Tag Archives: Market News

Story Highlights SEC closes Yuga Labs investigation without penalty or charges. The decision supports the position that NFTs are not securities. The SEC’s kinder stance suggests evolving cryptocurrency restrictions. The US Securities and Exchange Commission (SEC) closed down its probe against Yuga Labs, owner of Bored Ape Yacht Club (BAYC) non-fungible token (NFT) venture and ApeCoin (APE). The SEC will not pursue any enforcement and close the investigation launched in October 2022. Yuga...

Story Highlights Senator Durbin introduces Crypto ATM Fraud Prevention Act.  Over 1,233 US crypto ATMs were offline in early March. New global rules slow the spread of the cryptocurrency ATM network. The U.S. has seen a dramatic decline in its crypto ATM network just days after Illinois Senator Dick Durbin introduced the Crypto ATM Fraud Prevention Act. The bill aims to combat rising fraud in cryptocurrency ATM transactions by requiring operators to warn users of scams, develop steps to...

Story Highlights STAR10 price declines by 22% after reaching a high of $0.3964.  Insider wallets win millions from STAR10 token trades. STAR10 trade volume surpasses $48.43 million, despite losses. Brazilian football icon Ronaldinho has officially released his digital token, STAR10, on the BNB Chain to connect football and blockchain. The token will provide fans with unique access to special challenges, rewards, and events. Nonetheless, since its release, severe price volatility has hit...

Metro is now accepting stablecoins, including USDT, USDC, WUSD, and FDUSD. Singapore’s crypto-friendly rules promote stablecoin adoption. Singapore’s top department store chain Metro has joined forces with local crypto payments company DTCPAY to launch stablecoin payments in its offline stores and online shopping mall, Metro Mall. Tether’s USDT, Circle’s USDC, Worldwide Stablecoin Payment Network’s WUSD, and First Digital Dollar’s FDUSD can be used to make payments. The shift will increase...

DFSA approves Circle’s USDC and EURC for usage in DIFC enterprises. The approval allows stablecoin-backed services, such as payments and treasury management. The Dubai Financial Services Authority (DFSA) has officially cleared Circle’s USDC and EURC stablecoins, the first stablecoin clearance in the Dubai International Financial Centre (DIFC). This is a follow-up to Circle’s successful applications in the EU and Canada, continuing to broaden its regulatory presence. With DFSA’s go-ahead,...

The SEC’s 240-day investigation of Grayscale’s XRP ETF is currently underway. Following regulatory changes, the possibility of XRP ETF approval has increased to 81%. The United States Securities and Exchange Commission (SEC) has officially approved the Grayscale bid to reclassify its XRP Trust as an ETF based on a spot exchange-traded product. NYSE Arca filed on January 30th, initiating a 240-day review cycle before a decision must be made by October 18, 2025. The SEC approval was released in...

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A recent combined report by Block Scholes and Bybit sheds light on the crypto derivatives market’s robust performance despite recent turbulence. The analysis of futures, options, and perpetual contracts showed the case to understand how the sector is stable during high volatility. The report notes that, while BTC fell below $59,000, the futures market remained relatively stable. The open interest for futures contracts was flat, meaning traders were proactively reducing their leveraged...

The stablecoin market has reached a new milestone, with its total market capitalization hitting an all-time high of $168 billion. This achievement follows 11 consecutive months of growth, as shown by data from DefiLlama. The current potential exceeds the maximum of $167 billion recorded in March 2022, indicating a clear recovery and growth stage for stablecoins. It is important to note that this data does not include a category often referred to as algorithmic stablecoins, where the value is...

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