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Rho Labs, the developer of the decentralized rates exchange Rho Protocol, closed a $4 million seed round led by CoinFund. Additional investors included Auros, Flow Traders and Speedinvest. Rho operates a decentralized derivatives market that lets users stake, lend and trade perpetual futures in one venue. The company says it has processed more than $7 billion worth of notional volumes.
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The RWA market has grown significantly over the past year, reaching $17.9 billion as of early March, according to RWA.xyz.
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However, the Division also said its statement wasn’t a “rule, regulation, guidance, or statement” of the SEC, wasn’t approved or disapproved by the commission and like all staff statements, “has no legal force or effect.”
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According to the onchain detective, the Pump.fun social media hack is directly tied to the Jupiter DAO account hack in February 2025 and the DogWifCoin X account compromise in November 2024. ZackXBT added that these hacks were not the fault of either team.
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This week’s Crypto Biz newsletter explores the Bitcoin economy, focusing on HK Asia’s purchase, the expanding economic footprint of Bitcoin mining and the growing institutional interest in Strategy.
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https://warpcast.com/ecarrie581/0xb3ea4ae4
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https://warpcast.com/ecarrie581/0xb3ea4ae4
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Panetta pointed to the differences in approach between Europe and the US, noting that the Trump administration’s executive order on digital financial technology, issued on Jan. 23, suggests an inclination toward integrating crypto assets into the financial system.
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In a statement on Jan. 17, the SEC alleged that Nova Labs sold unregistered securities by offering electronic devices called “Hotspots,” which mine the company’s cryptocurrency, Helium (HNT), as well as a program called “Discovery Mapping,” where users could trade their private data for crypto.
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The SEC alleges that the company sold unregistered investment products, including those that mine cryptocurrency and a program that allowed users to trade their personal data for crypto assets.
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Industry analysts see Trump’s presidential win as a green light for more than half a dozen proposed crypto ETFs waiting on regulatory approval to list in the US.
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In June, VanEck and rival asset manager 21Shares sought permission from US regulators to list spot Solana ETFs.
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With the approval, Hexarq is officially authorized to provide a scope of crypto services, including crypto custody, as well as buying, selling and trading crypto against the euro.
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The list of SEC commissioners currently includes two Republicans, Hester “Crypto Mom” Peirce and Mark Uyeda, and three Democrats, Caroline Crenshaw, Gary Gensler, and Jaime Lizarraga.
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A warm Farcaster welcome to @ecarrie581!
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A warm Farcaster welcome to @irisj3588!
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A warm Farcaster welcome to @darcylo996!
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A warm Farcaster welcome to @merfil09668!
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By April 2023, Australia’s Bitcoin ATM count surpassed Asia’s, which includes major economies such as China, Japan, Singapore and India.
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Australia was a slow market for crypto ATMs, but adoption increased exponentially near the end of 2022 after private firms began piling into the market.
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