Part of the funds would hire staff across SEC divisions, with one job dedicated to crypto and another to help with the increased lawsuits the agency faces.
Jesse Coghlan
Jesse Coghlan is an Australian journalist and deputy editor on Cointelegraph’s Asia-Pacific newsdesk reporting on litigation, policy, and exploits. He previously co-hosted and produced a twice-weekly crypto news podcast and as a freelance reporter covered global social unrest, crime, and alternative culture.
SEC requests extra $158M from federal budget to police crypto’s ‘Wild West’ Here’s what happened in crypto today Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
New York jury convicts two promoters of IcomTech crypto ‘Ponzi’ David Brend and Gustavo Rodriguez were convicted of wire fraud conspiracy for helping promote and run the now-collpased fake crypto mining and trading scheme.
Bitcoin to enter pre-halving ’danger zone,’ but crypto CEOs remain bullish Bitcoin has historically dipped in the weeks before the halving and might repeat such a move within the next week.
BlackRock’s Bitcoin ETF sets daily volume record as BTC recoups slump Nearly 100 million shares of BlackRock’s Bitcoin funds were traded on Thursday, setting a new daily volume record.
SEC suit against Gemini, Genesis lives on as court finds claims plausible Federal Judge Edgardo Ramos found the SEC’s suit “plausibly alleges” that Gemini Earn was a securities offering, allowing the case to continue in court.
Australian crypto firm Finder’s Earn product was compliant, court finds The court dismissed the corporate regulator’s legal action, saying Finder Earn wasn’t a debt security and didn’t require a financial license.
Crypto custody firm Bakkt faces delisting if shares stay under $1 Bakkt has posted back-to-back losses and a plummeting share price since listing in October 2021 and the NYSE is threatening to pull it.
Nifty News: Starknet’s new gaming body gets $125M, NFTs fall as ETH rises, and more The Starknet Gaming Committee will look to bankroll game devs as the blockchain’s activity keeps sliding and NFT floor prices drop even as ETH rises.
SEC’s reason for refusing crypto rulemaking ‘does not cut it,’ says Coinbase Coinbase delivered an opening brief in a United States appeals court, arguing that the SEC should be forced to “engage in rulemaking.”
Weekend Wrap: Sony’s ‘super-fungible token,’ $250K for Vegas Sphere wifhat and more A Sony patent proposes video game assets tracked with a “super-fungible token,” and dogwifhat punters are close to buying an ad on the Las Vegas Sphere.
SEC pushes back decision to open up options trading on spot Bitcoin ETFs The SEC will again decide on whether to greenlight derivatives trading on spot Bitcoin ETFs on April 24.
Fed’s Powell allays digital dollar anxiety as nations ramp up CBDC efforts Federal Reserve Chair Jerome Powell says the U.S. is a “long way” from launching one, and even if it did, it wouldn’t spy on users.
Binance.US says it’s ‘radioactive’ to banks, SEC dealt ‘near-mortal blow’ A deposition from Binance.US’ chief operating officer claims the SEC’s suit last year caused banks to pull support from the exchange, “effectively choking the business.”
CFTC chair warns of conflict with SEC over Prometheum’s ETH play SEC-registered broker Prometheum could force the agency to decide if Ether is a security and CFTC chair Rostin Behnam says that could lead to conflicting rules.
Restaking protocol EigenLayer flips Aave with $10.4B total value locked EigenLayer is now the second-largest DeFi protocol behind Lido after taking Aave’s spot.
Coinbase shares climb after-hours as exchange fixes site jitters Coinbase has continued to stamp out bugs that have been drawing the ire of users over the last week while the exchange’s share prices keep climbing.
Fantom seeks Multichain liquidation in attempt to recover $122M from exploit Fantom plans to petition a Singapore court to wind up the Multichain Foundation to recover millions it lost due to the Multichain exploit last year.
Tether’s USDT stablecoin hits historic $100B market cap The largest stablecoin by market capitalization has gotten even larger, with Tether hitting a record $100 billion market cap.
Bitcoin NFTs make comeback in weekly sales, flipping Ethereum Bitcoin NFTs posted a year-to-date record daily sales volume over the weekend and even beat out Ethereum for the week.
4 tips that’ll keep your crypto safe from hackers this bull market From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep crypto from falling into the wrong hands.
Bitcoin sees 3% correction as GBTC investors dump nearly $600M The price of Bitcoin stumbled amid a big day of Grayscale’s ETF outflows. JPMorgan analysts think more price corrections are coming post-halving.
Blast launches Ethereum L2 mainnet unlocking $2.3B in staked crypto The around 180,000 Blast users have initially withdrawn $400 million from the network after its mainnet launch unlocked billions of staked crypto for the first time.
Shido token plummets 94% as exploiter drains Ethereum staking contract An attacker was able to get control of the Shido blockchain’s Ethereum staking contract and transfer out billions of Shido tokens, according to PeckShield.
Spot Bitcoin ETF volumes shatter record with massive $7.7B traded Trading volumes for the ten new U.S. Bitcoin ETFs have set a new record, more than doubling their previous high from days ago.
GBTC hits lowest-ever $22M outflow, raising hopes for end to Bitcoin bleed Grayscale’s ETF bleeding has slowed again, while other funds have seen another strong day of inflows, lifting them to a fortnightly high.
ENS to end eth.link domain suit after DAO greenlights $300K settlement ENS Labs has been given approval from its DAO to settle and dismiss a legal fight over the ownership of the eth.link domain.
Crypto exchange user goes AWOL after being sent $650K by mistake: Report OTCPro user Kow Seng Chai reportedly hasn’t responded to emails, calls or appeared in court since the exchange mistakenly sent him hundreds of thousands of dollars.
FTX to add over $1B to cash stack after court approves Anthropic sale Anthropic’s latest reported valuation is $15 billion, raising the value of FTX’s nearly 8% stake to over $1 billion that could be used to repay creditors.
Kraken files to dismiss SEC suit — ‘Dangerous precedent’ for overreach The SEC’s suit against Kraken has “has no limiting principle” and gives the agency too wide of an authority, the crypto exchange argues.