In an order Monday, Chief Judge Robert Shelby, from the District of Utah, wrote that the SEC’s attorneys misled the court both in applying for a temporary restraining order as well as afterward, when DEBT Box filed to dissolve the order, noting at the end that the order is focused on the TRO question, and not the underlying case. Source
Category: ICO
Fidelity Adds Staking to Ether ETF Application, Sending LIDO Up 9%
“According to the Registration Statement, the Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers, which may include an affiliate of the Sponsor (“Staking Providers”),” Fidelity wrote in a 19b-4 form on Monday. Source
Crypto Firm Bakkt Shakes Up Leadership, Names Board Member Andy Main New CEO
“Andy has the expertise to lead the company forward from this inflection point, with a focus on broadening our institutional crypto capabilities, growing our client base, expanding internationally, and driving towards adjusted EBITDA breakeven,” Michael said in the press release. Source
Is Toxic Bitcoin Maximalism Getting Less Toxic?
To find where you stand on the spectrum, ask yourself whether Bitcoin is just and only “savings technology,” a hard money solution to ever-inflating fiat currency? Or, is it also a platform to build fun or useful applications? For years, Bitcoin culture had been dominated by the former, in part because there wasn’t much you could do with Bitcoin. Source
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged ‘Seller’s Remorse’
According to court documents filed in New York on Jan. 29, Attestor, through a wholly-owned subsidiary called Svalbard Holdings Limited, made an agreement with a Panamanian company, Lemma Technologies, to purchase the accounts – worth a combined $166 million at the time of FTX’s collapse – in June 2023, after placing the highest bid at an auction organized by Lemma Technologies in May 2023. Source
Fidelity’s Bitcoin Fund Becomes Fifth Most Popular of All ETFs in 2024
The No. 1 fund based on 2024 inflows is Vanguard’s S&P 500 ETF (VOO), which has attracted over $24 billion from investors. IBIT is in third place with $12.5 billion, behind the iShares Core S&P 500 ETF (IVV), which has seen just over $15 billion of inflows this year. Source
Bitcoin ETFs’ Hot Start Seems Largely Driven by Retail Investors
“I would say, broadly, it’s a lot of retail,” said Kyle DaCruz, director of digital assets products at VanEck. But there’s a lack of transparency into who invests in ETFs in the early days of launch as many of the trades are executed by authorized participants, market makers and brokers, who all invest on behalf of an entity, he added. Source
What is SLERF? Solana Meme Coin Flies as Developer Loses $10 Million in Presale Funds
SLERF’s launch came on the back of an ongoing narrative that has seen developers raising millions of dollars, usually in SOL tokens, on the promise of a meme coin airdrop. Some on-chain watchers estimate that over $100 million worth of tokens were sent to such presales over the weekend. The frenzy contributed toward the SOL price crossing $200 for the first time since November 2021. Source
Polymarket Gives Trump a Huge Lead Over Biden
Solana was built as an alternative to, at the time, a very expensive Ethereum network, which got many excited for the project. However, two and a half years of upgrades to Ethereum, culminating in the recent Dencun software update, have narrowed the gap in costs. Source
Influential Trader GCR Buys Original Dogwifhat Meme for $4M; WIF Rises
WIF pieces have surged in the past hour as X users found out the trader user now holds the original image. Source