billionaire investor Peter Thiel, has filed for an initial public offering (IPO) in the United States confidentially. The exchange is proceeding to take advantage of revived interest in digital assets in the wake of a broader comeback in the crypto market, as reported by a
Representative Wiley Nickel, a Democrat from North Carolina, sent the request straight to US SEC Chair Paul Atkins, calling out the requirement for real transparency. With the agency’s mixed messages and recent legal battles stirring even more confusion in the crypto world, Nickel wants answers on how the SEC came
The Securities and Exchange Commission is creating a new method to encourage cryptocurrency growth and still keep an eye on the fast-changing digital asset industry. Paul Atkins, the chair, announced that an “innovation exemption” framework could change how crypto companies function in the United States. Temporary Relief to Drive Market
Cryptocurrency exchange Gemini has announced its intent to go public, submitting a confidential draft registration with the U.S. Securities and Exchange Commission (SEC) to begin the process for an initial public offering (IPO). The announcement, made on June 6, signals a major strategic move for the crypto firm co-founded by
Citadel Securities, the Nasdaq-listed market-maker, is preparing to double down on cryptocurrency trading in 2025, driven by new regulatory clarity from the U.S. Securities and Exchange Commission (SEC). President Jim Esposito outlined the push during a June 4 conference call, stating that “crypto has passed the point of no return,” and
Tigran Gambaryan, Binance’s head of financial crime compliance, is exiting the company after a prolonged legal ordeal in Nigeria. According to a report by Bloomberg, his departure comes nearly eight months after his detention by Nigerian authorities on allegations of money laundering and currency manipulation. Gambaryan confirmed that Friday marks
The U.S. Securities and Exchange Commission (SEC) has now delayed its decision on the application filed by Canary Capital for a spot exchange-traded fund (ETF), which is to be built on the Sui blockchain’s native token. The withdrawal is not unexpected but does emphasize its continued caution in approving direct
Nasdaq-listed Webus International has filed1322 a Form 6-K with the U.S. Securities and Exchange Commission (SEC), detailing its intent to raise $300 million for an XRP-focused corporate treasury. The Chinese firm, known for its automotive and hospitality ventures, aims to leverage Ripple’s payment infrastructure while adopting XRP as a core
