The bill would provide guidelines for U.S.-based crypto exchanges to register with regulators. Source
Leading House Democrat Solicits Feedback From Gensler and Yellen on Crypto Bill
Day: June 26, 2023
U.S. Judge Rejects Binance.US Complaint Over SEC Press Release on Protecting Customer Money
“It is not apparent that Court intervention … is needed at this time, or that it is necessary or appropriate for the Court to get involved in wordsmithing the parties’ press releases,” Judge Jackson ruled. “Nor is it clear that the agency’s public relations efforts to date will materially affect proceedings in this case.” Source
Q&A on Weathering the Regulatory Storm, Uniswap v4, What’s Next for DeFi
When we first rolled out Uniswap v3, it was a really powerful protocol. And it sort of ultimately proved itself, and today it has about 90% market share on Ethereum specifically for on-chain trading and AMMs. But, you know, one very valid piece of criticism that it got a little bit was like, “Oh, this thing came out. We’re kind of surprised. I didn’t have time to build my integration, and so I had to wait and build it after it launched.” And so I think part of it is…
US lawmaker calls for info from Treasury and SEC on crypto market structure bill
California Rep. Maxine Waters, ranking member of the United States House Financial Services Committee, has called on leadership at federal regulatory agencies to weigh in on a proposed framework for digital assets. In separate letters dated June 23, Waters requested Treasury Secretary Janet Yellen and Securities and Exchange Commission (SEC) Chair Gary Gensler provide information on the possible impact of the “Digital Asset Market Structure” bill. The legislation proposed by Republican lawmakers on June 1 aimed to establish a comprehensive framework on digital assets in the U.S. in part by…
Singapore central bank reports on tokenized asset network models after trials
As asset tokenization continues at a rapid pace, the Monetary Authority of Singapore (MAS) and 11 financial institutions examined infrastructure models to facilitate tokenized asset trading. The key to unlocking the full benefits of the technology is open and interoperable digital asset networks, the MAS said in its Project Guardian report released June 26. Project Guardian identified options for platform type, asset type and network access with an eye to best practices. It used three test cases and drew observations on them while carefully noting that it does not endorse…
FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B
Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III. Source
Optimism network transactions surged 67% following Bedrock upgrade — Nansen
Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over 550,000 by the middle of June. Since Optimism’s Bedrock upgrade on June 6 Its daily transactions have increased by about 67% to ~500k And gas fees are reduced by about 50% to ~$50k pic.twitter.com/9ACIMMFHbl — Nansen (@nansen_ai) June 26, 2023 Optimism, a layer 2 of…
Step Aside ‘Blockchain Technology’, IMF and BIS Have a New Buzzword to Peddle
Step Aside ‘Blockchain Technology’, IMF and BIS Have a New Buzzword to Peddle Source link
Bitcoin (BTC) Investment Sentiment Turned Bullish After Largest Weekly Fund Inflow in a Year
However, the positive sentiment didn’t flow through into altcoin investments, according to the report. “This turn in sentiment didn’t trickle down to altcoins with only very minor inflows into XRP and Solana totalling $0.24m and $0.17m respectively. But the improved sentiment did encourage some investors to buy multi-asset investment ETPs, with $8m inflows last week,” the CoinShares report added. Original
NFT Project Azuki Releases ‘Azuki Elementals’ Collection
The sale, which opens Tuesday as a Dutch Auction, will start at 2 ETH, (roughly $3,800) and will first be available to holders of Azuki NFTs or BEANZ – another Azuki derivative collection. Every five minutes, the price will fall by 0.1 ETH, or $187, until all 10,000 of the remaining Elementals NFTs have been sold. Source