The SEC labeled Bitcoin and Ethereum as highly speculative, warning of the risks of investing in Bitcoin and Ethereum ETPs. BlackRock's Bitcoin spot ETF reported its third outflow of funds, with $9 million outflow at the beginning of the week.
WeiliangSingapore is cracking down on illegal trading of Worldcoin accounts and tokens, with seven individuals under investigation and five already arrested. The Monetary Authority of Singapore has clarified that Worldcoin itself isn't regulated under their Payment Services Act, but trading activities may violate the law, leading to severe penalties.
JoyTether has partnered with Tron and TRM Labs to form the T3 Financial Crime Unit (T3 FCU), a public-private initiative to combat criminal activities involving USDT on the TRON blockchain.
CatherineCaroline Ellison, former CEO of Alameda Research, will be sentenced on 24 September 2024 for her role in the FTX fraud case, with privacy concerns raised over the redaction of supporters' names in her court filings. Her cooperation with the U.S. Department of Justice may lead to a reduced sentence, despite facing charges that could result in up to 110 years in prison.
WeatherlyWithin two weeks, a record 17 million users claimed DOGS tokens, making it the top token by unique holders across any blockchain, with 4.5 million holders—surpassed only by Tether’s USDT on TRON and Ethereum (ETH).
KikyoSony Bank is launching a stablecoin pegged to the Japanese Yen in collaboration with the Layer 2 Ethereum blockchain, Soneium. This move aims to lower transaction costs and boost Japan's digital asset market, while other leaders like Justin Sun explore gas-free stablecoin solutions.
AnaisSingapore has approved cashless gaming in its casinos but banned cryptocurrency use due to money laundering concerns. The new laws also enhance software regulation, enforce strict social safeguards, and maintain oversight to prevent problem gambling and financial crime.
WeatherlyThe PlayStation 5 Pro, launching on November 7, 2024, will feature a 45% faster GPU, advanced ray tracing, and AI-driven upscaling with PlayStation Spectral Super Resolution. It also includes 2TB of storage, improved game support, and backward compatibility for PS4 titles, aiming to enhance gaming visuals and performance.
WeatherlyXiao Sa's legal team said that Chinese law clearly stipulates that cryptocurrencies are not legal tender, but their property attributes and value make them the object of property crimes in judicial practice, and thus can constitute occupational crimes.
AlexUS media said that under China's Bitcoin ban, cryptocurrency miners were driven out of China, and now they are draining the United States and consuming the country's huge energy.
Miyuki