Crypto News

Crypto News & Headlines

The SEC is seeking public input on whether to approve or disapprove Franklin Templeton's spot bitcoin ETF. The SEC has delayed its ruling on Franklin and Hashdex Bitcoin ETFs, potentially paving the way for the approval of more crypto funds. This unexpected request for feedback from the SEC suggests a change in approach. Experts believe that the SEC's early delays may be laying the groundwork for spot Bitcoin ETF approvals in early January 2024. In a surprising move, the SEC has advanced its decision-making process on Franklin Templeton's Bitcoin ETF application, which was originally scheduled for January 2024.

Coinbase has received a subpoena from the U.S. Commodity Futures Trading Commission (CFTC), requesting account information and transaction histories of its users. The subpoena raises speculation that the CFTC's actions may be related to Coinbase users who have had dealings with Bybit, possibly leading to legal proceedings against the Dubai-based exchange.

Circle has partnered with SBI Group to expand the use of USDC stablecoin in Japan and promote Circle's Web3 Services.

The number of crypto addresses holding Dogecoin (DOGE) has reached over 5 million, indicating a significant surge in adoption and user activity for the popular dog-themed cryptocurrency. Despite the overall decline in the cryptocurrency market, DOGE's popularity and user base continue to grow.

Kronos Research, a Taiwan-based crypto trading firm, was hacked in mid-November, with the attacker stealing $25 million. The firm has since initiated talks with the hacker and publicly offered a 10% cut to return 90% of the stolen funds, showcasing a growing trend of striking deals with cyberthieves in the crypto industry.

Binance.US attorney Matthew Laroche is requesting a federal judge to stop the SEC's potential fraud investigation. (Neutral)

The sentiment of the recent news articles is generally negative towards private cryptocurrencies. Singapore's central bank chief, Ravi Menon, predicts the exit of private cryptocurrencies that fail the fundamental tests of financial services. He envisions a future financial landscape dominated by central bank digital currencies (CBDCs) and regulated stablecoins. This sentiment is also echoed by India's central bank deputy governor, who emphasizes the success of CBDCs. Additionally, Menon highlights the instability and inability of private digital coins to retain value, suggesting their failure as a form of money.

Changpeng Zhao (CZ), the former CEO of Binance, has stepped down as Chairman of the Binance.US Board of Directors and transferred his voting rights to a proxy arrangement. This move effectively removes his involvement in Binance.US's governance, limiting his role to an economic interest in the company. CZ's decision comes after pleading guilty to one felony count in the United States as part of a settlement with local officials and regulators.

Investors are accumulating cryptocurrencies at a higher rate compared to earlier this year, indicating a strong upward trend in wallet balances.

The dYdX community has voted to transition from the beta stage to full trading on the dYDX chain, enabling trading rewards for validators and stakers. The move marks a significant step for the decentralized derivatives platform. Traders now have the chance to take advantage of the rewards system on the dYdX Chain, with around 50,000 DYDX available daily.