The SEC sees no reason to “bind itself to a specific deadline” but said it would be in a position to respond to Coinbase’s rulemaking petition in four months.
🏝️ The Bahamas Supreme Court granted FTX founder Sam Bankman-Fried permission to contest additional charges brought against him in the U.S., creating an additional delay in his extradition proceedings.
💻 North Korean syndicate, Lazarus Group, siphoned over $100 million in a hack targeting Atomic Wallet, according to blockchain analytics firm Elliptic.
🏦 Bittrex U.S., the American subsidiary of the bankrupt cryptocurrency exchange, was granted permission by a Delaware bankruptcy court to enable customer withdrawals starting Thursday.
📉 Banq, a division of crypto custodian Prime Trust, declared bankruptcy in a Nevada district court, citing assets of around $17.72 million and liabilities of $5.4 million.
🔍 Ripple demanded a new investigation into former SEC Division of Corporation Finance director, William Hinman, following the release of documents related to a controversial 2018 speech about cryptocurrency regulations. The documents also revealed that Hinman intended to discuss with Ethereum cofounder Vitalik Buterin to affirm his belief that ETH wasn't a security.
💼 Bankrupt crypto lender Genesis submitted an updated reorganization plan amid ongoing negotiations concerning the funds it is owed by its parent company, Digital Currency Group (DCG).
💵 The U.S. Treasury Department is evaluating privacy-enhancing technologies and methods to ensure transactional privacy in digital dollars, despite potential risks such as bank runs.
🔐 Crypto investment platform Finblox started offering returns on tokenized U.S. Treasury bills to investors who hold Circle’s USDC stablecoin, further integrating traditional finance and digital assets.
Today in Crypto Adoption...
📈 The Financial Conduct Authority (FCA) of the UK approved crypto exchange Bitstamp and trading company Interactive Brokers, marking the first such approvals in six months.
👟 Global brand Adidas is collaborating with digital artist Fewocious to launch the Adidas Originals Campus 00s sneakers, available through an NFT redemption pass.
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