ydeligli

@ydeligli

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“There’s a fundamental difference. A CBDC is a direct liability of the central bank while a stablecoin is a liability of the issuer. This has huge consequences,” digital asset researcher Anderson wrote.

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“The recent market correction, with significant liquidations (especially in assets like Solana) and a drop in total crypto market cap to $3.13 trillion, points toward possible capitulation as overleveraged positions are flushed out,” Pellicer told Cointelegraph.

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Bybit processed more than 350,000 withdrawal requests in the 10 hours after the exploit, according to Bybit co-founder and CEO Ben Zhou.

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On June 9, Binance.US announced that it was forced to take action amid “extremely aggressive and intimidating tactics” from the SEC.

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The lawsuit also claimed that Binance failed to register its Binance.com platform and its US entities, Binance BAM Trading, as an exchange or a broker-dealer clearing agency. CZ was sued as a “controlling person.”

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In 2023, the SEC filed a lawsuit against Binance and its founder, Changpeng “CZ” Zhao, alleging the misappropriation of billions in user funds and regulatory violations.

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In June 2023, the US Securities and Exchange Commission (SEC) sued Binance, accusing the firm of failing to register Binance.US as an exchange. Binance.US suspended US dollar deposits shortly after the lawsuit was filed.

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The services will “gradually roll out to all eligible customers in the coming days,” the announcement added.

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“The sellers and buyers are anonymous to each other, make no exchange or promise other than the sale of the digital asset itself, and thus have no obligation or continuing commitment to each other past the point of sale,” it argued.

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Coinbase lawyers argue in the latest petition that trades on its platform are not “securities transactions but asset sales of digital assets rather than physical ones.”

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The SEC sued Coinbase in June 2023, alleging the crypto exchange was an unregistered securities exchange and alleged Coinbase hadn’t registered as a broker, national securities exchange or clearing agency, evading the disclosure scheme for securities markets.

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“Without it, market participants face different rules before different courts, and neither the Commission nor Congress can be certain who is responsible for the regulation of digital-asset trading,” Coinbase wrote.

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“This case presents an ideal vehicle to address that question and provide clear rules for this multi-trillion-dollar industry,” it said.

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In a Jan. 21 filing to the Second Circuit Court of Appeals, Coinbase said understanding if secondary market crypto transactions are investment contracts under securities laws is of “immense importance to the crypto industry.”

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Crypto exchange Coinbase asked a US appeals court to rule crypto trades are not securities in its continued fight against a Securities and Exchange Commission lawsuit.

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DexScreener data shows that 790,000 wallets hold TRUMP, while 343,000 hold MELANIA. Despite this concentration among whales, Chainalysis noted that the tokens brought a wave of new users to crypto, with nearly half of the buyers creating wallets on the same day they purchased the tokens.

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Wallets with $1 million to $10 million make up 2.1% of total holders, while those holding $100,000 to $1 million account for 1.7%. Around 2.2% of the token owners hold less than $100,000 worth, highlighting the dominance of high-value holders in these tokens.

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These whales hold $10 million or more in either token, accounting for 94% of the combined token supply, the firm said in a Jan. 22 X post.

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Multicoin expects tokenized private credit and startup equity to flourish early, with public stock tokens taking off later. Meanwhile, virtually every incumbent financial institution will “race to offer basic financial products around crypto.”

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