The regulator revised the civil penalty after determining that the LBRY blockchain will not be able to pay the initial amount imposed.
Daily Bits…✍️✍️✍️
⚙️ Ethereum's developers issued software updates for Prysm and Teku clients to address recent finality problems on Ethereum's beacon chain, restoring network stability.
🍁 Due to tightening regulatory measures, particularly around stablecoins and investor limits, Binance decided to cease operations in Canada.
🏛️ House Democrats are contemplating the introduction of a new stablecoin bill, highlighting a significant disagreement with a concurrent Republican initiative, weeks after a call for a fresh start on cryptocurrency regulation.
🏝️ Amid a tightening regulatory landscape in the U.S., American crypto firms such as Coinbase are considering relocation to Bermuda, known for its more crypto-friendly regulations.
🏛️ Coinbase formed a Global Advisory Council featuring ex-U.S. lawmakers, including former Senator Patrick Toomey and former Congressmen Tim Ryan and Sean Patrick Maloney.
🔻 Bakkt, owned by the Intercontinental Exchange, conducted a large-scale delisting of digital assets including prominent DeFi tokens like AAVE, AVAX, COMP, MKR, UNI, and others.
⚖️ Bitcoin mining company Riot Platforms' unit, Whinstone US, is suing fellow miner Rhodium Enterprises, alleging $26 million in unpaid hosting fees and a dispute over power credits from demand response programs in Texas.
🔄 Lido, the largest liquid staking platform, is considering a governance vote to deploy its second version on Ethereum, aiming to enhance decentralization and improve accessibility to Ethereum's staking ecosystem.
The $$$ Corner…
💰 Crypto venture capital firm Paradigm increased its stake in Coinbase, purchasing additional shares worth approximately $50 million.
💼 The upcoming implementation of the EU's landmark crypto regulation, MiCA, triggered an increase in venture capital funding for European crypto startups.
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