According to BlockBeats, Fox reporter Eleanor Terrett posted on social media that "this week the judge may rule on the case of digital asset bank Custodia Bank against the Federal Reserve, because it will start two trials on April 1. This case The results could be landmark for both the crypto industry and state banks."
According to BlockBeats, the US SEC is soliciting public opinions on Grayscale, Bitwise and Fidelity Spot Ethereum ETFs. In its filing regarding Bitwise, the SEC stated that the Commission issued this notice to solicit comments from interested parties on the proposed rule changes, as modified by Amendment No. 1. The public has 21 days to submit comments.
According to Odaily Planet Daily, the European Securities and Markets Authority said that although MiCA will come into effect at the end of the year, it has not yet promoted an increase in cryptocurrency euro trading. However, this may become a potential growth driver because it aims to strengthen investor protection. Since the formal legislation of the regulation last year, the level of cryptocurrency trading denominated in euros has remained stable at around 10%.
According to Odaily Planet Daily, Bim Afolami, the economic secretary of the British Treasury, said at the Global Summit on Innovative Finance that the British government plans to propose legislation for stablecoins and crypto asset pledges, exchanges and custody by June or July.
According to Bloomberg, Hong Kong has granted preliminary approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds. This decision has positively impacted both digital assets and the broader cryptocurrency market. The Hong Kong unit is competing with Singapore and Dubai to become a hub for digital-asset firms. This comes after the implementation of a regulatory framework for virtual-asset service providers last year. The cryptocurrency market experienced a surge following the authorities' approval of spot funds. Bitcoin saw an increase of up to 4.3%, reaching approximately $66,629. Concurrently, Ether experienced a 6.1% increase, hitting $3,257. This development underscores Hong Kong's commitment to fostering a conducive environment for digital-asset firms and the growth of the cryptocurrency market.
According to BlockBeats, on April 11, the U.S. Securities and Exchange Commission (SEC) issued a warning to Uniswap Labs, indicating plans to take enforcement action against the company. The warning was issued in the form of a 'Wells Notice,' a notification sent by the SEC to a company before initiating formal litigation, providing the company with a final opportunity to refute any allegations. The specific nature of the SEC's allegations against Uniswap Labs is not yet known.
According to PANews, a judge has ordered the seizure of over $11 billion in assets belonging to Sam Bankman-Fried (SBF). Additionally, the judge will recommend that SBF serve his sentence in a prison near his family's residence in the San Francisco Bay Area. The reason for the seizure and the specific charges against SBF were not mentioned in the report. Further details about the case and its implications for SBF and his family are yet to be revealed.
According to Foresight News, SBF has been sentenced to 25 years in prison in New York for defrauding billions of dollars, as reported by Reuters. This is a longer sentence than the previously reported 20 years.
According to Foresight News, the UK Treasury's Technical Working Group has released a new report on the tokenization of funds. The report builds on the group's first report, published in November 2023, and expands on the potential use cases for tokenized funds initially emphasized in the initial report. It specifically explores the use of tokens as collateral for money market funds and the role of tokenized funds in fully on-chain investment markets. In the third phase of their work, the Technical Working Group will now shift its focus to how the UK investment management sector can leverage the opportunities brought by artificial intelligence.
Research by WuBlockchain in 2022 pointed toward a principal risk for KuCoin as its main user traffic source is the United States. The cryptocurrency exchange has not even banned American IP addresses, unlike many other offshore exchanges. According to data from Similarweb, while the largest source of traffic for exchanges like Binance, OKEx, and Huobi is Russia, KuCoin's largest demographic is US users. OKEx's second-largest and Deribit's largest traffic source also comes from China.