Binance.US Halts Direct Dollar Withdrawals
U.S. dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use.
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Financial
Grayscale ‘GBTC Discount’ Narrows to Near 2-Year Low as SEC Misses ETF Appeal Window
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.
Financial
SEC Deadline on Grayscale’s Bitcoin ETF Dispute Approaching at Midnight
The agency has hours left to seek an appeal of the court order to erase its rejection of Grayscale’s trust-to-ETF conversion application.
Financial
DeFi Protocol BarnBridge Prepares for SEC Action, Fines
The decentralized autonomous organization is holding a vote on how to respond to securities regulators.
Financial
SEC’s Motion to Appeal Loss in Ripple Case Is Denied
XRP rallied about 5% following the decision.
Financial
FTX’s Former Auditor Prager Metis Sued by SEC
The regulator alleged in a court filing that the firm had entered into contracts with clients that violated auditor independence rules.
Financial
Valkyrie Backs Off Ether Futures Purchases Until SEC ETF Approval Officially Effective
The asset manager Thursday said it had already begun purchasing ether futures contracts.
Financial
Circle Intervenes in Binance’s SEC Case, Argues Stablecoins Aren’t Securities
Stablecoin buyers don’t expect a profit so it’s not an investment contract, argues the USDC issuer, supported by former commodities regulator Heath Tarbert.
Financial
SEC’s Gensler Throws More Crypto Punches in Congressional Hearing
Gary Gensler, while avoiding answers on bitcoin ETFs, argues in testimony that crypto firms dangerously mix assets in a way outlawed in other corners of the financial system.
Financial
SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs
SEC recently extended deadlines for ARK, GlobalX spot bitcoin ETFs due to a looming government shutdown.