On May 29, the SEC’s Division of Corporation Finance provided its views on staking on networks that use proof-of-stake as a consensus mechanism. The Division concluded that protocol staking activities do not constitute securities offerings under federal securities laws and no registration is required. “Accordingly, it is the Division’s view that participants in Protocol Staking […]
The US Securities and Exchange Commission (SEC) has filed charges against New York-based crypto exchange Unicoin, along with several top executives, alleging a scheme to defraud investors through misleading claims tied to the sale of rights certificates and company stock. The SEC has accused Unicoin of falsely claiming to have raised over $3 billion through […]
TL;DR Just as the XRP Army celebrated the official ending of the legal case against the SEC, Judge Analisa Torres has denied the joint motion for an indicative ruling on their settlement. XRP’s price reacted with an immediate price drop, but Ripple’s CLO said the company has nothing to worry about. Judge Torres Rejects The […]
The US Securities and Exchange Commission (SEC) charged Ramil Palafox, the founder of the crypto company PGI Global, with orchestrating a massive $198 million Ponzi scheme that misled investors worldwide. Palafox is accused of defrauding investors by promoting PGI Global as a legitimate crypto asset and foreign exchange trading business from January 2020 through October […]
On April 14, the Securities and Exchange Commission delayed its decision on staking for the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF. In February, the New York Stock Exchange filed a proposed rule change on behalf of Grayscale that would permit staking for the products. However, the regulator is not ready […]
In 2025, Binance firmly established itself as the leader in spot trading volume across cryptocurrency exchanges. After analyzing cumulative data from the start of the year, CryptoQuant found that the platform has maintained a commanding lead with a whopping $1.9 trillion in spot trading volume. 2025 Sees Binance’s Spot Trading Volume Soar According to CryptoQuant’s […]
In a last-minute move before Republicans took control of the US Securities and Exchange Commission (SEC) in January, the agency’s commissioners held a decisive vote on whether to sue Tesla CEO Elon Musk over his delayed disclosure of stock purchases in Twitter, now X. The investigation, which had been ongoing since 2022, focused on Musk’s […]
In the fourth quarter of 2024, the total NFT sales volume across Immutable X and Immutable zkEVM increased by 55.3% quarter-over-quarter. Messari’s latest analysis revealed that the figure rose from $51.2 million to $79.5 million. Market Participation Plummets Despite this growth, both the average daily sellers and buyers declined significantly, with daily sellers dropping 43.0% […]
Ripple CEO Brad Garlinghouse expects the native token to be included in the White House’s proposed digital asset reserves and anticipates an XRP exchange-traded fund (ETF) to debut before 2025 ends. His comments, made in a Bloomberg Markets interview, followed news that the U.S. Securities and Exchange Commission (SEC) has abandoned its appeal in its […]
TL;DR Ripple whales have been on an accumulation spree in recent weeks, and the question remains whether they are building positions for a future rally. Such a run could be propelled by a potential conclusion of the years-long lawsuit between the company and the US Securities and Exchange Commission. Ever since Trump won the US […]