Cointime

Cointime

Download App
iOS & Android

Crypto Morning Briefing: SEC To Sue Paxos,Hong Kong Hires Banks for Inaugural Tokenized

Cointime Official

Top Stories

SEC To Sue Crypto Trust Co. Paxos Over Binance Stablecoin

The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar (USDP) and Binance USD (BUSD) tokens, over the latter stablecoin, the Wall Street Journal reported Sunday.

Hong Kong Hires Banks for Inaugural Tokenized Green Notes

The government of Hong Kong has mandated banks to arrange a debut offering of tokenized green notes.

Digital Currency Group Plans Restructuring To Pay Creditors of Bankrupt Genesis Unit

Digital Currency Group (DCG), the parent firm of failed crypto broker Genesis Global Capital, plans to transfer equity in another unit, Genesis Global Trading, to Genesis Global Holdco and eventually sell both companies to raise capital to pay back creditors.

Cathie Wood's ARK Buys Another $9.2M Coinbase

Cathie Wood is back to buying up shares of Coinbase (COIN), after a nearly month-long break, as ARK disclosed it had purchased 162,325 shares of COIN on Friday.

Vitalik Buterin Donates $227K To Help Earthquake Victims in Turkey

Ethereum co-founder Vitalik Buterin has now made at least two substantial contributions to help the victims of last week’s devastating earthquake in Turkey and Syria.

Coinbase CEO Says he Will “Happily Defend” Crypto Staking Service Against Claim it’s a Securities Product

Brian Armstrong, the chief executive officer of the Coinbase cryptocurrency exchange, said on Twitter Monday that the company will “happily defend” its staking services in court against claims that they need to be classified as securities. Coinbase, which trades on the Nasdaq, is the biggest crypto exchange in the U.S. 

Crypto Price Action

As of press time, according to Cointime data:

BTC 's live price is $21,845.25 USD with a 24-hour trading volume of $19,326,661,771 USD. Bitcoin has climbed by 0.13% in the last 24 hours.

ETH’s live price is $1,521.31 USD with a 24-hour trading volume of $6,212,440,723 USD. Ethereum has dropped by 0.76% in the last 24 hours.

BNB’s live price is $314.19 USD with a 24-hour trading volume of $619,452,398 USD. BNB has climbed by 2.34% in the last 24 hours.

SOL's live price is $21.11 USD with a 24-hour trading volume of $680,405,818 USD. Solana has climbed by 0.91% in the last 24 hours.

Fundraising News

Pantera Capital on Bitcoin: We’re in Next Bull Market Cycle

Pantera Capital published its February Blockchain Letter last week. The letter, titled “The Seventh Bull Cycle,” is authored by founder and managing partner Dan Morehead and investment associates Ryan Barney and Sehaj Singh.

MoodMiner Secures $3 Million in Series a Funding Round, Paving the Way for Disrupting the Yield Earning Space

The funds will be used to further the growth and expansion of the company, allowing it to continue revolutionizing the yield-earning space.

LBank Labs Welcomes Valeria Kholostenko As Fund Principal

Venture capitalist fund and blockchain accelerator LBank Labs has announced the appointment of crypto pioneer and industry veteran Valeria Kholostenko as Principal.

Cointime Research

Exploring Rage Trade: DeFi Platform for ETH Perpetual Swap and USDC Farming

  RageTrade is using 80-20 Vault and Omnichain Liquidity Recycle mechanisms to improve liquidity while utilizing Delta Neutral Vault to minimize risks. 

Paxos DCG
Comments

All Comments

Recommended for you

  • Cointime's Evening Highlights for May 24th

    1. CryptoPunks Launches “Super Punk World” Digital Avatar Series

  • An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

    According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC.

  • USDC circulation increased by 200 million in the past 7 days

    According to official data, within the 7 days ending on May 16th, Circle issued 1.8 billion USDC, redeemed 1.6 billion USDC, and the circulation increased by 200 million. The total circulation of USDC is 33.2 billion US dollars, and the reserve is 33.4 billion US dollars, of which 3.8 billion US dollars are in cash, and Circle Reserve Fund holds 29.6 billion US dollars.

  • Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%

    Phoenix Group, a listed mining company and blockchain technology provider for Bitcoin, released its Q1 financial report, with the following main points:

  • Pudgy Penguins and Lotte strategically cooperate to expand into the Korean market, and the floor price rose by 3.1% on the 7th

    The NFT series "Pudgy Penguins" has recently announced a strategic partnership with South Korean retail and entertainment giant Lotte Group on the X platform to expand its market in South Korea and surrounding areas. More information will be announced in the future. According to CoinGecko data, the floor price of Pudgy Penguins is currently 11.8 ETH, with a 7-day increase of 3.1%.

  • CryptoPunks Launches “Super Punk World” Digital Avatar Series

    Blue-chip NFT project CryptoPunks announced the launch of "Super Punk World" on X platform, which is the project's first release of 500 digital avatars inspired by the iconic CryptoPunks features and combined with Super Cool World attributes. It is reported that the series may launch auctions in the future, and more details about the collection and auction of this series will be announced soon.

  • Core Foundation launches $5 million innovation fund

    CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications.

  • Drift Foundation: The governance mechanism is gradually being improved, and DRIFT is one of the components

    The Drift Foundation stated on the X platform that the DRIFT token is a component of governance and a key element in empowering the community to shape the future. The governance mechanism is gradually improving, and more information will be announced soon.

  • U.S. Department of Justice: Two Chinese nationals arrested for allegedly defrauding at least $73 million through cryptocurrency investments

    According to the official website of the United States Department of Justice, a complaint from the central region of California was made public yesterday, accusing two Chinese nationals of playing a major role in a money laundering scheme involving cryptocurrency investment fraud.Daren Li, 41 years old, is a dual citizen of China and St. Kitts and Nevis, and is also a resident of China, Cambodia, and the United Arab Emirates. He was arrested on April 12th at Hartsfield-Jackson Atlanta International Airport and later transferred to the central region of California. Yicheng Zhang, 38 years old, is a Chinese national currently residing in Temple City, California. He was arrested yesterday in Los Angeles. Today, they are accused of leading a money laundering scheme related to an international cryptocurrency investment scam, involving at least $73 million. These arrests were made possible thanks to the assistance of our international and US partners, demonstrating the Department of Justice's commitment to continuing to combat the entire cybercrime ecosystem and prevent fraud in various financial markets.

  • Reuters: Barry Silbert and Mark Murphy have resigned from Grayscale Investments board

    Reuters reported that DCG founder and CEO Barry Silbert and Mark Murphy have resigned from the board of directors of Grayscale Investments. Shifke will replace Barry Silbert as chairman of Grayscale Investments.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company