DmitrySP

@dmitriy138

132 Following

127 Followers

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🔗 Changpeng Zhao Released Early Early Release for Zhao: Changpeng Zhao, Binance’s former CEO, was released on Friday, two days earlier than planned. Zhao was sentenced to four months and fined $50 million in a case involving anti-money laundering program violations. Zhao's Ongoing Legal Battles: The U.S. Justice Department had sought a longer 36-month imprisonment. Binance, which paid $4.3 billion in penalties, continues to face a lawsuit from the SEC for regulatory violations and misleading customers.

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Onchain Daily Icon Explores | Spring '24 by @base on @rodeodotclub

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🔗 Threshold Eyes $36M Token Boost Threshold and BitGo Collaboration: Threshold Network proposes a merger with Wrapped Bitcoin (WBTC), aiming to make BitGo the largest holder of its T token. The plan involves transferring WBTC’s minting and burning controls to BitGo, securing the $9B asset's stability and protecting DeFi protocols. Threshold connects Bitcoin to DeFi via its tBTC and the cross-chain Wormhole protocol, which supports around 20 blockchains. Crypto Industry's Concerns: This proposal follows criticism of BitGo's joint venture with Justin Sun's BiT Global, causing concern among crypto users about WBTC’s future. MakerDAO voted to disable WBTC borrowing, while Aave is monitoring the situation, reflecting widespread industry skepticism.

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📉 SEC Blocks Solana ETF Filings Amid Security Concerns SEC Raises Security Concerns: The SEC held talks with potential Solana ETF issuers over concerns about Solana's status as a security. Following discussions, the SEC rejected the 19b-4 forms, removing them from Cboe’s website, halting the approval process. 21Shares and VanEck Involved: Two issuers, 21Shares and VanEck, are pursuing Solana ETFs, with their applications still listed on EDGAR. VanEck's Head of Research confirmed their application is active despite the SEC's stance on Solana.

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🤔 Gensler Rumored as Treasury Secretary Pick Possible Treasury Secretary Nomination: Gary Gensler, the crypto-critical SEC head, might be nominated as Treasury Secretary if Kamala Harris wins the presidency in November 2024, according to a Washington Reporter article citing unnamed sources. Gensler’s Controversial Stance on Crypto: Appointed SEC Chairman in 2021, Gensler has been criticized by both parties for his strict crypto regulations. His potential Treasury role may be influenced by the outcome of the 2024 election.

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💸 Silk Road Bitcoin moves; New tokenized Bitcoin product. Silk Road Bitcoin Moved by Government: The US Government transferred 10K BTC, worth $593.5M, from the Silk Road seizure to Coinbase Prime. This move follows an earlier transfer of the same amount to wallet bc1ql, raising significant attention. Coinbase Teases New Product: Coinbase hinted on X at launching a new tokenized bitcoin product, cbBTC, similar to its cbETH product. The product will allow bitcoin to be held on Ethereum and Layer 2 chains, with a 1:1 backing with real BTC.

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⛽ Ethereum user accidentally spends $90K on gas fees.😮😮😮

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Cryptomus has a new look and feel - check it out! Banner We have completely changed the design for better navigation on the platform! The maintenance is scheduled from August 11th at 11pm until August 12th at 2am (UTC), after that go to Cryptomus and have a look around - that's what we worked hard for. What's new? Overview: Get all the important information about your wallets on one page and customize widgets to your liking. Got questions or even issues? Check out our FAQ. If that wasn't helpful enough, please post your suggestions in the CRMS Forums and we will forward it to our developers. Take full advantage of our latest platform additions and improvements now! More features are coming soon, so follow our social media to stay up to date.

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🔍 SEC Investigates Crypto VCs Amid Crackdown SEC Subpoenas Crypto VCs: The SEC has subpoenaed at least three crypto venture capital firms, investigating potential violations of federal securities laws. The subpoenas demand records of token deals, signaling increased regulatory scrutiny. Regulatory Concerns: Lawyers describe the subpoenas as an "overreaching fishing expedition," while the SEC is probing if VCs are "statutory underwriters" facilitating the sale of unregistered securities to the public market.

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