Tag Archives: AA News

Ethereum co-founder and CEO of Consensys – Joseph Lubin – announced that Consensys and the US Securities and Exchange Commission (SEC) have reached an agreement in principle to dismiss the securities enforcement case concerning MetaMask. The case, which targeted Consensys’ popular cryptocurrency wallet, is expected to be formally closed pending approval by the agency. SEC Ends MetaMask Probe Lubin took to X to express satisfaction with the outcome and stated that while...

The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance released a statement clarifying its views on the application of federal securities laws to meme coins. In a statement this week, the division stated that it does not view meme coins as securities but more like collectibles. Meme Coins Are Not Securities According to the SEC’s latest guidance, transactions involving meme coins do not constitute the offer and sale of securities under the...

Gemini co-founder Cameron Winklevoss announced that the US Securities and Exchange Commission (SEC) had officially closed its investigation into the cryptocurrency exchange and would not be pursuing enforcement action. This decision comes nearly two years after the probe began and over nine months after Gemini received a Wells Notice. SEC Closes Gemini Case In his latest tweet, Winklevoss described the SEC’s decision as a milestone in what he called “the end of the war on...

Former Binance CEO Changpeng Zhao (CZ) has criticized Safe Wallet’s post-mortem update on the Bybit hack, calling it “not that great” and raising concerns about how attackers tricked multiple signers. His comments follow an audit report stating that the breach resulted from a compromise of Safe’s infrastructure rather than the exchange’s systems. Safe’s Response Forensic investigations found that compromised Safe Wallet credentials led to the nearly $1.5 billion Bybit...

Within the past two weeks, the United States spot Bitcoin exchange-traded fund (ETF) market has witnessed massive outflows. Investors have consistently withdrawn their funds amid minimal or negative price movements for bitcoin (BTC). According to data from Farside Investors, the spot Bitcoin ETFs have recorded more than $3.6 billion in outflows since February 10. These funds have witnessed just one day of inflows out of the 12 trading days since February 10. ETFs See $3.6B...

SHELL, the native token of AI consumer layer MyShell, has surged almost 34% in the last 24 hours, reaching an all-time high (ATH) of $0.6816. The uptick, which comes against the backdrop of a broader crypto market slump, looks to have been fueled by excitement over the token’s upcoming listing on Binance. Binance Listing Fuels SHELL’s Rally Earlier today, the exchange officially unveiled MyShell as its tenth project on the Binance Airdrop Portal. The token was distributed to...

Bitcoin’s price plunged below $90,000 immediately after US President Donald Trump announced his planned 25% tariffs on Canada and Mexico. During periods of high volatility, investors tend to liquidate crypto assets first to cut down on their overall financial risk. Amidst increasing concerns of a steeper decline, the latest data depicts a notable shift in Bitcoin whale and shark activity. Investors Dump Millions in BTC According to the data shared by Santiment, wallets...

Jupiter Exchange has surpassed major decentralized finance (DeFi) players, securing the second-highest daily fee ranking after stablecoin issuer Tether. Additionally, the decentralized exchange (DEX) generated $2.73 million in revenue over a 24-hour period, going above fellow Solana stalwart Pump.fun. Jupiter Usurps Pump.fun According to data from DefiLlama, the exchange has earned $10.88 million in fees since yesterday, about $7.3 million less than the amount Tether raked...

The US Securities and Exchange Commission (SEC) has officially closed its investigation into Uniswap Labs without taking any enforcement action. The decision to drop the investigation solidifies a shift in the SEC’s approach under its current leadership, which has been reassessing enforcement actions across the crypto industry. SEC Ends Uniswap Probe During Gary Gensler’s tenure as SEC chair, the agency took a hardline stance against crypto and asserted that most tokens...

Ripple, the blockchain infrastructure provider behind the open-source, public blockchain XRP Ledger (XRPL), has unveiled its development plans for the network in 2025, building on already existing features. According to a blog post, Ripple will focus on enhancing XRPL’s institutional decentralized finance (DeFi) ecosystem this year, with a focus on regulatory compliance, programmability, and expanded lending. XRPL’s Roadmap for 2025 Ripple said the new features will enable...