SEC issues temporary guidance allowing some dollar-stablecoins to be treated as “cash equivalents” for reporting, easing procedures while full regulations are developed. (via Bloomberg) #stablecoins #SEC #crypto #blockchain #news
White House preparing an executive order to penalize banks for “deplatforming” customers based on political views, per WSJ. Focus on alleged discrimination against conservatives & crypto firms. Regulators will investigate potential violations of antitrust & consumer protection laws. #crypto #blockchain #news
Bonk team members have burned 300 billion BONK tokens, equivalent to approximately $8 million USD at the time of the transaction, generated through fees from the LetsBONK fun protocol. #crypto #blockchain #news
Big news for crypto! The CFTC is moving to allow trading of spot crypto contracts on major exchanges. This follows recommendations to regulate digital assets & clarifies rules for leveraged trading. First step towards more mainstream crypto adoption! #crypto #CFTC #regulation #blockchain #news
Phantom acquires Solsniper, the fast Solana trading platform! 🚀 Integrates @0xmaz’s team & expands trading features. Phantom plans more acquisitions to build a full crypto finance platform. #Solana #DeFi #Phantom #crypto #blockchain #news
Figure Technology Solutions, a “blockchain-native capital market” & largest non-bank home equity financing provider, has filed for an IPO! Backed by SoFi co-founder Mike Cagney, Figure previously raised $120M. (The Block) #IPO #blockchain #fintech #crypto #news
Coinbase has added Mamo (MAMO) to its listing roadmap. Mamo is an AI agent designed for the wealth management sector, focused on monitoring and growing users’ investment portfolios. #crypto #blockchain #news
Upstate Shredding/Weitsman Recycling CEO Adam Weitsman bought 5,000+ Otherside assets (Otherdeeds, Kodas) directly from Yuga Labs as part of a long-term investment. He plans further acquisitions. #crypto #blockchain #news
Barry Silbert is back as Chairman of Grayscale Investments, replacing Mark Shifke, as the firm prepares for an IPO after filing a confidential prospectus. Silbert stepped down in late 2023 during SEC review of GBTC & DCG legal challenges. (TheBlock) #crypto #blockchain #news #BTC #Bitcoin
Onchain Lens data shows Sharplink Gaming has added 18,680 ETH (approximately $66.63 million USD) to its strategic reserve address (0xCd9e09…F5F75) today. The address now holds approximately 498,884 ETH, valued at roughly $1.8 billion USD at current prices. #crypto #blockchain #news