News from The Block
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Gemini slams CFTC’s ‘toxic’ culture, fraudulent whistleblower evidence in new complaint
Gemini's recent fine settlement with the CFTC highlights ongoing regulatory challenges that may impact the exchange’s financial operations and raise concerns about the agency’s enf...
Read Full Article →SEC officially scraps Gary Gensler-era DeFi exchange, custody rule proposals
The removal of these regulatory proposals may impact the development and operation of decentralized finance platforms by altering compliance requirements and influencing investor p...
Read Full Article →FTX estate adds Payoneer as third distributor alongside Kraken and BitGo
The inclusion of Payoneer as an additional distributor expands the channels through which FTX’s estate can efficiently allocate more than $5 billion to its former clients following...
Read Full Article →Tether expands footprint in Africa with investment in small startup
Tether's recent investment in a small African startup highlights its strategic effort to enhance its presence and influence within the rapidly growing cryptocurrency market across...
Read Full Article →Ethereum DeFi protocol Euler to launch EulerSwap DEX with lending-boosted yield
Euler’s introduction of EulerSwap, a decentralized exchange combining automated market-making and lending features, aims to enhance liquidity options and potentially increase retur...
Read Full Article →Coinbase sued in class action over stock price drop tied to data breach reveal, alleging disclosure...
The lawsuit claims that Coinbase's delayed notification of a December data breach contributed to a decline in its stock value, raising concerns about the company's transparency and...
Read Full Article →Axiom exchange hits $100 million in revenue just four months after launch
The rapid achievement of $100 million in revenue shortly after its launch highlights the exchange’s strong market demand and effective business strategy within a highly competitive...
Read Full Article →Binance asks court to toss FTX’s $1.76 billion clawback lawsuit
Binance is challenging a legal attempt by FTX to reclaim approximately $1.76 billion, arguing that the claim lacks sufficient legal basis and unfairly implicates its involvement in...
Read Full Article →COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index
The addition of Coinbase to the S&P 500 may increase investor confidence and potentially attract more institutional capital to the cryptocurrency market.
Read Full Article →German authorities seize $38 million worth of crypto from eXch exchange
German officials confiscated cryptocurrency assets valued at $38 million from eXch exchange, highlighting regulatory challenges linked to its promotion of minimal compliance with f...
Read Full Article →G7 leaders weigh discussing North Korean crypto hacks in June summit: Bloomberg
The G7 summit may address concerns over North Korea's involvement in major cryptocurrency thefts, which have substantial implications for global financial security and regulatory m...
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