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 […]
TL;DR Ripple’s lawsuit with the SEC remains ongoing, with speculation that the company might be waiting for Paul Atkins to take over as Chairman of the agency to potentially drop or reduce the $125 million penalty. Prior to the SEC’s appeal, the firm was ready to pay the fine. Is Ripple Waiting for This? The […]
After more than two years under regulatory scrutiny, Yuga Labs announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without taking enforcement action. While the agency has not disclosed the specific reasoning behind its decision, the move aligns with a broader shift in the SEC’s approach to […]
The US Securities and Exchange Commission (SEC) has officially closed its investigation into Uniswap Labs without taking any enforcement action. The decision to drop the investigation solidifies a shift in the SEC’s approach under its current leadership, which has been reassessing enforcement actions across the crypto industry. SEC Ends Uniswap Probe During Gary Gensler’s tenure […]
The cryptocurrency unit of the American financial services company Robinhood is now in the clear as the Securities and Exchange Commission (SEC) has closed its investigation into the business. According to a blog post by Robinhood, the SEC revealed in a letter dated February 21 that it had wrapped up its investigation into the firm’s […]
The U.S. Securities and Exchange Commission (SEC) has willingly withdrawn its appeal of a ruling that blocked its attempt to expand securities laws to cover decentralized finance (DeFi). This development means the DeFi space might no longer be subjected to securities laws. A Complete Victory for DeFi In a February 19 motion filed with the […]
The SEC is scaling back its special unit of more than 50 lawyers and staff members that were responsible for bringing crypto enforcement actions, according to a Feb. 4 New York Times report citing people with knowledge of the matter. Some of the lawyers in the crypto enforcement unit are being assigned to other departments […]
The Thailand Securities and Exchange Commission (SEC) is preparing to implement a DLT-based debt instrument trading system. The main objective is to encourage securities firms to engage in digital token trading. According to Jomkwan Kongsakul, who happens to be the deputy secretary-general of the SEC, the regulator has already approved four digital token projects and […]