Binance
BlackRock's iShares Files Paperwork for Spot Bitcoin ETF; Binance Global Fallout
The iShares unit of fund management giant BlackRock (BLK) filed paperwork Thursday afternoon with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin (BTC) ETF. Separately, Binance's French unit undergoes investigation by local authorities for potential money laundering. The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. "First Mover" hosts weigh in.
AI, Metaverse Tokens Dip Amid SEC's Lawsuits
AI and metaverse tokens are taking hits despite the hype over artificial intelligence and Apple’s Vision Pro headset reveal. CoinDesk Executive Director of Global Content Emily Parker breaks down the underperformance of tokens affected by the SEC's lawsuits against Binance and Coinbase.
Bitcoin Supply on Exchanges Slides to Lowest Level Since 2018
Data from on-chain analytics firm Santiment shows bitcoin supply on crypto exchanges has slipped to its lowest levels since February 2018, with 6.4% supply leaving exchanges in the past week. That dip comes after the U.S. Securities and Exchange Commission (SEC) accused exchanges Binance and Coinbase of offering unregistered securities to U.S. customers. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
U.S. Judge Rebuffs SEC Request to Freeze Binance.US Assets
The federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance and Binance.US declined to order a temporary restraining order freezing the U.S. trading platform's assets. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the key takeaways from Tuesday's hearing.
Key Takeaways From House Hearing on Future of Digital Assets
The House Financial Services Committee held a hearing Tuesday on the future of digital assets. The committee weighed its draft stablecoin bill in the wake of the U.S. Securities and Exchange Commission (SEC)'s action against Binance and Coinbase. Prometheum co-CEO and founder Aaron Kaplan, who sat on the witness panel, discusses the key takeaways and outlook for crypto legislation in the United States.
Legal Expert on U.S. Crypto Regulation Outlook Amid SEC Action
As the U.S. Securities and Exchange Commission (SEC) launches wide-ranging lawsuits against Binance and Coinbase, how might this help shape future crypto regulation? Mike Selig, Counsel at Willkie Farr & Gallagher LLP, discusses the state of the U.S. crypto regulatory landscape and where it's headed. Plus, reactionsto the release of documents tied to William Hinman, the former director of the SEC's Division of Corporation Finance, in connection with the SEC's lawsuit against Ripple Labs.
Ether Could See Further Decline Following SEC's Crackdown on Crypto
Ether continues to struggle as the SEC announced two lawsuits against Binance and Coinbase. TradingView data shows that Ether's price has retracted from $1928 to $1716 in the last three weeks, and analysts have noted that if support falls below $1700, the 2nd largest crypto by market cap could fall by another 10%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
SEC's Crackdown on Binance, Coinbase Highlights Need for U.S. Crypto Regulatory Framework: JPMorgan
The U.S. Securities and Exchange Commission (SEC)’s lawsuits against Binance and Coinbase highlight the need for U.S. lawmakers to come up with “a comprehensive framework on how to regulate the crypto industries and the relative responsibilities of SEC vs the Commodity Futures Trading Commission (CFTC),” JPMorgan (JPM) said in a research report. "The Hash" panel weighs in.
ADA Falls After SEC Lists Token as Security in Lawsuits Against Binance and Coinbase
Cardano (ADA) fell 14% this week after it was listed as a security in the U.S. Securities and Exchange Commission's lawsuits against crypto exchanges Binance and Coinbase. This comes as Cardano development company IOG dismissed the SEC's claims in a blog post, saying the allegations have no impact on operations and that the filing quote contains numerous factual inaccuracies. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg
In a letter written to the U.S. Attorney General, Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-MD) alleged that crypto exchange Binance may have lied to lawmakers about its business practices and must be investigated by the U.S. Department of Justice (DOJ), according to a report from Bloomberg. "The Hash" panel weighs in on the Senators' attitude toward crypto.