A U.S. judge has determined Coinbase’s self-custody crypto wallet doesn’t make it a broker, which lawyers say is a “significant setback” for the SEC and a boon for DeFi.
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.
Coinbase Wallet triumph over SEC allegations is a ‘giant win’ for DeFi Optimism sets aside $3B for grants to its blockchain builders The layer-2 scaler earmarked a total of 850 million Optimism tokens worth $3.3 billion for funding its public goods and announced another three funding rounds.
2 theories why GBTC sticks to high fees despite bleeding billions Grayscale’s Bitcoin ETF has bled over $14 billion and it hasn’t lowered its industry-high fees, but ex-Wall Street analyst Jim Bianco gave two reasons why.
Weekend Wrap: Iceland wants corn, not Bitcoin, Polygon zkEVM back online and more Iceland’s prime minister reportedly wants to reallocate renewable energy away from crypto miners, a venture capital firm is raising $100 million for crypto startups, and more.
Judge greenlights class suit alleging Silvergate Bank aided FTX fraud A federal judge struck down Silvergate’s dismissal bid of a lawsuit claiming it aided fraud at FTX, saying the allegations were adequate to proceed.
US sues Apple for ‘shapeshifting’ rules that throttled crypto apps and others Apple’s App Store rules enforcement arbitrarily “penalize and restrict developers” that compete with the tech giant’s “monopoly power,” the DOJ alleged.
Spot Bitcoin ETFs suffer third straight day of net outflows, $261M bled United States-listed spot Bitcoin ETFs have now bled around $742 million in just three trading days.
Honduras gains new support in $11B tussle with crypto island Próspera Economists wrote a letter to “commend” Honduras’ decision to withdraw from an international court where it has been fighting the U.S.-based firm behind Próspera.
Starknet fixes STRK token airdrop issues for Immutable X and ETH pool stakers A wallet address mix-up and trouble airdropping tokens to ETH pool stakers have been fixed, and both can claim STRK starting next month, Starknet claims.
Biggest ETF outflow: At this rate, Grayscale will be out of Bitcoin in 4 months The ETF’s record outflow day came as Bitcoin hit a U.S. trading day low of nearly $62,000 as it continues to slide after hitting a high last week.
Immutable, Polygon’s new $100M fund to throw cash at Pixelmon, among others Immutable and Polygon have teamed up to find blockchain games for their new $100 million fund to bankroll, starting with seven games native to their blockchains.
SEC requests extra $158M from federal budget to police crypto’s ‘Wild West’ 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.
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.”
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.